For both Russia and Brazil, though, it seems like corruption isn’t going anywhere anytime soon.
For both Russia and Brazil, though, it seems like corruption isn’t going anywhere anytime soon.
In this bleak economic era, the only constants that have prevailed throughout the most part of the global financial crisis are risk and uncertainty. On January 12th, Standard and Poor’s downgraded France, joint-chief compere of the Eurozone’s economic horror show and its second largest economy. The very same day, the economies of Spain, Italy, Portugal […]
In the Republican-controlled House of Representatives, an idea once confined to the conservative ‘wingnut’ fringe of the Republican party has morphed into the party’s mainstream – the belief that intentionally allowing a Federal default on paying the National debt might be an acceptable price to pay to make a political point by forcing the Obama administration to assume ownership of a fiscal mess created by the previous Republican president.
US Court rules the three major credit rating agencies may continue to lie, mislead & cheat investors by assigning false ratings, and helping investment firms to structure transactions that gain ‘AAA’ status. The rating agencies ‘opinions’ are protected under First Amendment protections as free speech. This ruling is a set-back to individual investors & ordinary working Americans everywhere.
Moody’s issues shot across the bow to warn US about expanding Federal debt burden.
“Tight credit markets and the global economic downturn are rapidly swelling the population of U.S. companies with high default risk and weak liquidity. The Bottom Rung, a new Moody’s database and quarterly publication, captures and comments on these low-rated companies.” March 10th marked the inaugural debut of Moody’s newest ratings publication by its Global […]