Posts Tagged ‘ Wall Street ’

Wall Street justice system is a kangaroo court 

January 14, 2012
Wall Street justice system is a kangaroo court 

  There has been a fair amount written recently about various institutional cartels that are thriving in the US despite antitrust laws designed to prevent their existence. My previous column compared Wall Street’s few remaining investment banks to a cartel, with explicit pricing power over its hundreds of thousands of customers, an advantage that will [...]

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Amazon weighed buying RIM, interest cooled 

December 21, 2011
Amazon weighed buying RIM, interest cooled 

A BlackBerry handset is displayed in Washington, December 15, 2011. Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation. Amazon hired an investment bank this summer to review [...]

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CME’s Duffy vs MF Global’s Corzine: A question of trust 

December 19, 2011
CME’s Duffy vs MF Global’s Corzine: A question of trust 

Terrence Duffy, executive chairman of the Chicago Mercantile Exchange (CME) Group. The drama over the meltdown of the brokerage firm MF Global pivots around a clash between two veteran traders who rose from relatively humble roots to the very top of the futures-trading business. One is Jon Corzine, the firm’s former CEO who just testified [...]

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Protesters ignore American love of entrepreneurs 

November 24, 2011
Protesters ignore American love of entrepreneurs 

A protester chants during an Occupy Wall Street march in New York October 1, 2011 The Occupy Wall Street movement is fighting an almost unwinnable battle against the ghost of Steve Jobs. America’s love affair with entrepreneurship complicates any attempt to mount an effective European-style war of have-nots against haves. To be successful, the new [...]

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Judge upholds eviction of Wall St. protesters 

November 16, 2011
Judge upholds eviction of Wall St. protesters 

Bill Talen, known as Reverend Billy (C), delivers a speech to members of the Occupy Wall Street movement as they return to Zuccotti Park in New York November 15, 2011. A judge upheld New York City’s right to evict Occupy Wall Street protesters from a park on Tuesday after baton-wielding police in riot gear broke [...]

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Clashes erupt after protests shut down US port 

November 3, 2011
Clashes erupt after protests shut down US port 

   Demonstrators with the Occupy movement stand on a utility box at the Port of Oakland. Clashes broke out between masked protesters and police after a day of peaceful anti-Wall Street protests shut down one of the United States’ busiest ports. Clashes broke out between masked protesters and police here early Thursday after a day [...]

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Thousands protest banks, corporate greed in US marches 

October 16, 2011
Thousands protest banks, corporate greed in US marches 

An NYPD officer keeps watch on Occupy Wall Street protesters at Times Square in New York October 15, 2011. Thousands of anti-Wall Street protesters rallied in New York’s Times Square on Saturday, buoyed by a global day of demonstrations in support of their month long campaign against corporate greed. Inspired by the Occupy Wall Street [...]

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Anti-Wall Street protesters vow to keep up fight 

October 14, 2011
Anti-Wall Street protesters vow to keep up fight 

A protester chants during an Occupy Wall Street march in New York October 1, 2011 Anti-Wall Street protesters vowed to keep up their fight on Sunday despite the arrests of more than 700 people the previous day for blocking traffic lanes on the Brooklyn Bridge in an unauthorized protest. Police issued more than 700 summonses [...]

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Wrestling with reality 

June 29, 2011
Wrestling with reality 

  The recent documentary festival has sparked a dialogue over the flagging quality of Vietnamese films A scene in the Swiss documentary “Cleveland versus Wall Street” depicting the fallout from the 2008 financial crisis. The fictional details in the film captured local viewers and filmmakers alike. Three thousand people attended the third International Documentary Film [...]

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Madoff: ‘I made a lot of money’ for victims 

March 1, 2011
Madoff: ‘I made a lot of money’ for victims 

Bernard Madoff arrives at Manhattan Federal court in 2009. Bernard Madoff, in prison for the biggest pyramid scheme fraud in Wall Street history, says that in reality he made a lot of people rich and that he suffered alone. In a lengthy telephone interview from prison to New York Magazine, the man widely described in [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...