Friday 31 August 2012


Romney Party Yacht Flies Cayman Islands Flag: Gov. Mitt Romney's campaign toasted its top donors Wednesday aboard a 150-foot yacht flying the flag of the Cayman Islands.

Rotten to the core: Citigroup to pay $590 million to settle investor suit: Citigroup said Wednesday it had agreed to pay $590 million to settle a suit by investors who accused the bank of misleading them on its subprime mortgage-based security losses in 2007-2008.

Nicolas Sarkozy is contemplating a £200,000-an-hour job with a bank that already employs his old friend Tony Blair: Morgan Stanley has offered the former French president a quarter of a million euros for one hour of work

Facebook co-founder Moskovitz scrambles to offload his shares: Moskovitz has sold over 1.3 million of his shares in the social network over the last two weeks.

Poverty: The New Growth Industry in America : Op-Ed - The reason why so many of these people cannot find jobs is the incredible economic mismanagement by people with names like Robert Rubin, Alan Greenspan, and Ben Bernanke.

Unemployment rate rises in Germany amid EU debt crisis: German unemployment rate has increased for the fifth consecutive month in August as the Europe’s economic powerhouse begins to feel the real sting of the eurozone deteriorating economic crisis.