Money Power And Wall Street Part 4

 business and finance  No Responses »
Jun 212012
 

FRONTLINE probes a Wall Street culture that remains focused on risky trades. Bankers left an ugly trail of deals extending from small U.S. cities to big European capitals. For more than three years, regulators have tried to fix an industry steeped in conflicts of interest, excessive risk taking, and incentives to cheat. New regulations are being written, but can they fend off the next crisis? Watch Money, Power and Wall Street: Part Four on PBS. See more from FRONTLINE.

[Read more ...]

Money Power And Wall Street Part 3

 business and finance  No Responses »
Jun 212012
 

FRONTLINE goes inside the Obama White House, telling the story of how a newly elected president with a mandate for change inherited a financial crisis that would challenge his administration and define his first term. From almost the very beginning, there was a division inside the economic team over how tough the White House should be on the banks that were at the heart of the crisis. Watch Money, Power and Wall Street: Part Three on PBS. See more from FRONTLINE.

[Read more ...]

Money Power And Wall Street Part 2

 business and finance  No Responses »
Jun 202012
 

In Part 2 of Frontline‘s Money Power And Wall Street series, we move to  the government bailout of the collapsing investment bank Bear Stearns in the spring of 2008, and examines how the country’s leaders — Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and New York Federal Reserve President Timothy Geithner — struggled to respond to a financial crisis that caught them by surprise. Watch Money, Power and Wall Street: Part Two on PBS. See more from FRONTLINE.

[Read more ...]

Money Power And Wall Street Part 1

 business and finance  No Responses »
Jun 192012
 

Here is the first of four documentaries about the financial crisis of 2007 onwards, from the PBS show Frontline (the equivalent of our Four Corners). It examines the causes of the crisis, and features interviews from the “Masters Of The Universe” that engineered the derivative products that almost brought the world’s economy to it’s knees. Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Stay tuned for Part 2 tomorrow.

[Read more ...]

Rupert And Clive Demand To Pay More Tax

 business and finance  No Responses »
Apr 302012
 

Over the weekend billionaires Rupert Murdoch and Clive Palmer have demanded to pay more in taxation than they do. Mr Murdoch tweeted:   Rupert Murdoch ‏ @rupertmurdoch Social fabric means all. Must wake up before coming apart more. That includes closing tax loopholes for rich people and companies. I wonder if he’s referring to the many loopholes that Newscorp exploits to reduce their tax obligations. A report in this week’s Economist newspaper offers an intriguing update. It states that in the four years to 30 June last year, Mr Murdoch’s News Corporation and its subsidiaries paid only A$325m (£128m) in corporate taxes worldwide. That translates as 6% of the A$5.4bn consolidated pre-tax profits for the same period. (source: Tax Free: Rupert Murdoch’s Zero Status) Fellow

[Read more ...]

Give Me A Home Where The BISONs Roam

 business and finance  No Responses »
Apr 252012
 

Oh, give me a home where the BISONs roam Where the economy continues to grow Where seldom is heard a discouraging word Except from LNP losers like Tony and Joe* Following a successful breeding program implemented by the Gillard government, Australia’s great BISONs have now grown too big for their original enclosure at A Frank View. The Finnigans, who manages the BISONs, has acquired a new wide ranging home for the BISONs to roam free and continue to grow and breed. Despite their successful breeding program, they still face danger from the usual suspects (The Noalition, Murdoch’s media, 2GB shock-jocks and all the whingeing Aussies who subscribe to their rabid anti-BISON ideology). The only way for the BISONs to continue to flourish is to make

[Read more ...]

No Sovereign Risk For Twiggy Forrest

 business and finance  10 Responses »
Mar 152012
 

Remember how the mining lobby and their puppets in the LNP bellowed about the increase in sovereign risk that the imposition of the mining tax and carbon pricing would cause? How could you miss it? “Overseas investors will withdraw from Australia and put their money elsewhere” they all said. Well, like every other claim that these “chicken littles” have made, this one has been debunked as well. Debunked by one of their own no less. Fortescue Metals (ASX: FMG) has just finished a capital raising (bonds) from overseas investors that filled FMG’s coffers with $2 billion dollars (that’s equal to eleventy-eleven brazillion dollars in Barnaby Joyce speak). The first billion has a coupon (interest rate) of 6%, and the second billion is at 6.875%. Read

[Read more ...]

Australia’s Great BISONs (updated 3/3/12)

 business and finance  4 Responses »
Mar 032012
 

Australia’s Great BISONs are still roaring and running free by The Finnigans. Latest Updates – 03/03/2012. New BISONs: 1. Julia Gillard elected & confirmed as PM with the greatest thumping winning margin in history 71-31 with one supporter away on leave, otherwise it will be 72-31 2. The power of 1.It was a brilliant & stunning move by PM Gillard to bring Bob Carr into the Senate. It is a game changer in so many ways: * PM Gillard stamped her authority * Australia gets a top notch FM with deep knowledge, a sense of history & intellect. * Carr will be formidable in the Senate and wipe the smile off Brandis & Erica * Carr will be a good advocate of the Gillard Govt’s policie

[Read more ...]
 Older Entries