Corruption

Tyler Durden's picture

The 'Bernwashing' Of America





Bernie Sanders supporters seem to be everywhere. 49% of Democrats now have a favorable view towards socialism. This is scary. And sad. No matter how it is wrapped, socialism is still the belief that we can raise people out of poverty by taking money out of the hands of those who have learned how to produce. And it has never worked. Socialism always fails because at some point people realize they don’t have to work as hard to get the same amount of stuff. It takes all the incentive away to really succeed.

 
Tyler Durden's picture

The Drone Debate: Do US Drone Strikes Create More Terrorists Than They Kill?





"Anyone caught in the vicinity is guilty by association. When a drone strike kills more than one person, there is no guarantee that those persons deserved their fate. … So it’s a phenomenal gamble.”

 
Tyler Durden's picture

Is Russia The King Of Arctic Oil By Default?





To be king implies preeminence, or lasting rule. In the Arctic, such oil and gas supremacy is still little more than a dream. That dream remains alive in Russia however, and the nation – through an unmatched stubbornness and a decidedly timid field of competitors – is making a strong bid for the throne.

 
Tyler Durden's picture

Deutsche Bank Warns Bonuses Will Be Slashed As Much As 30%





A beleaguered Deutsche Bank is set to slash the investment bank bonus pool by some $566 million as John Cyran's effort to right a sinking ship continues. As Bloomberg reports, "no decision has been taken and the biggest reductions are likely to impact employees in the fixed-income business. Some managing directors may have their entire bonus scrapped, according to the person."

 
Tyler Durden's picture

Carl Icahn Launches Super PAC To Promote "No Brainer" Tax Reform, Combat Tax Inversions





We expect the ultimate outcome of Carl Icahn's Super PAC will be to make it easier for activists to pressure management teams into buying back even more of their shares - perhaps by granting them a tax amnesty on repatriating some of the $2 trillion in offshore cash if used for shareholder friendly activity - but then again we tend to be cynical.

 
Tyler Durden's picture

Italian Central Bank Chief (And ECB Council Member) Probed Over Corruption, Fraud, & Abuse Of Office





As the world places its 'life' in the hands of a few unelected members of ivory tower trusting them to centrally plan the global utopia, that faith may be shattered by Bank of Italy Governor Ignazio Visco. As Bloomberg reports, Visco and seven other people were place under investigation according to chief prosecutor. While the statement does not list allegations, court documents reveal alleged corruption, fraud, and abuse of office.

 
Tyler Durden's picture

Things Are Getting Scary: Global Police, Precrime, & The War On Domestic "Extremists"





If you believe in and exercise your rights under the Constitution (namely, your right to speak freely, worship freely, associate with like-minded individuals who share your political views, criticize the government, own a weapon, demand a warrant before being questioned or searched, or any other activity viewed as potentially anti-government, racist, bigoted, anarchic or sovereign), you have just been promoted to the top of the government’s terrorism watch list.

 
Tyler Durden's picture

Prominent Veterans Group Just Called On US Public To Say No To War





President Obama’s decision to prolong the U.S. led war in Afghanistan only ensures U.S. responsibility for more death and destruction. Veterans For Peace condemns the decision and calls on the U.S. public to say no to more war..."

 
George Washington's picture

Government Corruption Tops List of Americans’ Fears





Most Americans Think Government Corruption is Biggest Problem

 
Tyler Durden's picture

Brazil Faces Unemployment "Crisis", As Retail Sales Plunge, Rousseff Blasts "Coup-Mongers"





As Rousseff fights to keep the Presidency, and has the speaker of the House battles to have her impeached, the country's economy continues to crumble. Retail sales came in below expectations for August and as Bloomberg reports, Brazil's top bankers now fear the combination of overindebted households and soaring unemployment could spell doom.

 
Tyler Durden's picture

FBI, DOJ Probe Goldman On Malaysia Prime Minister's Slush Fund





Back in August, we brought you the story of 1MDB, the Malaysian development bank turned-Najib slush fund with deep ties to Goldman. About a month later, the FBI announced an investigation into the fund after Malaysia arrested a former official who was trying to fly to New York to urge US authorities to look into the whole debacle. Now, as WSJ reports, the FBI and DOJ are looking into Goldman's role.

 
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