by Justin Knapp | Jul 25, 2008 | Current Affairs
As the price of oil has risen sharply since last year, the watchdog has turned its focus on the activities of speculators. It is feared that traders have contributed to swings in oil prices. Bastiaan van Kempen, the boss of Chicago-based Optiver, a subsidiary of...
by Justin Knapp | Jul 24, 2008 | Current Affairs
Excerpt: "Officials at the Interior Department said the inspector general’s report uncovered only $5.7 million in misdirected contracts. That was a small fraction of the agency’s overall small business contract awards, which totaled $1.39 billion in fiscal year...
by Justin Knapp | Jul 24, 2008 | Current Affairs
The nytimes.com article by Clifford J. Levy seen here tells about William F. Browder, an international business man and how his Russian business was muscled out from under him by corrupt officials. Depending on who tells the story, either the Kremlin Fleeced Browder,...
by Justin Knapp | Jul 22, 2008 | Current Affairs
The US, UK, Germany and other countries (Australia, Italy, France, Sweden, Canada, New Zealand, Spain and the Czech Republic) are looking into a bank in Liechtenstein where account holders are thought to have been evading taxes. The United Kingdom’s tax...
by Justin Knapp | Jul 15, 2008 | Current Affairs
Lynnley Browning writes that the IRS intends to look closer at offshore banking customers to ensure they are paying their US taxes.The program is called Qualified Intermediary, and has been working with foreign banks since 2001recieving taxes that the banks withhold...
by Justin Knapp | Jul 14, 2008 | Current Affairs
Stephanie Clifford and Jenny Anderson report at the nytimes.com that "The Securities and Exchange Commission announced on Sunday that it and other regulators would begin examining rumor-spreading intended to manipulate securities prices." "The issue is...
