“Why isn’t Wall Street in jail?” asks Matt Taibbi

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“Nobody goes to jail,” writes Matt Taibbi in the new issue of Rolling Stone magazine. “This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world’s wealth.” In an interview with Democracy Now!, Taibbi explains how the American people have been defrauded by Wall Street investors and how the financial crisis is connected to the situations in states such as Wisconsin and Ohio. […]






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Laugh out Loud: The trimmed budget?

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No chance of trimming this baby down to size any time soon! […]






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Dominant South African themes for 2011

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By Cees Bruggemans, Chief Economist of FNB.

With the dominant global themes still harbouring substantial event risk (Arab World, Europe) even while shifting towards typical cyclical expansion themes (growth and inflation) what can we expect to be the major South African themes of 2011?

I would opt now […]

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South African crossroads

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By Cees Bruggemans, Chief Economist of FNB.

The global arguments about what to do next are many, and find a reflection in South Africa’s own crossroads.

The rich countries continue to favour an open trading system, along market capitalist lines.

Anglo-Saxons emphasize the free market thereof, […]

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