FOREIGN POLICY– Demand and supply certainly matter. But there’s another reason why food across the world has become so expensive: Wall Street greed. It took the brilliant minds of Goldman Sachs to realize the simple truth that nothing is more valuable than our daily bread. And where there’s value, there’s money to be made. In 1991, Goldman bankers, led by … Read More
FORBES– On a cold December Chicago afternoon John Rowe stands at a window in his office, a dim, quiet, three-room suite lined with history books and sprinkled with objets d’art, including a stone horse from the Tang Dynasty and an Egyptian sarcophagus. From his 54th floor perch he is looking north to the high-rises of the Gold Coast below and … Read More
DAILY FINANCE– Don’t kid yourself. Real privacy no longer exists in this country. We’ve long had government organizations collecting data that paints a pretty clear picture of what we do with our time. The Internal Revenue Service knows everything about what you earn and any major transactions you make. It can access every bit of information it needs to determine … Read More
GUARDIAN– Environmentalists reacted angrily after BP predicted it would be back drilling in the Gulf of Mexico within months despite facing billions in financial penalties over the Deepwater Horizon disaster – and despite balls of tar still washing up on beaches. The oil giant’s finance director, Byron Grote, told City analysts: “We expect to be back and actively drilling during … Read More
CBS NEWS – The CEOs of most S&P 500 companies raked in an average compensation of $11.4 million in 2010, amounting to a 23 percent pay raise over 2009, according to a new study from labor union coalition the AFL-CIO.The AFL-CIO compiled the data as part of its Executive Paywatch initiative, which aims to make information on executive compensation more … Read More
