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News & Updates

November 16, 2008
A Risk Worth Taking

Source: Newsweek

In recent months, conservative economists and editorialists have tried to pin the blame for the unholy international financial mess on subprime lending and subprime borrowers. If bureaucrats and social activists hadn't pressured...

November 14, 2008
Calif County Accuses Lehman Executives, Auditor Of Fraud In Suit

Source: CNN Money

The San Mateo County (Calif.) Investment Pool sued executives of bankrupt Lehman Brothers Holdings Inc. (LEHMQ) and their accountants, accusing them of fraud, deceit and misleading accounting practices that led to the loss of...

November 14, 2008
Setting the Record Straight

Source: U.S. Treasury Ddepartment

The story in the Washington Post ("Bailout Lacks Oversight Despite Billions Pledged" - 11/13/2008) leaves out critical steps taken by Treasury to ensure that there is strong oversight in place as the Emergency Economic...

November 14, 2008
Fund Chiefs Back Oversight


Source: Washington Post

Five of the world's wealthiest billionaire hedge-fund managers said yesterday that they would support greater oversight of their secretive $2 trillion industry, as momentum grows in Congress for stricter control of an essentially...

November 14, 2008
Csrnetwork and AccountAbility: Vodafone No 1 in 2008 Accountability Rating

Source: accountabilityrating.com -UK

LONDON--Vodafone is the most accountable of the world’s 100 largest corporations (G-100), according to the 2008 Accountability Rating.

November 13, 2008
Approximately $20 Billion in U.S. Assets Allegedly Concealed from IRS

Source: U.S Justice Department

Three leading electronics manufacturers –LG Display Co. Ltd., Sharp Corp. and Chunghwa Picture Tubes Ltd. –have agreed to plead guilty and pay a total of $585 million in criminal fines for their roles in conspiracies to fix...

November 13, 2008
Congress isn't waiting for Obama

Source: Los Angeles Times

Lawmakers are unveiling plans to expand health coverage and curb global warming. And Democratic leaders have called a lame-duck session next week to discuss an auto industry bailout. More than two months before he is sworn in,...

November 13, 2008
Spam plummets as gang leaves net

Source: BBC News

The closure of a web hosting firm that is believed to have had spam gangs as clients has led to a drastic reduction in junk mail.

 

 

November 13, 2008
Study: Calif dirty air kills more than car crashes


Source: Associated Press

Lowering air pollution in Southern California and the San Joaquin Valley would save more lives annually than ending all motor vehicle fatalities in the two regions, according to a new study. The study, which examined the costs of...

November 13, 2008
Trust Me, Again

Source: Forbes.com

Right or wrong, Treasury Secretary Paulson's shifting strategies put his most valuable asset--his credibility--at risk.

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