government

WikiLeaks poses an example of true media which now speaks government lies

December 15, 2010 - 4:12am | Analytics | News
WikiLeaks poses an example of true media which now speaks government lies

The case of WikiLeaks shows that the traditional media has deviated from its true mission and instead of bringing the facts to the audience it relies heavily on official source, on the point of view of governments, while it should instead be less dependent on such, thinks award-winning journalist John Pilger.

Discussing his film "The War You Don't See," the veteran Australian reporter told Reuters the Internet, and more specifically WikiLeaks, would bring about a "revolution" in journalism which too often failed to do its job properly.


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Google charges $25 a person for exposing its users information to the government

November 19, 2010 - 2:52am | Law aspects | News
Google charges $25 a person for exposing its users information to the government

According to the four years spending of US Drug Enforcement Admission on wiretaps and pen registers provided on a Freedom of Information Act (FOIA) request, Microsoft does not charges any commission for government surveillance of its users, whereas Google charges $25 per user. A wiretap grabs actual telephone or Internet conversations while a pen register merely grabs numbers and addresses that show who's doing the communicating.


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Hu Jintao sets an official microbloging site opened for public

February 22, 2010 - 7:46am | News | Other themes
Hu Jintao sets an official microbloging site opened for public

Hu Jintao, the Chinese president, introduced a microblog, adopting the technology despite his government's work to depress free speech by microblog users in China. 


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Dubai World's debts won't be guaranteed by the government

November 30, 2009 - 8:48am | Analytics | News
Dubai World's debts won't be guaranteed by the government

Dubai government doesn’t intend to guarantee Dubai World's debts, government official said on Monday. That means creditors will be affected by the conglomerate's restructuring in "the short term".

As Abdulrahman al-Saleh, director general of Dubai's department of finance reported, market reaction to Dubai World's announcement last week was amplified and did not match the extent of the conglomerate's woes. 


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Three large investors raised capital to buy toxic assets

October 5, 2009 - 4:04am | Investment industry | News
Three large investors raised capital to buy toxic assets

 Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.


The Treasury Department said Alliance Bernstein LP and BlackRock Inc., both headquartered in New York City, and Wellington Management Co., based in Boston, had all raised the $500 million minimum to begin operations.


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Even in terms of economic crisis crime victims are getting government bailout

September 29, 2009 - 4:53am | News | Other themes
Even in terms of economic crisis crime victims are getting government bailout

 The government's economic stimulus money isn't just for hard hats, contractors and teachers. It's also keeping battered women's advocates on the job and compensating crime victims for lost wages and uncovered medical costs.


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Citi is to pay back $20 billion owed to government

September 17, 2009 - 2:34am | Banks and internet banks | News
Citi is to pay back $20 billion owed to government

As Citigroup’s Chief Executive Vikram Pandit announced Wednesday, the corporation intends to pay back $20 billion it owes the government when the bank sees more concrete signs of recovery, as the bank has suffice of capital to use to pay back the $20 billion.

Previously, Citigroup was in negotiations with the regulators about the way of repaying the funds and was considering issuing $5 billion to buy back trust preferred securities, represented by stocks and bonds, held by the government.


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China’s retail sales overtake domestic consumption

May 26, 2009 - 7:19am | Figures | News
China’s retail sales overtake domestic consumption

As the China’s State Information Centre (SIC) stated on Tuesday, as Monthly retail sales amount overtook volume of China's domestic consumption, Beijing should do more to hearten consumer spending. 

China’s anticipation on domestic consumption excludes consumer spending on services and housing, which has fallen more sharply than spending in other sectors.


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Citi doesn't need more taxpayer money but it will raise private investor funding

May 4, 2009 - 10:35am | Banks and internet banks | News
Citi doesn't need more taxpayer money but it will raise private investor funding

According to the Bloomberg Monday report, Citigroup, one of 19 U.S. banks undergoing a stress test designed to ensure the banks have sufficient capital to go through the recession, is seeking to raise any additional capital it might need from private investors, rather than giving more control to the government. These measures are expected to be sufficient to meet any capital the Citigroup is to raise under the government pressure. 


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AIG like companies will no longer be left unregulated

March 25, 2009 - 4:00am | Law aspects | News
AIG like companies will no longer be left unregulated

On Tuesday testifying before the Congress Obama’s administration proposed the lawmakers to create relevant regulation allowing the government to control non-bank financial institutions like AIG to evade the need in future bailouts not to speak of systemic risks, reports Reuters. U.S. Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke called upon Congress to provide corresponding legislation to take over big non-bank financial firms that run amok. President Barack Obama took the case public during a televised news conference.


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It was Russia and U.S. who made the crisis, was it?

March 24, 2009 - 7:34am | Analytics | News
It was Russia and U.S. who made the crisis, was it?

Valentin Zavadnikov, the head of industrial policy committee in Russian Federation, criticized the actions of Russian and American governments laying the responsibility for the crisis on the national administrations. He expressed his regret noting that the U.S. along with Russia and other states are not very hasting to get insight into the nature of the economic disaster.


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Oh, how we like talking about bonuses on the Wall Street!

March 17, 2009 - 4:42am | Articles | Other themes
Oh, how we like talking about bonuses on the Wall Street!

Bonus payments on the Wall Street became a focus of attention of the public following the government’s attacks. The situation is that American society found itself in a whirlpool of something like a chaos that drives them a stupor and they just don not know how to treat the things that are going on around them.


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Bank of America shares fell below $5 first time for the last 17 years

February 5, 2009 - 3:30am | Banks and internet banks | News
Bank of America shares fell below $5 first time for the last 17 years

Bank of America shares fell 10.2%, to $4.75.for the second straight session for the first time since the mid 1980s. The last time that Bank of America shares closed at $4.75 was on January 30, 1985. Bank of America and Merrill Lynch ended 2008 with $2.49 trillion of assets as shares fall can lead to mounting losses on mortgages and corporate loans of the Charlotte, North Carolina, lender, or even the ouster of Chief Executive Kenneth Lewis.


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Government trusted more than Banks and Media

January 28, 2009 - 6:34am | Figures | News
Government trusted more than Banks and Media

The 10th edition of the annual Edelman Trust Barometer released this week revealed a substantial drop in people’s trust in banks, energy and media. The edition covers the survey of opinion formers in the UK and other countries. The percentage of those aged 35 to 64 who trust in banks declined by 16 points to 31% while Energy and Media both dropped 13 points to 32% and 21% respectively.


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Another $10M stolen by Bernard Madoff

January 5, 2009 - 8:54am | News | Other themes
Another $10M stolen by Bernard Madoff

The suit says, Bernard Madoff agreed to invest $10 million six days before he was charged with running a $50 billion Ponzi scheme. 

Rosenman Family LLC, managed by Martin Rosenman, president of Bronx-based Stuyvesant Fuel Service Corp., is suing Irving Picard, who is a trustee appointed to supervise Madoff’s business. Picard is being demanded to have no claim to the $10 million.


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