Monthly Archives: July 2013

SAC finally indicted for securities fraud

Posted on July 25, 2013 by Danielle Park

The fact that SAC has been allowed to continue in its notorious practices for so long and amass such incredible wealth for its principles and investors who were happy to collect 30% a year without questioning how that was possible, … Continue reading →

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Senate hearing on the costs of repealing Glass Steagall in 1999

Posted on July 24, 2013 by Danielle Park

The testimonies given are all excellent summaries of the unjustifiable risks and costs we are paying for the refusal to break up ‘too big to fail’ banks and re-establish a clear division between traditional banking and their speculative pursuits–profit-levering, trading … Continue reading →

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Chinese middle-class turning away from “bling”

Posted on July 24, 2013 by Danielle Park

Chinese vacationers increasingly are turning away from tour-bus travel and frantic shopping trips. The WSJ’s Yun-hee Kim speaks on the changing habits of Chinese tourists. See more on the numbers here. Here is a direct video link.

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