Technology

Did Citi Get a Sweet Deal? Bank Claims SEC Settlement on One CDO Clears It on All Others

Technology /

In the run-up to the global financial collapse, Citigroup’s bankers worked feverishly to create complex securities. In just one year, 2007, Citi marketed more than $20 billion worth of deals backed by home mortgages to investors around the world, most of which failed spectacularly. Subsequent lawsuits and investigations turned up evidence that the bank knew […]

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Typhoon Roke Pounds Japan’s Main Land And A Fragile Fukushima Nuclear Plant

Technology /

A powerful typhoon struck Japan Wednesday, stranding thousands of commuters and pouring heavy rain on the already stricken and fragile Fukushima Daiichi nuclear power plant. Halting trains and stranding tens of thousands of commuters, Typhoon Roke barreled down toward the tsunami-ravaged northeastern coast. Police and local media have reported people being swept away by rivers

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Irene and Heartless GOP/Tea Party’s Politically Motivated Disaster Budget Offset Demands

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As the USA faces yet another natural disaster in the wake of Hurricane Irene, the nation’s leaders have been called upon to address the issue of emergency relief. On Sunday, GOP/Tea Party House Majority Leader Eric Cantor (R-VA) and Presidential Candidate Rep. Ron Paul (R-TX) both declared on US national television that the USA should

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How Bill Gates, Syngenta and Rockefeller Became Custodians of the Doomsday Crop Diversity Vault

Technology /

The Svalbard Global Seed Vault is the realization of this vision. When names like Gates, Rockefeller and Syngenta show up as key players on the same project, I find time to dig a bit deeper. One thing this elite group can not be accused of is a reluctance to make an impact on the world,

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biotech-industry-allowed-to-conduct-their-own-gmo-aBiotech Industry Allowed To Conduct Their Own GMO Assessments

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Twelve years have passed since the Flavr Savr tomato, the world’s first genetically modified (GM) crop, was commercially approved. Since then, hundreds of other GM varieties have been granted deregulation status, with the global area of GM crops now reaching 102 million hectares, according to industry sources. This figure has been widely contested.  In August

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Banking Groups Stir Consumer Fears on Debit Card Regulations via Twitter

Technology /

On April 21st, the Federal Reserve’s deadline for finalizing its regulations on debit card transaction fees, also known as ‘interchange costs’, passed without any action being taken. Controversy over the regulations has caused the Fed to delay finalizing them, and banks have taken to Twitter to continue their campaign to delay the rules for at

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UK Progressive Response to Cardiff Airport Managing Director’s E-mail

Technology /

Last week, The Times reported on the closure of the Bosch plant, which included a few lines about Cardiff Airport. This prompted a response from the airport’s Managing Director, Patrick Duffy. In response, this opinion journalist has crafted a reply with brutal honesty. The question posed by Mr. Duffy was, “what’s actually broken?” The answer

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