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Economics vs. Fakeonomics

Economics vs. Fakeonomics

We skeptics of free trade are used to being told, “You don’t understand economics.” In fact, one major reason I wrote the book Free Trade Doesn’t Work was simply to…

Auto Giant Daimler Charged With International Bribery

Washington, D.C. – In a press release from the Securities and Exchange Commission, the agency charged Daimler AG with “violations of the Foreign Corrupt Practices Act (FCPA)”. The SEC says…

California Ponzi Scheme Preyed On Korean-Americans

California Ponzi Scheme Preyed On Korean-Americans

Santa Ana, CA – On March 9, 2010, special agents for the Federal Bureau of Investigation arrested a California man and his girlfriend for allegedly running a Ponzi scheme that…

Bank of America to Face New SEC Charge

Bank of America to Face New SEC Charge

Bank of America, currently the subject of an official SEC inquiry, will have to answer yet another charge relating to the merger with Merrill Lynch.…

FBI Sting Nets Several of Wall Street's Elite

Yahoo.com is reporting the arrest of several corporate execs on charges of insider trading. Among those arrested was Raj Rajaratnam, a billionaire and hedge fund manager for Galleon Group, one of…