Category: econ_news

WikiLeaks May Sue Visa, Mastercard

In the fall of last year most credit card companies refused to process any more payments for Wikileaks or its payment provider, DataCell. Forbes has obtained a copy of a document prepared to file a complaint by DataCell to the European Commission that charges the actions by Visa, Mastercard and others violates the EU Treaty. more »

Stunning Political Upset in Thailand

July 4th, 2011
in econ_news

Yingluck Shinawatra, a political newcomer, will come to power in Thailand after her Phue Thai party won 264 of 500 parliament seats in Sunday's election. This is the second election since a military coup in September, 2006 removed Thaksin from office and sent him into exile in Dubai, where he remains. more »

USA Economic Releases: Looking at the Week Ending 08July2011

July 3rd, 2011
in econ_news

Econintersect:  The USA is enjoying a short week caused by Monday being the 4th of July holiday.   The week ahead is dominated by the June 2011 employment data. Readers are reminded that the USA dominates economic reporting as:the USA remains the d… more »

India: Immense Wealth in Temple

If the latest news reports are to be believed, a temple in South India has so far been found to have far greater wealth. According to The Times of India, Rs 1 lakh crore of Gold, diamonds and other precious metals has been counted by the RBI (Reserve Bank of India), and the RBI team is still counting, following an order of the Supreme Court. According to IBN Live, the six stone cellars of the Sri Padmanabhaswamy temple in Kerala (Thiruvananthapuram) contain a vast hoard of treasures. more »

More Convictions of Minor Officials at Major Bank

July 2nd, 2011
in econ_news

There have been a lot of questions about when there will be criminal prosecutions of senior executives of major banks for their roles in the development of the financial crisis. So far it seems that only the small fry are getting caught. more »

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