An Afghan soldier opened fire at a UK-run training facility in Afghanistan yesterday, killing a US major general and wounding 15 other ISAF soldiers, including a German brigadier general. Maj Gen Harold Greene is the most senior US soldier killed in action overseas since the Vietnam War.
Tentative Agreement with DOJ Will Settle Another Mortgage Fraud Case
Econintersect: The Financial Times is reporting that Bank of America has agreed with the U.S. Department of Justice (DOJ) to pay more than $16 billion to settle charges of "misselling mortgage-backed securities". The deal will include "around $9 billion in cash" paid to the government and "$7 billion in consumer relief". The details of the consumer relief and the wording of the statements to be officially made by Bank of America remain to be finalized. This agreement follows an assessment of $1.3 billion last week in another case brought by the FHFA (Federal Housing Finance Authority). That was on top of a previous award of $9.5 billion in the same case.
August 6th, 2014
by Lykke E. Andersen, INESAD
During the last decade, Bolivia had one of the highest per capita deforestation rates in the World (1). Apart from this being decidedly unkind to Mother Earth and exacerbating problems of wild fires, droughts and flooding in Bolivia, this also caused Bolivians to be among the biggest contributors to CO2 emissions in the World (approximately 11 t/CO2/person/year - more than almost all European countries and more than twice the global average) (2).
Have you ever thought about where money comes from and why it is so valuable?