Following the scandal of UBS selling bad bonds throughout Puerto Rico, it now appears an overall government default on bond obligations is underway. Read more here. Currently, the U.S. territory owes $73 billion to its creditors. To make matters worse, the Puerto Rican treasury is in the…
Although you pay taxes to support the judicial branch of government, where all are constitutionally guaranteed a right of access to the courts, corporate America has established its own justice system. It is a system you have no choice but to participate in, because many…
Hardly a week goes by without a new media story about financial fraud. Also known as stock, investment and securities fraud, the term covers a wide range of illegal and unethical deceptive practices in which investors – primarily those with little expertise or knowledge of…
According to a recent report from Financial Times, E.U. officials were informed about problems with Volkswagon’s nitrous oxide compliance in February of 2013 – approximately one year after the European Commission made the decision not to provide funding for a full ICCT study of diesel…
How is it that major U.S.-based fast-food franchises operating in Western European countries pay employees the equivalent of $20 an hour and provide full benefits, while in their home country, they pay less than half that – with no benefits? Recently, a group of sociologists from…
President Obama Nominates Drug Company Insider to Head FDA. President Obama’s recent nominee to head the Food and Drug Administration (FDA) is Robert Califf. Mr. Califf has received huge consulting fees from large pharmaceutical corporations to push their agenda. Worse than that, he played a significant…