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Banking System

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As I have pointed outbefore in this space, much of the most shocking evidence of America’s weakening position in the world these days gets swept under the rug in the mainstream press. We had another instance last week when a Japanese bank was found to have egregiously flouted the American-led financial embargo on Iran. The... Read More
Although the aftershocks created by the botched Cyprus bank bailout are by no means over, the news this morning is on balance reassuring. At least we should be thankful for small mercies: the European banking system is still standing. While the crisis has precipitated bank runs in Cyprus, depositors elsewhere seem to have remained remarkably... Read More
If you are a contrarian like me, you probably hold a few bank stocks — so as the Libor scandal has gathered steam you may be wondering about your exposure. Daily newspaper reports have not been much help because they mention only a few of the more obvious names. As a reader service, I have... Read More
When an earthquake struck Tokyo in 1923, it took a week for the full impact of the tragedy to percolate through to the west. If disaster struck today, the west's reflexes would be measured in seconds rather than days, sending shock waves through the entire world financial system. As the Japanese insurance industry dumped scores... Read More
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PastClassics
The “war hero” candidate buried information about POWs left behind in Vietnam.
What Was John McCain's True Wartime Record in Vietnam?
The evidence is clear — but often ignored
Are elite university admissions based on meritocracy and diversity as claimed?
A simple remedy for income stagnation