TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
Alcohol was once illegal in the U.S. – that’s almost too hard to comprehend, but it happened less than 100 years ago. Prohibition didn’t stop people from consuming booze, it simply made it harder to get, which attracted the attention of criminal parties and jacked up the price. Remember this valuable lesson: The market will Read More…
Commonwealth Bank is in hot water, as civil penalties proceedings begin after an investigation found tens of thousands of violations of money laundering and terrorist financing laws. (TFTP) Commonwealth Bank of Australia stands accused by the Australian Transaction Reports and Analysis Centre (AUSTRAC) of a stupefying 53,700 violations of money laundering and counter-terrorism-financing laws, in which the Read More…
With 60% of stocks now being traded by bots that fake each other out in order to create buying opportunities, stock exchanges have lost their connection to the reason markets are created in the first place. The exchanges no longer exist as places for people to buy and sell ownership in a corporation. They exist Read More…
After nervous customers panicked and drained their accounts, ultimately causing the collapse of Spanish bank, Banco Popular, equally jittery European Union officials are debating the merits of freezing access — preventing anyone from withdrawing any money — at the first sign of a bank run. Proponents claim measures to halt a rush of withdrawals would Read More…
Wells Fargo is now under fire for charging nearly 1 million customers with fake car insurance that sent many of them spiraling into fraudulent debt. (TFTP) One of the largest banks in the United States is no stranger to scandal, and the latest case of fraud surrounding Wells Fargo has affected nearly 1 million people, Read More…
Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they’ve partnered with governments around the world to help convert financial systems into cashless models, Read More…