INTERVIEW WITH GEORGE SOROS Q: Mr. Soros, in spite of massive interventions by governments and federal banks the financial crisis is getting worse. The stock markets are in free fall, millions of people could lose their jobs. More and more companies are in trouble, from General Motors in Detroit to BASF in Ludwigshafen. Have you [...]

November 17, 2008 (LPAC)–Cargoes are rotting on the docks around the world, unable to be delivered, due to a lack of financing. The shipping business depends upon letters of credit: for cargoes to move, the shipper needs to know when he puts a cargo on a ship that the buyer at the other end will [...]

Food Riots, Tax Rebellions By 2012…Trend forecaster, renowned for being accurate in the past, says The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table [...]

Food Riots, Tax Rebellions By 2012…Trend forecaster, renowned for being accurate in the past, says The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table [...]

Food Riots, Tax Rebellions By 2012…Trend forecaster, renowned for being accurate in the past, says The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table [...]

The credit crisis is slowly hitting credit card companies. One of these “credit companies” will be filing for bankruptcy, as many consumers are unable to make their payments. Any care to guess who is FIRST? American Express, hammered by the credit crisis, says it will slash 7,000 jobs as part of a drastic cost-cutting initiative.