Demagaga

Dell Computer, once a titan of the PC industry in the 1990s, is rumored to be considering a private buyout that would take the corporation into the realm of private equity and allow it to reconfigure itself for future markets without the scrutiny of shareholders. Rather than face the fate of RIM or HP, both [...]

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Germany wants gold that it stores in France and the United States returned to it, according to reports. The Bundesbank’s total gold holdings top $200 billion in value, representing 3400 tons of gold. 1,500 tons of gold are stored in the vaults of the Federal Reserve Bank in New York City, and 450 tons with the Bank [...]

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Shortly after announcing the purchase of one of the largest film franchises in history, rumors have surfaced that Walt Disney is pondering cutbacks in staffing and expenses in order to turn around the situation at its unprofitable namesake studio division. Walt Disney increased earnings by 18 percent to $5.7 billion in its 2012 fiscal year [...]

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HSBC Holdings, Europe’s largest bank, has expressed concerns that fines from its money laundering scandal in the United States could top $1.5 billion after a report from the US congressional Permanent Subcommittee on Investigations found that the bank had a culture of corruption and complicity in narcotics funds trafficking. [Reuters UK]

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Already under fire for previous allegations of money laundering for terrorist and drug trafficking organizations, a new scandal has emerged for beleaguered HSBC Bank, a firm founded long ago by British opium merchants during the British imperial era in Hong Kong. [Global Research]

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Two of the defense industry’s largest European concerns, EADS (owner of Airbus) and BAE are rumored to be in discussions about a merger between the two companies. Such a merger would create a defense firm larger than American companies Boeing and Lockheed but the proposal to unite the two is fraught with political concerns on [...]

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The Hurun Rich List in the People’s Republic of China (PRC) reports that the number of Chinese billionaires has decreased this year with only 251 people making the list while 271 were on it last year. In 2006 only 15 billionaires were on the Hurun Rich List but this year marks the first time in [...]

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Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Politics, money, and power are three concepts typically associated together, particularly with regard to the American political system. Often cited by critics as one of the main democratic deficiencies of the American political system, the convenient marriage of money and power [...]

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The move is widely considered an economic catastrophe for Argentina but the nationalization of former state oil enterprise YPF, a hallowed mark in Argentina, will not only address energy and cash shortages but may also shore up the president’s popularity. Yet, many find this most recent move by Cristina Fernández disturbing because, like Venezuelan President Hugo Chávez, [...]

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Over half of all youth in Spain are unemployed, raising anew concerns that Spain’s economic woes may lead to a ‘lost generation.’ Unemployed youth in Spain hit 51.4% in December 2011, double the European Union average while the national unemployment rate was at 22.85%, its highest level in 17 years and according the The Telegraph, [...]

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