The Chongqing Model The Fall of Bo Xilai Trial of Bo Xilai’s Aide Begins in PRC [Wall Street Journal]
Read MoreThe board of the IMF expressed its confidence in Managing Director Christine Lagarde after the launch of a French inquiry into alleged abuses of power. Ms. Lagarde took over the IMF in 2011 and her office denies any wrongdoing. In 2007, Lagarde was involved in a dispute with French businessman Bernard Tapie and the bank […]
Read MoreTensions were high between the royal family of Belgium and the government of Prime Minister Di Rupo after his criticism of an inheritance scheme that Queen Fabiola is implementing that Di Rupo says avoids taxes. Because of Queen Fabiola’s actions, the Prime Minister has proposed reform for the $20 million annual allowance paid out by the state […]
Read MoreAustralia’s oldest and most prestigious Catholic university, St. John’s, is at the center of a scandal after hazing during an initiation ritual by students led to a young girl’s death. Instead of reform, many critics think the college is descending ever further into a culture of anarchy and debauchery. [The Sydney Morning Herald]
Read MoreRussian Federation President Vladimir Putin has dismissed his defense chief, Anatoly Serdyukov, in a surprise sacking that has shocked Kremlin watchers and placed the nation’s most radical, and some would say much-needed, military reforms in peril. The firing comes as a shock because it was widely held that Serdyukov’s reforms, some of which were not […]
Read MoreAlready 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]
Read MoreSean Quinn was taken from Dublin High Court to prison to begin his 9-week detention for contempt of court, calling the ongoing legal battle with IBRC, the former Anglo Irish Bank, as a ‘charade.’ “They took all my money, my company, put my son in jail, put me in jail and they have proven nothing’” [BBC]
Read MoreThe former police chief of Chongqing, Wang Lijun, connected to the once-powerful Bo Xilai, was sentenced to 15 years in prison by a Chinese court in Chengdu because of his involvement in the Bo Xilai scandal that has rocked the PRC’s political establishment since it emerged that Bo’s wife, Gu Kailai, was responsible for the […]
Read MoreWang Lijun’s trial begins in Chengdu in what is perhaps the denouement of the Bo Xilai drama that has captivated China and the world since revelations that Bo’s wife Gu Kailai poisoned British national Charles Heywood. The trial is focusing on charges of corruption among others, the gravest penalty for which could be the death […]
Read MoreThe Bo Xilai case has brought to the forefront China’s unique model of economic development; namely, the political scandal has exposed to the world the very different philosophical strains driving Chinese politics, a stark contrast to the heretofore monolithic image the Chinese Communist Party has managed to present thus far. State-directed development influenced by socialist […]
Read More