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Bernard Madoff

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The battle between secular India and Bharat

  A left-leaning centralised socialist model has created a shortage/entitlement economy. In fact one of the reasons for India's limited progress is that post-independent India is at odds with......

BRICS bank: A giant step towards reforming the world system

The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual......

Indian-American to lead prosecution of Shahzad

India-born US Federal Attorney Preet Bharara, spearheading the prosecution of 9/11 mastermind Khalid Sheikh Mohammed, now has another high-profile terrorism case in his hands -- the Times Square......

Few scandalous biz tycoons who made it big, ran it and got screwed

Has business become more immoral than before? Perhaps not; it’s just being exposed more often because of tighter laws and the spread of information technology, says Kanika Datta. There are......

Why we should not blindly trust the US dollar

The fact that the US dollar has become the world’s preferred reserve currency is now the core of global financial crisis, says Mohan Guruswamy. Image: The US government and its even......

JP Morgan Chase CEO Jamie Dimon has throat cancer

JP Morgan Chase Chief Executive Jamie Dimon said he has been diagnosed with throat cancer but his condition is curable and will soon begin treatment while continuing to be "actively involved"......

JP Morgan Chase to pay $1.7 bn in penalties for Madoff ties

The US prosecutors have secured a whopping $1.7 billion penalty from banking giant J P Morgan, which has been criminally charged for ignoring warning signs of Bernard Madoff's massive Ponzi scheme......

Marc Rich, 'King of Oil', dies at 78

Billionaire Marc Rich, who invented oil trading and was pardoned by President Bill Clinton over tax evasion, racketeering and busting sanctions with Iran, died on Wednesday in Switzerland aged......

US charges Allen Stanford with 'massive' fraud

Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped down on his US headquarters. In a civil complaint filed in......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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