Business and Economics

These areas are not very exciting, just very important. Business men can do it. Those who can't are economists, the ones who tell their betters how to run their lives. That is why I put business before economists; they are the dangerous ones. Actually big business can be evil too.

The Koch Brothers
Are seriously rich, libertarians & hated.

 

US trade deficit widens in August to $59 billion [ 14 October 2005 ]
George Bush is spending money like it going out of fashion. So are Americans. It going out of fashion for that reason.

 

The IMF Has Lost Its Influence [ 12 October 2005 ]
The International Monetary Fund had power and it could screw the peasants into the ground. They did it once too often. The Argies told them to go to the Devil and that was them under control. The Argies are even sorting themselves by ignoring the IMF demands.

 

The American Economy is Destroying Itself [ 26 August 2005 ]
Accountants and managers are driving jobs offshore and with them the men who have the background to innovate. Innovation from offshore means the death of the goose that lays the golden egg and keeps accountants off the dole queue. Thus quoth a real economist.

 

Killing the dollar in Iran [ 26 August 2005 ]
George and his peculiar friends are leaning on Iran. If they stop trading oil in dollars it will save a lot of money worldwide and hurt America. Other commodities could be traded in Euros too. Saddam Hussein was going down this road then the Americans invaded. Cause and effect?

 

KPMG Auditors Did Not Notice Rolls-Royce Bribery [ 24 January 2017 ]
QUOTE
The accountancy giant that signed off Rolls-Royce accounts while it bribed its way around the world is now facing its own investigation. KPMG was the auditor for Rolls-Royce during almost all of the 24-year period in which employees secretly paid off middlemen and officials in 11 developing countries to win lucrative business.

Last week Rolls agreed to pay 671-million in total to UK, US and Brazilian authorities to settle the allegations of bribery, false accounting and corruption from 1989 to 2013 in countries including Russia, Iraq and China..........

Rolls-Royce is thought to have made around 250 million from the corrupt deals over which it has agreed to an 497.25-million settlement with the Serious Fraud Office (SO).
UNQUOTE
This shows that audits are pretty much a waste of time. Recall that Arthur Andersen auditors didn't notice that Enron [ the Crooked E ] was indulging in multigigabuck fraud. They disappeared just like Enron.

 

HBOS Banker Stole 245 Million [31 January 2017 ]
It was with a little help from his friends. They had lotsa fun spending it. You might wonder from the mugshots how they ever got off the dole queue.

 


Ludwig von Mises Institute
There are two kinds of economists, Austrian and rubbish. Ludwig was an Austrian economist. Worth a look sometimes.

 

Spice Trade
The spice trade was interesting, stimulating, challenging, exciting, dangerous, an excuse for murder, invasions, fraud and very profitable for the lucky, vigorous, unscrupulous or lucky.

 

Errors & omissions, broken links, cock ups, over-emphasis, malice [ real or imaginary ] or whatever; if you find any I am open to comment.

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Updated  on  Tuesday, 07 February 2017 20:51:46