Detroit's formal bankruptcy this week showed not just how a once mighty city can fail, but how nothing is safe from the debt collectors and the solemn promises politicians once made, Neil Macdonald writes.
Ever wondered just how rich the richest world leaders really are? To put it in perspective, President Obama may be worth several million dollars, but he does not even come close to some of contemporaries.
It's like telling your mother, "How dare you call me an irresponsible driver! More than half of your car is totally not crashed into a tree!" Mom wouldn't accept that sorry logic, and neither should America.
Canadian universities aren’t doing enough to protect academic freedom and safeguard against conflicts of interest in research agreements with industry, argues a new report from an academic association. But the leader of one applied research collaboration says the findings are misguided.
“In their drive to attract new revenues by collaborating with corporations, donors, and governments, Canadian universities are entering into agreements that … sacrifice fundamental academic principles,” the Canadian Association of University Teachers (CAUT) concluded, according to a press release, in the report released last week, which examined a dozen university-industry agreements. Many, it found, failed to protect researchers’ ability to publish freely, while just one spelled out rules for disclosing conflicts of interest.
German research institutions have accepted more than $10 million in contracts from the Pentagon since 2000 to cover seemingly benign topics like congenital tumors. But it appears some of these projects also have controversial military applications.
AMSTERDAM - The European Commission has fined a group of major global banks a total of 1.7 billion euros ($2.3 billion) for colluding to profit from the manipulation of key interest rates.
The banks that received fines, which include JPMorgan, Citigroup and Deutsche Bank, are accused of manipulating for years European and Japanese benchmark interest rates that affect hundreds of billions of dollars in contracts globally, from mortgages to credit card bills.
Switzerland's UBS bank escaped a whopping 2.5 billion-euro fine only because it informed the Commission, the EU's executive arm, of a cartel's existence and co-operated with the subsequent investigation.
"We want to send a clear message that we are determined to find and punish these cartels," competition commissioner Joaquin Almunia said Wednesday.
At the first Thanksgiving, there was no expression of the sentiment: “I built this feast by myself.” Native Americans sat side by side with pilgrims – religious leader by huntsman, chief by planter. They shared the bounty they’d all worked to create.
This Thanksgiving will be very different for too many American workers. They won’t share in the bounty they helped create. The perfect symbol of that is an Ohio Walmart placing bins in an employee-only area asking low-paid workers to donate Thanksgiving food to their low-paid colleagues.
The six Waltons who own Walmart are the richest family in the world. They’re worth $102.7 billion, more than America’s poorest 49 million families put together. The Waltons’ turkeys will be served with gold leaf on gold platters. By private chefs. On very, very private estates. There won’t be any Walmart greeters or cashiers or stock boys sitting side by side with Waltons at their opulent celebration of bounty. Meantime, the Waltons pay such poverty wages that Walmart workers can’t afford their own Thanksgiving meals. The Walton heirs’ gluttonous, aristocratic attitude betrays the promise of the New World
Each year, foreign agricultural corporations deprive thousands of Cambodian farmers of their fields -- with the government's help. Human rights groups claim German taxpayer money is used to fund a program that benefits land grabbers.
Fox blames Obamacare for fictional layoffs at Cleveland clinic.
Fox News reported that the Cleveland Clinic was instituting "massive layoffs" due to the implementation of the Affordable Care Act, but when asked about the reports, a Clinic spokesperson told Media Matters, "We're not."
On November 25, The Daily Caller published an article titled, "Top U.S. hospital laying off staff due to Obamacare." On Fox Business' Markets Now, host Connell McShane reported on the "massive layoffs."America's Newsroom host Bill Hemmer claimed that the Cleveland Clinic was going to "shed workers." Later, during the America's News HQ, Fox reporter Chris Stirewalt claimed that the layoffs "rocked the community there in northeastern Ohio."
But there's one problem: the Cleveland Clinic is not laying off any employees. Eileen Sheil, Cleveland Clinic's Executive Director of Corporate Communications, said in an e-mail to Media Matters, "There have been several mis-reports and they keep mentioning that we're laying off 3,000 employees. We're not." Sheil explained that Cleveland Clinic is offering voluntary retirement to 3,000 eligible employees and that the Clinic is also "working on many initiatives to lower costs, drive efficiencies, reduce duplication of services across our system and provide quality care to our patients." Sheil continued, "Many of these initiatives do not impact our employees."