The creation of an International Anti-Corruption Court would hold leaders accountable...
.In too many nations, corruption is endemic at the highest levels of government. Then-U.N. Secretary General Kofi Annan was correct in characterizing such behavior as an “insidious plague” in his 2003 statementupon the adoption of the U.N. Convention Against Corruption.
Corruption is extraordinarily costly, consuming more than 5 percent of the global gross domestic product. Developing regions lose more than 10 times in illicit financial flows than what they receive in foreign aid. Russia’s corruption-fueled “shadow economy” makes up an estimated 44 percent of its GDP.
Corrupt governments also often provide havens for international criminals, including drug lords in Mexico and terrorists in countries such as Afghanistan and Yemen.
Nevertheless, the most serious consequence of grand corruption is that it destroys democracy and devastates the human rights that governments are constituted to protect. Countries recognized as among the world’s most corrupt — including Somalia, Afghanistan, Sudan, Iraq and Syria — repeatedly violate the human rights of their citizens. The poor and powerless are victims of corrupt regimes throughout the world.
BEIJING, China - Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.China's food safety agency said on its website that its investigators found unspecified illegal activity by Husi Food Co. but gave no confirmation expired meat had been found or other details.Some of the illegal conduct was an "arrangement organized by the company," the deputy director of the agency's Shanghai bureau, Gu Zhenghua, told the official Xinhua News Agency.Those in criminal detention include Husi's quality manager, the Shanghai police department said on its microblog account. The one-sentence statement gave no details of possible charges or the employees' identities.The scandal surrounding Husi, which is owned by OSI Group of Aurora, Illinois, has alarmed Chinese diners and disrupted operations for fast food chains.It erupted Sunday when a Shanghai broadcaster, Dragon TV, reported that Husi repackaged old beef and chicken and put new expiration dates on them.
* Meat supplier shut down after safety violations exposed * TV footage shows workers picking up meat from floor * Yum, McDonald's warn of potential China product shortfalls * Incident highlights broader Ch...
My CBPP colleague Chuck Marr flags something important from a recent press release by Rep. Dave Camp, the Republican Chair of the tax writing committee in the House. In just a few words, the Congressman manages to make some truly scary assertions....
A country made up mostly of good, intelligent, kindhearted people is letting a small but noisy part of the populace paint an entirely different face for the world to see, a face that sneers at reason and science, and eschews kindness for righteous indignation. With the voracious 24-hour news cycle and the reach of social media, these people are making us the embarrassing relative that causes the other nations at the dinner table to shake their heads.
"Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly. – Martin Luther King, Jr. “Letter from Birmingham Jail” April 16, 1963
Those searing words are as apt today as they were a half century ago. We have not lived fully if we have not done our part to fight injustice."
Aaron Foss thinks he may have built a better mousetrap when it comes to ending all those scam calls that ring up your landline. The 36-year-old contract programmer split a $50,000 prize in a crowdsourcing competition staged by the FTC -- you know, th...
A Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6 billion in U.S. income taxes over 14 years through transactions with Barclays Plc and Deutsche Bank AG, a Senate committee said.
The hedge fund used contracts with the banks to establish the “fiction” that it wasn’t the owner of thousands of stocks traded each day, said Senator Carl Levin, a Michigan Democrat and chairman of the Permanent Subcommittee on Investigations. The maneuver sought to transform profits from rapid trading into long-term capital gains taxed at a lower rate, he said.
“It meant enormous profit for both the banks and the hedge funds,” Levin told reporters yesterday in Washington. “Ordinary Americans had to shoulder a tax burden of billions of dollars, a burden that was shrugged off by those hedge funds.”
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The panel urged the Internal Revenue Service to collect taxes from the fund’s investors at the higher rate that Americans pay on wages and salaries. It said Congress should remove legal obstacles to audits of hedge funds and other large partnerships, whose returns the committee said are rarely questioned.
The United States in the only country in the world that recognizes corporations as persons. It's a so-called "legal fiction" that's meant to uphold the rights of groups and to smooth business processes.
No law has done more to reform health insurance and protect consumers against the industry's most heinous practices than the Affordable Care Act. But Obamacare didn't magically transform insurers into benevolent entities solely devoted to taking care...
"The pervasive oppression of women and girls is humanity’s greatest travesty.
Consider these facts:
One out of every three women will be a victim of violence in her lifetime.Homicide is a leading cause of death for pregnant women.Women and girls ages 15 to 44 are more likely to be maimed or killed by men than by malaria, cancer, war or traffic accidents combined.The children most at risk of attempted abduction by strangers are girls ages 10 to 14, many on their way to or from school.Every year, 60 million girls are sexually assaulted at or on their way to school.In some parts of the world a girl is more likely to be raped than to learn how to read.Only about one third of countries around the world have laws in place to combat violence against women, and in most of these countries those laws are not enforced.Every 2 minutes, someone in the U.S. is sexually assaulted.97% of rapists will never spend a day in jail."
The Securities and Exchange Commission (SEC) charged a company cofounded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business.
Paul Pelosi Jr., the son of House Minority Leader Nancy Pelosi (D., Calif.), was the president and chief operating officer of Natural Blue Resources Inc., an investment company he cofounded that focuses on “environmentally-friendly” ventures.
The SEC charged four individuals with fraud, including former New Mexico Gov. Toney Anaya, and suspended trading in the company’s stock. Pelosi owned over 10 million shares in the company in 2009.
The SEC said Wednesday the company was “secretly controlled” by James E. Cohen and Joseph Corazzi, both of whom had previous fraud convictions. Corazzi violated federal securities laws and was barred from acting as an officer or director of a public company. Cohen was previously incarcerated for financial fraud."