To an average person, the current global economic situation can be summed up in one word: Confusing. With constant problems in an assortment of countries including bailouts, borrowing continue...
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There It Is: US Debt Reaches $50,000 Per Citizen |
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Written by Mr. Barrella
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Wednesday, 18 April 2012 14:54 |
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 The milestones continue to fall as the U.S. national debt soars ever skyward. Today at approximately 10:46 AM EST, according to usdebtclock.org, the debt reached $50,000 for each and every US citizen.
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A Solution to Financing Lawsuits |
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Written by Roshun Patel
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Thursday, 12 April 2012 19:16 |
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A relatively novel phenomenon, the practice of investing in litigation, has garnered popularity over the past few years. Currently, firms such as Juridica Capital Management run funds that invest in lawsuits in exchange for a share of the awards.
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Allen Stanford Hits an All Time Low |
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Written by Roshun Patel
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Thursday, 22 March 2012 00:53 |
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On February 17, 2009, Allen Stanford of Stanford International Bank Ltd was charged by the SEC with fraud and multiple violations of U.S. securities laws for running an approximated $7 billion Ponzi scheme. On March 6, 2012, Stanford was convicted on all charges except a single count of wire fraud. However, today, Stanford has asked for a new trial because U.S. District Judge David Hittner let reporters send Twitter messages from the courtroom. This last resort act represents a new low for crooked financiers.
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The "Structured Investment Machine" |
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Written by Roshun Patel
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Saturday, 21 January 2012 22:40 |
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Feeling inspired by The Smartest Guys in The Room, the classic documentary about the Enron collapse, I created the Structured Investment Machine. Think of it as a Structured Investment Vehicle, only better! NOTE: Don't try this at home.
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Recession or Slow Growth? NYU's Spence Speaks |
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Written by Roshun Patel
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Sunday, 25 September 2011 02:51 |
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Michael Spence, Nobel Laureate and professor at the NYU Stern School of Business, offered his two cents on the current global economic situation. Unlike fellow professor Nouriel Roubini (aka Dr. Doom), who has recently been discussing the inevitable occurrence and magnitude of another recession, Spence takes a slightly more optimistic approach on the issue.
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