A computer hacker has breached security at the European Central Bank and stolen information from a public website, an attack which emerged only after officials at the ECB received a blackmail email demanding money in return for the data stolen.
German authorities have uncovered a price-fixing cartel among some of the country’s best-known sausage makers, claiming food manufacturers colluded for decades to rig the price of “Wurst” and related products. According to the Financial Times, Germany’s Federal Cartel Authority will
John Gapper in a Financial Times article titled “US Banks Will Pay Dearly For Their Failure To Modernize” warns that the United States banking system is failing to modernize and is actually falling behind England, India, and Africa, as the
Jean-Claude Juncker has demanded Britain send a woman to be our next European Commissioner, replacing Baroness (Cathy) Ashton, whose term has ended. The soon-to-be-installed President of the European Commission made the demand as he wants half of his cabinet to
From the Financial Times: It is not a corporation and does not have shareholders, but the military success and brutality of the jihadi group surging through Iraq have been recorded with the level of precision often reserved for company accounts.
The European Commission has borrowed €500m (£400m) in the capital markets to lend on to Ukraine, part of a €1.6bn (£1.3bn) programme of so-called Macro-Financial Assistance (MFA) which is meant to draw the former Soviet bloc country closer into the
A column in the paper of record for the globalist “Party of Davos” argues that a Hillary Clinton vs. Jeb Bush battle for the White House in 2016 will be a win-win for America. Writing in the Financial Times, Ed
IHS Consultants just published a report that lifting the U.S. oil export ban would cause U.S. crude oil production to rise by an average of 1.2 million barrels a day. The study argues that allowing crude oil exports would improve the fit
The debate between French economist Thomas Piketty and the Financial Times continued to play out last week, though it was overshadowed by VA news and the resignation of two administration figures. Here’s what you may have missed. Last Wednesday, FT
Tony Blair may now be looking for a top unelected position among the lushly-paid euro-elite. The former prime minister, who is said to be worth £70m from the business interests he has taken on since leaving Number 10, “offered his
Chancellor George Osborne, Shadow Chancellor Ed Balls and former Labour minister Peter Mandelson are among the attendees at this year’s Bilderberg conference, which kicks off today and runs until Sunday. Around 140 people from 22 countries have confirmed their attendance
In an email to Bloomberg News, French economist Thomas Piketty called the criticism of his work “just ridiculous.” Piketty had earlier offered a longer but somewhat nebulous response to Financial Times. The gist of it was that his argument was
French Socialist economist Thomas Piketty made a big splash in the U.S. recently with his book Capital in the Twenty-First Century. The 600-page tome argues that since the owners of capital end up with capital, it must be globally taxed
The Conservative party was braced for a difficult Sunday night amid expectations it will lose to the UK Independence party in the European elections. On Friday there was discomfort for Labour leader Ed Miliband, after Ukip took about one in five votes
On May 23, the left’s favorite new socialist-themed economics book was criticized in one of the world’s leading business newspapers. This sharp criticism caused both The New York Times and The Washington Post to rush to defend the book and criticize
Thomas Piketty’s “Capital in the Twenty-First Century” has been widely praised by the left for its conclusion that capitalism is driving wealth inequality to levels not seen in over 100 years. Financial Times did some checking on the underlying data
Front National candidate Jean-Marie Le Pen suggested this week that France’s immigration problems could be “solved in three months” by “Monsieur Ebola,” suggesting that an outbreak of the deadly disease would reduce the immigrant population in the country. According to
Anybody who knows the French right-wing knows it has never been anything like the American right-wing — at least, not until now. In an interview on Monday with the Financial Times, Marine Le Pen, leader of the French right-wing Front
Financial Times sent shock waves through the U.S. business community last week when headlines announced that China will overtake the United States as the “world’s leading economic power this year,” a title we’ve held since we passed England in 1872.
A secret memo has been passed around top members of the coalition, including the Prime Minister and his deputy Nick Clegg, outlining what kind of political heavyweight needs to be appointed as Britain’s next European Commissioner. The Number 10 memo
Margaret Thatcher famously commented on the European welfare state spending, “The problem with socialism is that eventually you run out of other people’s money” to spend. European elites are panicking over a report in the Financial Times of London titled
Last October, Michelle Malkin blogged on the progressive P-20 agenda in response to Oregon’s controversial Teaching from Birth to Graduate School. This was about the collection of student data through the state longitudinal database system (SLDS). This system is set
In addition to going all-in for amnesty legislation in Congress, Silicon Valley companies are getting more creative in their efforts to import more foreign workers. The Financial Times noted that in “booming” Silicon Valley, “engineers are in high demand but
As I traveled back from the EU this weekend, a story in the Financial Times about the unrealized losses that the Fed has generated on its vast portfolio of U.S. Treasury and Mortgage Backed Securities (MBS) caught my eye. These losses, contrary
