Tag Archives: Investors

Wall Street’s Dirty Lies

By Zach Carter, Media Consortium Blogger   Care2.com

Over the past thirty years, Wall Street has waged a steady war against governments around the globe, convincing policymakers of various ideological stripes that whatever raises profits for bankers and traders will be good for the rest of society. It’s a very simple and appealing portrait of how the world works. Unfortunately, it’s completely wrong.

Profiting from hunger

In an interview with AlterNet’s Terrence McNally, economic luminary Raj Patel explains the connection between widespread global poverty and wild Wall Street profits. Markets are defined by a set of rules—if those rules completely disregard social welfare, then the participants in those markets will ignore them as well. When traders can make a quick buck speculating on the price of rice, they will, even if that speculation drives up the price of a basic necessity and makes people go hungry.

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Water-Gulping Companies’ Risk Disclosures Run Dry: Report

PlanetArk Date: 12-Feb-10
Country: US
Author: Timothy Gardner

WASHINGTON – Most publicly traded companies that depend on water do not adequately disclose their financial risks to droughts and future regulations, even as water scarcity problems mount, according to a report released on Thursday.

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