Archive | January 2014

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Krebs Daily Briefing 31 January 2014

International U.S. Aid to Afghans Flows On Despite Warnings of Misuse KABUL, Afghanistan — With billions of dollars in American aid increasingly flowing straight into Afghan government coffers, the United States hired two global auditing firms three years ago to determine whether Afghanistan could be trusted to safeguard the money. The findings were so dire […]

Krebs Daily Briefing 30 January 2014

International The Danish Government Nearly Collapsed Today Over A Deal With Goldman Sachs Denmark’s government is in turmoil after a socialist party quit the ruling coalition over a deal with Goldman Sachs, Richard Milne of The Financial Times reports. The deal involves Goldman purchasing a 19% stake in state-owned utility Dong Energy for $1.5 billion. […]

Krebs Daily Briefing 29 January 2014

International Turkey Crisis Puts Jailed Millionaire at Heart of Gold Trail To catch a glimpse of the former life of Riza Sarraf, flip through the celebrity columns of Turkey’s newspapers. Here he is, as a fluttering tarpaulin reveals a $72 million villa on Istanbul’s waterfront, a present for his pop-star wife, Ebru Gundes. Here he […]

Krebs Daily Briefing 28 January 2014

International The General Rises CAIRO — The choreographed dance of Egypt’s military-orchestrated politics inched closer to its climax on Monday, Jan. 27, as the country’s popular army chief, Abdel Fattah el-Sisi, moved a step closer to announcing his candidacy for president. On the official level, Sisi’s grasp over Egyptian politics seems stronger than ever. Interim […]

Krebs Daily Briefing 27 January 2014

International Looming $500 Million Default to Test China’s Banking System The doomed 3 billion yuan ($500 million) trust — cheerfully named Credit Equals Gold #1 Collective Trust Product — is expected to go belly up at the end of January, the victim of a soured loan to a troubled coal mining company. The trust, which […]