Archive | January 2014
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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 […]
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. […]
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 […]
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 […]
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 […]