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China’s central bank ‘looking into’ Bloomberg News scandal
China’s central bank, which manages the world’s largest foreign exchange reserves, is looking into a growing scandal over the access journalists at Bloomberg News had to potentially sensitive data, reports said Wednesday. The People’s Bank of China (PBoC) is the latest major financial organisation to examine the controversy involving the…
Ron Paul super PAC spent most of its money on non-campaign activities
The pro-Ron Paul group Revolution PAC spent 83 percent of its $1.2 million total fundraising haul on administrative costs and not on campaign activities, Bloomberg News revealed Tuesday. Bloomberg‘s report noted that Revolution PAC director Gary Franchi paid himself and his companies roughly $153,000, including money for the PAC’s rent.…
Analysis: Top CEO pay skyrocketed more than 20 percent in 2011
America’s best paid executives received raises of more than 20 percent in 2011 over the prior year, according to an analysis of CEO pay published by Bloomberg News. Bloomberg’s list, which examined Securities and Exchange Commission (SEC) data on the compensation of the 50 top earners in corporate America, found…
Internal email shows Corzine ordered funds transfer as MF Global collapsed
In a shocking new revelation concerning last fall’s collapse of New York brokerage firm MF Global, it has been learned that CEO Jon S. Corzine personally ordered the transfer of $200 million out of a customer fund to cover an overdraft at one of the firm’s own accounts with JPMorgan…
Study: Obama has regulated business less than Bush
As Republicans accuse President Barack Obama of regulating businesses right out of their ability to create jobs, a new study by Bloomberg News seems to have knocked their talking point down. The agency reported this week that President Obama has written even fewer business regulations than George W. Bush did…
SNL’s GOP Debate on Marriott TV
Did you know there was a GOP debate after the Bloomberg News one on Tuesday evening? According to Saturday Night Live, there was, as the “Marriott TV” GOP debate was held right after. Suffice to say, this probably will not have any impact on the race. WATCH: Video from NBC,…
New Hampshire targets December primary after Florida’s move
If you thought the race for the Republican presidential nomination was a fierce battle, it may not be as passionate as to which state hosts the first GOP primary election. A day after Florida made it official by moving its primary up, New Hampshire is now considering to hold their…
Senate approves $60 billion more for wars and aid — for just four months
The US Senate has passed a supplementary funding bill worth some 60 billion dollars to finance the conflict in Afghanistan and other key projects including aid to quake-hit Haiti. The measure approved late Thursday by a 67-28 margin offers 33 billion dollars to fund President Barack Obama’s surge of 30,000…
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