No famine has ever taken place in the history of the world in a functioning democracy.
-Nobel Prize winning Economist Amartya Sen
The Tax Office is combing through the transaction records of more than 3600 people suspected of using offshore credit cards to return money from tax havens, as part of a secret three-year investigation Tax Office to stamp out credit card rorts
Eye on Politics & Law Lords: Corporate Corruption
Recently former Tyco CEO Dennis Kozlowski was convicted for stealing hundreds of millions of dollars from the company.
It was his second go-round in court--the first one ended in a mistrial. You may remember Mr. Kozlowski from the original trial. A video of his lavish party on an Italian island, allegedly paid for with company funds, was last year's high profile corporate scandal. The retrial was a more low-key affair, but it served to remind us of how much business corruption there has been over the past few years.
• If You Have to Lie, Cheat, and Steal You're Just Not Doing it Right [Center for Democracy and Technology ; Making Sense of Disempowerment ; Parents without custody to be given bigger say ]
• · In Tom Wolfe's book, Bonfire of the Vanities, the wife of the central character tries to explain to her child what Daddy, a Wall Street bond trader, does: Just imagine that a bond is a slice of cake, and you didn't bake the cake, but every time you hand somebody a slice of the cake a tiny little bit comes off, like a little crumb, and you can keep that. If you pass around enough slices of cake, then pretty soon you have enough crumbs to make a gigantic cake Magpies get fat as pollies slice cake ; This is the model for the future Movement politics ; Political donations to candidates in council elections should be banned to ensure the community has confidence in local government Developers call for ban on donations
• · · Tim Bristow: It has all the ingredients of a uniquely Sydney soap opera: the dead underworld figure, his two lovers (one a glamorous tennis champion, the other a respected psychiatrist), a marriage of convenience, a love child who grew up to become an Olympic hopeful and a feud over an estate Trysts and turns of a Sydney identity ; Kerry Whelan Whelan nanny tells of Burrell visit
• · · · The Premier, Morris Iemma, has thrown out interstate parole arrangements, announcing that no convicted pedophiles from other states who are released on parole will be able to live in NSW Iemma's pedophile decree angers west ; Just how far can a good religious joke go?
• · · · · All the drama of housing prices boils down to a financial fantasy story Boom, crash: it's a property opera ; An open economy, a closed society
• · · · · · Grand rhetoric about democracy and freedom only resonates when it is supported by actual policy Why the US should ditch its tyrant friends ; A debt collection agency that caused people to be turned down for home loans because of old telephone bills that were in dispute, or not owed, will be made to reimburse consumers' legal costs and set up a complaint hotline Now debt collector may owe consumers