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Lax Controls at HSBC Led to Money Laundering, Senate Probe Says

Posted July 17th, 2012 at 1:40 am (UTC-5)
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A U.S. Senate investigation has found poor controls at the global bank HSBC allowed Mexican drug traffickers and other criminals to launder billions of dollars into the United States. A report released before a Senate hearing on the matter Tuesday said the London-based bank also did business with firms linked to terrorism and bypassed U.S. […]

Tags: , , Posted in US

Nobel Laureates to Receive Less Money

Posted June 11th, 2012 at 12:50 pm (UTC-5)
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This year’s Nobel prize winner will receive 20 percent less prize money than past winners. The Nobel Foundation announced Monday that it is decreasing the winners’ purse to $1.12 million because of the global economic crisis. Past winners received $1.40 million. The capital that forms the base for the awards was donated in the will […]

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Indiana Discovers $300 Million in Tax Revenue

Posted December 6th, 2011 at 10:10 pm (UTC-5)
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The governor of Indiana says the state has unexpectedly found nearly $300 million of tax revenue, adding to the state’s surplus after a series of stringent budget cuts. Governor Mitch Daniels, a Republican, said Tuesday the money came from businesses using an “e-Check” online payment system. He said since 2007, the money has been collected, […]

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