WikiLeaks came to the attention of the whole world after several U.S. secret documents were released by the online Web site. WikiLeaks founder Julian Assange holed up in Ecuadorian embassy in London his anti-secrecy Internet site is facing financial trouble according to some reports on the Internet. When Assange revealed classified U.S. secret documents obtained […]
Month: August 2013
U.K. regulators choose a new operator for Libor after the scandal
A scandal that found banks rigged Libor rates to increase their trading profits brought the internationally used little known but widely used interest rate measure to the limelight. The London Interbank Offered Rate (Libor) is the average interest rate estimated by London banks to charge to each other for borrowing. Rates are published daily and […]
Detroit, the largest city to date to file for bankruptcy
On July 18, 2013, the City of Detroit filed for Chapter 9 bankruptcy. It is the largest municipality in the U.S. history to file for bankruptcy. The filing also significant because its debt estimated at $18 to 20 billion, way more than the bankruptcy filing by the Jefferson County, Alabama in 2011 at $4 billion. […]
The Difference between a License Suspension and a Revocation
It’s always nerve-wracking when you see those red and blue swirling lights in the rearview mirror, especially if you know you had a little too much to drink before getting behind the wheel. When you meet with your drunk driving lawyer, it’s important to know what questions to ask. One of the most common questions […]
Billionaire Jeff Bezos buying the Washington Post
On August 5, 2013, the Web, print media and air waves dominated the news of billionaire Jeff Bezos of Amazon is spending $250 million of his own money to buy the Washington Post. The Post as many call it is faced with dwindling subscriptions and ever decreasing revenue. Within the last five years its revenue […]