BONN -- White-collar crime continues to reinvent itself in newer and ever more devastating ways. In a recent such case in Germany, socialism presents itself again the foe of all financial institutions and wealth.
One female bank employee in her 60s laundered more than $11 million from the accounts of wealthy clients to their less affluent counterparts. The resulting overdrafts caused the bank losses in over $1.5 million, on top of the millions stolen from the wealthy.
The communist "Robin Hood" approach to wealth distribution is just not applicable in real life, argues the World Trade Foundation (WTF). Traditional economics dictates that equal distribution of wealth would terminate all trade, eliminating the principal source of positive relations in the world of foreign policy.
The WTF firmly believes that this woman's breach of wealthy, deserving clients' trust should be punished thoroughly to discourage any such happenings in the future. The Foundation was disgusted to learn that the employee will simply be fired and served a 22-month suspended sentence.
Related reading: http://news.bbc.co.uk/2/hi/europe/8376532.stm
Tuesday, November 24, 2009
Thursday, October 22, 2009
Eastwood in Eastern Europe
TBILISI -- How do you create a historic movie about an event to which there are two stories? Clint Eastwood's solution of creating two movies (such as his Flags of our Fathers and Letters from Iwo Jima) makes a strong case. At least so it seems in Eastern Europe, where plans are taking place for the filming of two movies about the war in Georgia in the summer of 2008.
Hollywood is shooting for its version of the film, starring Andy Garcia as President Saakashvili (see left), potrayed from the Georgian perspective while Serbian director Emir Kusturica plans to create his own film, from the South Ossetian perspective. Thus, the filmmakers are in essence putting the two sides of the story into the mainstream as their version of history.
The World Trade Foundation (WTF) recognizes the lucrativeness of this opportunity. Firstly, the duality of the movies represents a larger amount of spending and production in the film industry worldwide. But the real growth opportunities stemming from this move are in fact the opportunities devised from adding duality to history.
If history was always written in duality, news media, textbook publishers and historians would bask in the amount of new content needed to be produced. The WTF encourages the public not to protest or halt this trend, as the loss in the slightly obscured public knowledge of history and the world today would be greatly overshadowed by the large and sustainable gains available by adding each new version of history.
Related reading: http://news.bbc.co.uk/2/hi/europe/8316018.stm
Image source: BBC News
The World Trade Foundation (WTF) recognizes the lucrativeness of this opportunity. Firstly, the duality of the movies represents a larger amount of spending and production in the film industry worldwide. But the real growth opportunities stemming from this move are in fact the opportunities devised from adding duality to history.
If history was always written in duality, news media, textbook publishers and historians would bask in the amount of new content needed to be produced. The WTF encourages the public not to protest or halt this trend, as the loss in the slightly obscured public knowledge of history and the world today would be greatly overshadowed by the large and sustainable gains available by adding each new version of history.
Related reading: http://news.bbc.co.uk/2/hi/europe/8316018.stm
Image source: BBC News
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