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The recent spate of accounting fraud scandals signals the end of an era. Disillusionment and disenchantment with American capitalism may yet lead to a tectonic ideological shift from laissez faire and self regulation to state intervention and regulation. This would be the reversal of a trend dating back to Thatcher in Britain and Reagan in the USA. It would also cast some fundamental – and way more ancient – tenets of free-marketry in grave doubt.

Markets are perceived as…

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On January 16, 2003, the European Court of Human Rights agreed – more than two years after the applications have been filed – to hear six cases filed by Chechens against Russia. The claimants accuse the Russian military of torture and indiscriminate killings. The Court has ruled in the past against the Russian Federation and awarded assorted plaintiffs thousands of euros per case in compensation.

As awareness of human rights increased, as their definition expanded and as new,…

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One of the more significant pieces of California legislation that went into effect on January 1, 2005, was AB 1825. This law requires employers with 50 or more employees to provide two hours of sexual harassment training and education to all supervisory employees by the end of 2005. It also mandates that these employees will receive sexual harassment training and education once every two years after January 1, 2006.

It is important to note that temporary employees,…

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Many movies have been made about the tragic story of the Titanic. Arrogance and ignorance was definitely present during its maiden voyage, which was Titanics last voyage.

Many warnings were given, but unfortunately, the warnings were not taken seriously. On April 14th, 1912 Titanic received six warnings that icebergs were present in their perimeter. On the night of April 14th, Titanic struck an iceberg and ultimately sank to the bottom of the Atlantic Ocean.

For other…

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Business always moves faster than government …

It’s no surprise that a great deal of lawmakers’ time is spent reacting to advances in commerce and science. It’s also no surprise that one of their favorite tactics is to call on their enforcement agencies to bring scrutiny against any topic about which they’re struggling to understand.

We’re now seeing this applied against at least two e-currency operations.

One of them, INT Gold, saw their head offices in Texas…