This time Max Keiser and co-host, Stacy Herbert, report on the fake shop fronts making a "revived" economy in Northern England; the Chile quake causing Goldman Sachs's high frequency trading to lose 2.1 trades per day; and the mobs in Indonesia, a "revolution" in Ireland and online media preventing an orderly transfer of wealth. Keiser also speaks to investigative journalist, Greg Palast, about the RICO case against US bankers and politicians and about vulture funds preying on the Third and First world economies.
Keiser Report №23: Markets! Finance! Scandal!
Brazil announces increased tariffs on US goods
The Brazilian government has announced increased trade tariffs against a variety of American goods in response to illegal US subsidies to cotton farmers.
Brazil on Monday published a list of 100 US goods subject to import tariffs that will go into effect in 30 days, unless the two sides can reach an agreement.
Brazil to penalize US with higher tariffs
Brazil has subjected a number of US goods to higher tariffs to retaliate against Washington's move to unlawfully pay subsidies to the US cotton producers.
The World Trade Organization has authorized the South American country to impose levies as high as 14 and 100 percent on US imported goods.
AIG to sell overseas unit to MetLife
American International Group will sell an overseas unit to rival MetLife in a $15.5 billion deal which will help AIG pay back part of a government bailout.
MetLife will take over American Life Insurance Company (ALICO) for $6.8 billion in cash and $8.7 billion in MetLife stock, the two firms said in separate statements on Monday.
US to promote export of Internet gadgets despite sanctions
Despite US concerted efforts to impose tough sanctions on Iran, Washington says it will allow technology companies to export Internet services to Iran, Cuba and Sudan.
The move is a bid aimed at exploiting the libertarian potential of the three countries, The New York Times reported late Sunday.
US to push export of Internet gadgets despite sanctions
Despite US concerted efforts to impose tough sanctions on Iran, Washington says it will allow technology companies to export Internet services to Iran, Cuba and Sudan.
The move is a bid aimed at exploiting the libertarian potential of the three countries, The New York Times reported late Sunday.
Bailout saves Airbus military plane
The troubled Airbus A400 military aircraft has received a $5bn lifeline from European nations buying the plane. The heavy lift transport plane is already four years behind schedule and nearly $10bn over budget. The fate of the aircraft has been closely watched in the French city of Toulouse, home to Airbus headquarters where a quarter of all jobs depend on the aircraft giant. Al Jazeera's David Chater reports.
4 more US banks face closure
Four more banks have been shut down across the United States, bringing the number of bank failures in the country to 26 since January.
The banks, with over one billion dollars in assets, were closed by US bank regulators in the states of Florida, Illinois, Maryland and Utah.
US shed 36,000 jobs in February
The US Job market has seen 36,000 jobs lost in February, a sign indicative of apparently no recovery despite efforts made to gradually bring the ailing economy back on track.
However, the figure released on Friday by US Labor Department fell well short of the 67,000 estimated earlier for the month.
Keiser Report №22: Markets! Finance! Scandal!
This time Max Keiser and co-host, Stacy Herbert, look at the scandals behind: 'the owner of Great Britain' bouncing a $54 million check for a pile of dirt in the Persian Gulf; a currency speculator in Monaco moving currency markets with an 'accidental Jim Rogers press release' while Colonel Gaddafi calls for jihad against Switzerland and receives zero market impact; and Alan Greenspan wins major award for causing up global financial markets to explode. Keiser also talks to David degraw about his new book, "The Economic Elite versus the People of the United States of America."
More Articles...
- Economy 'improved' in most Fed regions
- US Army awards faulty KBR $2.8 bln contract
- Apple sues HTC over patent infringements
- Toyota US sales plunge
- Keiser Report №21: Markets! Finance! Scandal!
- Dollar falls against major currencies
- Toyota's role in US domestic politics
- China firm on suspending US ties
- US home sales drops to lowest level in 47 years
- Geithner: No change to Fannie, Freddie until 2011
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