The Federal Reserve is faced with the task of having to explain to its customers (essentially all the world’s banks) how funds earned by millions of poor Bangladeshi workers, were so readily stolenBeing a bank robber is bad for the soul in more ways than one.
Imagine your plans are successful. How do you sleep if you believe there’s nowhere safe to stash your ill-gotten gains?
Other people’s worries, best ignored perhaps, other than as a useful plot device for novels and films.
Except that, in the case of the Philippines-based hackers who stole $100m of the Bangladesh Bank’s money from the Federal Reserve in New York last month, it turns out to be everybody’s problem.READ MORE
When it comes to the world of finance, few people remember to ask the simple questionsAnother January, another Davos.
Another Oxfam report timed to coincide with the annual World Economic Forum jamboree in Switzerland highlighting the ever-narrowing concentration of global wealth. The report estimates the net worth of the world’s richest 62 billionaires to be some $1.76 trillion … give or take.READ MORE
The world needs to wake up and start holding the Saudi royal family to accountEveryone expects this week’s visit by Bangladesh’s foreign minister to Saudi Arabia to be dominated by discussions of the estimated one million Bangladeshi migrant workers in the Kingdom.
This is no surprise. As a major source of remittances for Bangladesh and invaluable supply of cheap labour for the oil-rich state, their future and welfare are naturally of mutual interest.READ MORE
Intolerance and sectarianism are the real enemy. They must be defeated and overcome everywhereIs there anything one can say about Friday’s sickening terrorist attacks on the people of Paris, that has not already been said?
Many times. Repeatedly.
The attacks on Paris are an attack on us all. It is natural to feel numb and revolted. Terrorists, irrespective of their creed, ideology, race, or religion, have no place in civilised society. IS and soulmates like al-Qaeda represent neither Islam nor a state, but are nihilistic death cults seeking to sow division, incite hatred, and spread panic.
All true, but we have been here before.READ MORE