In Black Money, Frontline correspondent Lowell Bergman investigates this shadowy side of international business, shedding light on multinational companies that have routinely made secret payments — often referred to as black money — to win billions in business. The thing about black money is you can claim it’s being used for all kinds of things, the
Economics - Page 6
Black Money
I.O.U.S.A. – One Nation. Under Debt. In Stress.
As the average American can attest, personal debt is bad enough, but as Thomas Jefferson once cautioned, public debt is corruptive of the government and demoralizing of the nation. Patrick Creadon’s I.O.U.S.A. documents the efforts of two concerned citizens, former US Comptroller General Dave Walker and Concord Coalition Director Robert Bixby, to explain
Super Rich: The Greed Game
As the credit crunch bites and a global economic crisis threatens, Robert Peston reveals how the super-rich have made their fortunes, and the rest of us are picking up the bill. Robert Peston, the BBC’s Business Editor, speaks to some of the heavy hitters in hedge-fund and private equity scene. Along with the investment bankers, these are the very people who have been
Phantom Shares
There is a large portion of America’s middle class that turns to investments as a means of retirement. A lot of people like to keep tabs on stock they have invested in, or receive as benefits. Some might receive shares of a stock as an incentive to take care of the company they work for insuring they and the company are profitable. Then one day the moment in the
The Day of the Dollar
Do we live on a bubble? Is it possible for the heavily indebted American economy to collapse and take all of us down in a free fall with it? Have the days of the dollar been counted? Is it really unimaginable that we will see the time
25 Million Pounds
Like many in the 1980′s, Nick Leeson wanted to be rich and successful, but Nick Leeson was also a very strange man, he had an extraordinary ability to manipulate and deceive those around him. This is his story. It is also a story about those he deceived. They willingly entered into a dream he wove, lured by the prospect of vast sums of money and together they lost 830
The Ascent of Money
Professor Niall Ferguson examines the origins of the pillars of the world’s financial system, and how behind every great historical phenomenon – empires and republics, wars and revolutions – there lies a financial secret. From Shylock’s pound of flesh to the loan sharks of Glasgow, from the ‘promises to pay’ on Babylonian clay tablets to the Medici banking system,
Money as Debt 2: Promises Unleashed
Bailouts, stimulus packages, debt piled upon debt…Where will it all end? How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as debt II explores the baffling
Bigger Than Enron
On June 15, a Houston jury convicted Arthur Andersen — the 89-year-old accounting firm once known as the gold standard of integrity in auditing — for obstruction of justice in the government’s investigation of Enron, Andersen’s biggest client. With the demise of Andersen, the American business landscape was forever altered. But something else was altered as well
Britain’s Bad Housing
Earlier this month, Prime Minister Gordon Brown placed housing firmly at the top of the government’s agenda, unveiling plans to build three million homes by 2020 – possibly the biggest building programme in Britain for 30 years. But in this edition of Dispatches, reporter Andrew Gilligan investigates the private house builders charged with solving Britain’s chronic housing