How is it that the world's fortunes hang on the life or death of a murderous thug that the US has been supporting for 30 years? And why, in fact, if Yemen's President Ali Abdullah Saleh is so important, isn't it common knowledge? Saleh was wounded yesterday when opposition forces blew up his palace. But as I'll discuss, below, there's more …
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DERIVATIVES – AN ISLAMIC PERSPECTIVE By A.I.MARIKAR
The recent Global Financial melt down which brought the near crash of several financial institutions worldwide especially in the US and Europe , highlighted the dangers of Derivatives as an investment option . Most of the Financial institutions that needed massive state Bail Out in order to remain solvent at the height of the turbulence , carried substantial portfolios …
Read More »ISLAMIC FINANCE – ETHICAL REFLECTIONS By A. I. Marikar
The dominant vision of nearly all people engaged in Islamic finance in modern times , is the maximization of profits through processes which are Sharia compliant The thinking behind this vision is that the profit motive can be a very acceptable major driving force in any endeavor so long as the modalities of such profit maximization initiatives are packaged in a Sharia …
Read More »Dominique Strauss-Kahn Was Tying to Torpedo the Dollar By Mike Whitney
-It's all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse. It reminds me of the Terry Schiavo case, where devoted-husband Michael was pegged as an insensitive slimeball for carrying out the explicit wishes of his …
Read More »U.S Default Countdown; Is this the end of the road for the Empire? By Mike Whitney
Sometime in mid-May, the United States will hit the debt ceiling ($14.3 trillion) which is the legal limit that the country can borrow without congressional approval. If the ceiling isn't raised, the US will default on its debt and the government will begin to shut down. But that appears to be less likely now than it was a week ago …
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