Ex-Nasdaq chief accused of running a Ponzi scheme losing $50 billion

The time of the financial crisis is a good time for all bad investments to collapse. When everything goes well and everybody believes you, you can create a virtual business empire and nobody will ask you to prove it’s real. But now, everyone starts asking. That’s why we have so many companies going bankrupt. And [...]

Interest rate cuts continue throughout Europe

Yesterday we had another episode of the “interest rates cutting” story. European Central Bank decreased the rates from 3.25 to 2.50, and Bank of England cut rates from 3.00 to 2.00. These are another radical cut rates in recent weeks. The rates were cut also in Sweden and Denmark. Almost all countries in Europe struggle [...]