Corruption series sparked calls for change at SC Statehouse, but progress has been slow
Avery G. Wilks, 10 April 2021
COLUMBIA — With time running out on their 2021 calendar, South Carolina lawmakers have made little progress toward closing ethics loopholes for big-spending special government district leaders. Nor have they given the state’s top law enforcement agency the money it says it needs to better investigate public corruption.
But influential legislators say they remain committed to tackling those concerns, which were highlighted earlier this year in The Post and Courier’s Uncovered series, a yearlong project with community newspapers aimed at unearthing corruption and abuses of power in small-town South Carolina. Continue reading “Article: Corruption series sparked calls for change at SC Statehouse, but progress has been slow”
Shanghai, China: Chinese regulators have hit e-commerce giant Alibaba with a massive 18.2 billion yuan ($2.78 billion) fine over practices deemed to be an abuse of the company’s dominant market position, state-run media reported on Saturday.
RIYADH: A money laundering gang in Saudi Arabia has been sentenced to a total of 106 years in prison and issued a fine of SR1.08 million ($288,000).
“We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.”- Herbert Hoover
RCMP’s failure to earmark adequate resources against financial crime was compounded by government officials downplaying problem, inquiry hears.
Earlier, several financial media outlets reported that Credit Suisse was considering dramatically shrinking or selling off its prime brokerage unit, the hedge-fund-focused business that just lost $4.7 billion for the bank, obliterating 18 months of the bank’s average net profits.
Back in December, Bloomberg published a sweeping expose that raised serious questions about the ESG investing craze sweeping the world. In the piece, Bloomberg detailed how the Nature Conservancy, the world’s biggest environmental group and a prominent seller of carbon offsets, had sold “worthless” credits to JPMorgan, Disney and BlackRock as the corporations sought to finance the protection of carbon-absorbing forest land to absolve them of their sins tied to fossil fuel usage. 