Irish literature and legend is full of boasts, like the claim by Christy Mahon in Synge’s “Playboy of the Western World” that he has killed his da with a loy (Irish for spade), only to have the old man track him down in another town.
Global News Journal
The International Monetary Fund has done what it was bid by the G20 and come up with proposals for getting banks to pay for the government help they receive when they get in trouble. You can read the actual wording here, but it comes down to this:
Germany has signalled it is ready to pay a thief who stole secret bank data in Switzerland in order to collect a small fortune in taxes and fines for tax evasion. According to media reports, the data may relate to money held by 1,500 Germans dodging taxes by hiding their money in Swiss bank accounts.
But is it right for a state based on the rule of law to pay for stolen data? Is it a question of the ends justifying the means (exitus acta probat)? Or is it simply a modern form of bank robbery, like a Swiss lawmaker called it so colorfully on Tuesday?
When the late Joerg Haider, the hard-right populist governor of the southern Austrian state of Carinthia, sold most of his government's stake in Hypo Group Alpe Adria in 2007, he said, beaming: "Ladies and Gentlemen, Carinthia is rich."
from Africa News blog:
Nigeria's central bank sliced through the hubris of the business elite with its $2.6 billion bailout out of five banks and the sacking of their heads in what looks as though it could be a new era for corporate governance in Africa’s most populous country.
Poles and Czechs, their economies still relatively robust despite global recession, are up in arms about what they see as international investors’ tendency to tar them with the same brush as their more troubled neighbours such as Hungary, Ukraine and Latvia.