Do Central bankers have license to lie?
Acclaimed journalist and economist Anatole Kaletsky explains in a report on Reuters why lying is an essential virtue in central bankers like US Federal Reserve Chairman Ben Bernanke.
Business
New York State Supreme Court Justice Barbara Kapnick in Manhattan issued a judgement today approving an $8.5 billion settlement between Bank of America Corp with investors, and also said that some loan modification claims will continue, said Bloomberg.
US prosecutors have indicted Waldyr Da Silva Prado Neto and Igor Carnelson with insider trading in Burger King's $3.2 billion buyout in 2010. Prado was a former broker at Wells Fargo & Co. subsidiary Wells Fargo Advisors, while Carnelson was a Brazilian banker.
New Jersey resident Josh Finkelman has sued the National Football League accusing it of pricing average football fans out of the Super Bowl, where this year's championship game will play at MetLife Stadium in East Rutherford on February 2. Finkleman says that the league has "made only 1 percent of all tickets available to the public for purchase at face value. He says that most fans must buy their tickets on the secondary market where they can command thousands of dollars."
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