BNP Paribas Needs New Leadership, Vision … and a Few ‘Boy Scouts’

Access to the U.S. financial system is a privilege, not a right. France’s BNP Paribas, as well as French government officials, are learning that obvious lesson the hard way. It will be a costly process. In fines alone, the European banking giant faces at least $8 billion or more in fines for helping countries such as …

Uncle Sam Has a Little Company On the Moon, China Lands Space Probe

China made a little history yesterday. It became the third country ever to land an unmanned spacecraft on the moon. Only the United States and the Soviets have done so. Accompanying the lunar module is a rover named Jade Rabbit. JR is reportedly loaded with experiments and going to probe a particular section of the …

Cuba Anti-Corruption Efforts: The Wolf at the Door (and Cuba is the Wolf)

The Cuban government, like most communist and socialist countries, does not like foreign investors. It is viewed as a poison that should only be allowed under extreme vigilance by the state and when absolutely necessary. If your a foreigner planning to invest in Cuba, be prepared to lose all your money as well as your reputation. …

USSR, I Mean Russia, Prosecutes Dead Lawyer for Tax Evasion

The Russian government is, if anything, a persistent creature. Russia TV reports this morning: …a district court in Moscow has ruled both the fugitive boss of the Hermitage Capital investment company and its late auditor guilty of tax evasion … If your not familiar with the Magnitsky case, you can read more about it in the …

Around town …

The Hudson Institute hosted an interesting conference yesterday, “Populism, Islamism, and “Indigenismo” vs. Democracy in Latin America.” Doug Farah discussed the dangers of the Bolivarian-Islamist narrative in the region. A University of Tennessee professor has been sentenced to four years in federal prison for passing controlled technical data to Iran and China. Dr. J. Reece …

Foreign Corruption, Made for Hollywood, by Hollywood

Most Americans do not know about the Foreign Corrupt Practices Act of 1977 (FCPA), but recent and past indictments for violations of the law makes for great movie fodder.  In a nutshell, the FCPA broadly criminalized bribery of foreign officials by Americans.  The folks over at the FCPA Blog have been documenting something you will never likely see the mainstream …