Credit Default Swaps (CDS)—what are they? They’re compared to like buying fire insurance on your neighbour’s house — you create an incentive to burn down the house. Except its not the neighbour’s house but the debt the neighbour has taken on. The higher the debt, higher will be the insurance […]
Day: June 8, 2010
The Conundrum of the South Korean Corvette (II)
Alexander VORONTSOV, Oleg REVENKO (Russia) Part 1 The report on the sinking of S. Korea’s Cheonan corvette claiming that the tragedy had been caused by a torpedo fired by a N. Korean submarine caused further escalation on the Korean Peninsula. In a strongly worded address to the nation on May […]
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Binoy KAMPMARK 
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Thierry MEYSSAN 
Eric ZUESSE 
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Leonid SAVIN 
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Sabtain Ahmed DAR 
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