Category: Finance

Finance, technology1 Comment

Another billionaire jailed

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Binance founder Changpeng Zhao, nicknamed CZ, was a jailed for allowing money laundering after he pleaded guilty to breaching US anti-money laundering laws designed to prevent terrorist  financing and funds going to sanctioned countries. Zhao apologised before his sentencing at a court in Seattle saying: I failed here. I deeply regret my failure and I am sorry”. District judge Richard Jones told him: “You had the wherewithal, the finance capabilities, and the people power to make sure that every single regulation had to be complied with, and so you failed at that opportunity”. He is the second major crypto boss … Continue reading Another billionaire jailed

Books, Finance1 Comment

Growth & innovation allowed people to escape cycles of boom and bust

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Economic growth has freed billions from poverty in the past two decades and made our lives far healthier and longer, resulting in the unfettered pursuit of growth  defining economic life around the world. However, this prosperity has come at an enormous price: deepening inequalities, destabilizing technologies, environmental destruction and climate change. Daniel Susskind, economist, argues that too few people understand growth and many in our era of sluggish productivity, the worry is slowing growth – in the UK, Europe, China and elsewhere – and reversing this stagnation is the goal of every politician. Some eco-warriors think there’s too much of … Continue reading Growth & innovation allowed people to escape cycles of boom and bust

Finance1 Comment

Tycoon Billionaire sentenced to death, after using SCB as a piggy bank

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Sixty-seven-year-old, Truong My Lan, a Vietnamese tycoon billionaire has been sentenced to death for draining £22billion from the banking system in Vietnam’s largest ever financial fraud. In the west for financial fraud you go to jail and will be rehabilitated. But in Vietnam  you pay the ultimate price death. My Lan  who oversaw a merger  of three cash strapped lenders to form Saigon Commercial Bank in 2011, created a complex network of shell companies that owned most of its shares. She then made numerous false loan applications via the shell companies which came to account for 93 per cent of … Continue reading Tycoon Billionaire sentenced to death, after using SCB as a piggy bank

Books, Finance, Health and Safety1 Comment

AI says NO…

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“ A corporation, or a government department isn’t a conscious being,  but it is an artificial Intelligence, it has the capability to take decisions which are completely distinct from the intentions of any of the people who compose it. And under stressful conditions, it can go stark raving mad”. Big organisations often make terrible decisions, and how the world lost its mind, have you ever waited for a board to fight recently?  When to avoid taking a decision, what happens to it? In The Unaccountability Machine, Dan Davies examines why markets, institutions, and even governments systematically generates outcomes that everyone … Continue reading AI says NO…

Finance, technology1 Comment

Crypto group Copper is reviewing its embarrassing sushi party

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Crypto currency had to stoop such low levels to get their message across. At the party guests were served food items from the bodies of partially naked models. Digital assets company chaired by Lord Philip Hammond had to apologise after embarrassment caused by the party. Copper’s pioneering technology including their security and speed of cryptocurrency transactions were belittled by partially clad sushi party at the Mandrake hotel, where sushi was served off models in swimsuits. Continue reading Crypto group Copper is reviewing its embarrassing sushi party

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Crypto- billionaire has been jailed for 25-years for biggest fraud of the century

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Former billionaire and Founder of now-bankrupt crypto firm FTX, Sam Bankman-Fried, has been jailed for 25 years for his role in the massive crypto fraud. A Jury found Bankman-Fried(32) guilty on November 2, 2023 on seven fraud and conspiracy counts stemming from FTX’s November 2022 collapse, according to prosecutors one of the biggest financial frauds in US history. Bankman-Fried stole $8 billion from customers of the now-bankrupt FTX Crypto currency exchange he founded,  the last step in the former billionaire wunderkind’s dramatic downfall. U.S. Judge Lewis Kaplan handed down the sentence at a Manhattan Court hearing after rejecting Bankman-Fried’s claim … Continue reading Crypto- billionaire has been jailed for 25-years for biggest fraud of the century

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Gold and Bitcoin soars all-time record

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The price of cryptocurrency soared more than 60 per cent this year since regulators approved its place in exchange traded funds hit $69, 200 yesterday. The price of Gold also surged to a record high driven by growing expecations of US interest rate cuts, investors hunting for haven assets and month sof prodigious buying by central banks and Chinese investors. The digital coin was dismissed by sceptics as a burst bubble that would not recover following the collpase of high profile crypto companies such as FTX. Spot Bitcoin ETFs issued by Wall Street stalwarts like Fidelity and Blackrock have spearheaded … Continue reading Gold and Bitcoin soars all-time record

Books, Finance1 Comment

Is their passion in your heart to ignite the fire within to reach the highest potential

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Ian Robertson, a renowned professor of Psychology at Trinity College, Dublin, delves into the neurological and psychological effects of winning , offering fascinating insights into the power of confidence and the importance of maintaining perspective and explains how an animal that has won few fights against weak opponents is much more likely to win later bouts against stronger contenders. Success changes the chemistry of the brain, making you more focused, smarter, more confident  and more aggressive. And the more you win, the more you will go on to won. But the downside is that winning can become physically addictive. The … Continue reading Is their passion in your heart to ignite the fire within to reach the highest potential

Books, Finance1 Comment

Are you poor (eternal) or broke ( temporary)?

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Are you afraid of being different preventing you from seeking new ways to solve problems Even after 25 years  Robert Kyosaki’s book Rich Dad Poor Dad published on April 8, 1987,  selling 40 million copies worldwide in 38 languages, still ranks as #1 personal finance book of all time. In our modern world where so much is changing at high speed, recalibrate our thinking, the lessons about money and the principles of Rich Dad Poor Dad haven’t changed. Today money continues to play a key role in our daily lives, the messages give by Robert Kiyosaki’s book are more important … Continue reading Are you poor (eternal) or broke ( temporary)?

Books, Finance, technology2 Comments

Freedom to live the life you want

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Tori Dunlap who was always good with monty, as a kid, watched her prudent parents balance their checkbook every month and learned to save for musical tickets by gathering pennies in an Altoids tin. According to her it’s not our fault, girls are siginificantly less likely to receive a holistic financial education and investigating this financial literacy and wealth gap, in Financial Feminist giving a step-by-step guide to mindful spending, earning and investing- without the overwhelm, shame, or jargon. Your thoughts, feelings, and mindset dictate your daily relationship with money. And then our feelings about money are intentionally weaponised. According … Continue reading Freedom to live the life you want