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Rapper 50 Cent files for bankruptcy after sex tape suit

...  that one federal judge called efforts to avoid trial in a five-year-old lawsuit involving the online posting of a sex tape, the report said. Lastonia Leviston sued Jackson in 2010 in a New York state ...More

EJ Insight2015-07-14

Lehman liquidators looking to distribute a further US$1.9 bln

Liquidators are seeking permission from a federal bankruptcy judge to distribute another US$1.89 billion to unsecured creditors of Lehman Brothers Holdings Inc., the giant investment bank blamed for t ...More

EJ Insight2015-07-14

US posts US$51.8 bln budget surplus in June

... d in some federal benefits being paid in May 2014 rather than in June of that year. Adjusting for these transactions, the surplus in June 2014 would have been US$36 billion, it said. With the adjustm ...More

EJ Insight2015-07-14

US throws out complaint of anti-Asian-American bias at Harvard

... ending in federal court. The department’s Office for Civil Rights dismissed on June 3 the complaint filed in May by more than 60 Asian-American groups. “We are very disappointed, but we won’t stop the ...More

EJ Insight2015-07-08

Amazon must go to trial in lawsuit over search results

Amazon.com Inc. must face a trademark lawsuit brought by a watchmaker, a US federal appeals court ruled. The suit says the online retailer's search results can cause confusion for potential customers, ...More

EJ Insight2015-07-07

No reason why the West should lose a decade

... former US Federal Reserve chairman Ben Bernanke dubbed the “global savings glut” is a vivid description of the excessive build-up of foreign reserves by emerging economies since the turn of the centur ...More

EJ Insight2015-07-06

BP in US$18.7 bln settlement over Gulf of Mexico oil spill

BP Plc said on Thursday that it will pay up to US$18.7 billion to settle US federal and state claims over the 2010 Gulf of Mexico oil spill. Under a deal with the US Department of Justice and five sta ...More

EJ Insight2015-07-03

Asia performance best among emerging markets in past year

... se of the Federal Reserve, anticipated changes in monetary policy. These rapid changes have rattled global financial markets and spooked investors, reducing their appetite for risk – a cautious attitu ...More

EJ Insight2015-07-02

China’s two-prong monetary easing and the stock market

... by the US Federal Reserve helped the market recover from a crash. But the fundamental reason for further monetary easing is still the same – a weak economy with the threat of deflation. The sharp and ...More

EJ Insight2015-07-02

Polar bears threatened by melting Arctic ice

... under the federal Endangered Species Act after US wildlife officials said climate changes threatened their survival in the first such listing of its kind. USGS ecologists concluded that polar bears wi ...More

EJ Insight2015-07-02

Fed rate hikes won't hurt all countries equally

The prospect that the US Federal Reserve will start exiting zero policy rates later this year has fueled a growing fear of renewed volatility in emerging economies’ currency, bond and stock markets. T ...More

EJ Insight2015-06-30

Time for Europe to rethink what it really wants

...  European federalism among elites, and this culminated in the Maastricht Treaty and the eventual replacement of the EEC by the European Union. This was the time when the EU, or “the United States of E ...More

EJ Insight2015-06-29

China cuts interest rates to record low as stocks slump

... former US Federal Reserve chairman Alan Greenspan, who lowered rates after market meltdowns in what became known as the “Greenspan put”, Bloomberg reported. The Shanghai Composite Index fell 7.4 perce ...More

EJ Insight2015-06-29

How the end of easy money in the US will impact China

The US Federal Reserve kept the federal funds rate in the zero to 0.25 percent range at its recent policy meeting. Immediately, Fed officials tangled on the timing of a highly anticipated liftoff. Fif ...More

EJ Insight2015-06-27

How to benefit from coming US rate hike

The US dollar has gained strength after US housing sales increased 2.2 percent in May from April, although durable goods orders dipped for the second straight month. The majority of Federal Reserve of ...More

EJ Insight2015-06-25

Boston bomber apologizes as he is formally sentenced to death

... ity, as a federal jury sentenced Dzhokhar to death in May. -- Contact us at [email protected] RC ...More

EJ Insight2015-06-25

Canada govt websites taken down in cyber attack

... asier for federal agencies to increase surveillance and share information about individuals. Public Safety Minister Steven Blaney denounced the cyber attacks, telling reporters that there were many ot ...More

EJ Insight2015-06-18

US officials can be sued over post-9/11 jail treatment: court

A US appeals court said in a 2-1 decision that the federal government's top law enforcers can be sued by former inmates who claim their civil rights were violated while jailed after the Sept. 11, 2001 ...More

EJ Insight2015-06-18

Yellen tamps down rate expectations but liftoff seen this year

US interest rates will remain near zero for now but the Federal Reserve is leaning toward liftoff later this year amid signs economic activity is picking up. Federal Reserve chief Janet Yellen is warn ...More

EJ Insight2015-06-18

Greenberg wins 2008 bailout fight but no damages awarded

... at the US Federal Reserve exceeded its authority in the insurer's 2008 bailout. While Judge Thomas Wheeler of the Federal Court of Claims in Washington, D.C., sided with Greenberg on a key legal claim ...More

EJ Insight2015-06-16

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