Transparency Global Corruption Report: Education

Transparency International in a new report shows how stepping up the fight against corruption in education is necessary not only to keep kids in school and meet literacy and development goals, but also to ensure that the next generation is prepared to say no to corruption.

The Global Corruption Report: Education details numerous practical steps to prevent the abuse of power, bribery and secret dealings from corroding the educational experience. It calls on governments, international organisations, businesses and civil society to ensure good governance is promoted in education policy all over the world.

“For schools to educate the corruption fighters of tomorrow they need to be free from corruption themselves. Without a strong dose of integrity, our schools and universities will fail to provide future leaders with the basic tools needed to succeed, and more importantly, to combat graft,” said Huguette Labelle, Chair of Transparency International. “With nearly a fifth of the world’s population between 15 and 24 years old, young people have the potential to stop corruption both as the citizens of today and as the leaders of tomorrow.”
Global Corruption Report: Education

Maya Zankoul / Lebanon

Maya Zankoul / Lebanon

More Corruption Reports

 

The Two Top Jobs in Global Finance Will Soon Be Filled by Women

Here’s why that matters

Assuming that Janet Yellen is confirmed as the new Federal Reserve chair at some point in the next few weeks, an amazing thing will happen: the two most powerful jobs in the world of finance will be held by women. Christine Lagarde, managing director of the International Monetary Fund, is in charge of fostering global economic stability. Yellen would be the world’s top banker. That’s an amazing turn, especially considering that both of them are known for being tough on finance and financiers.
The Two Top Jobs in Global Finance Will Soon Be Filled by Women

The Two Top Jobs in Global Finance Will Soon Be Filled by Women

NY Fed Senior Examiner Fired for Examining Goldman Sachs

Former New York Fed examiner, Carmen Segarra, says she was fired after uncovering problems with Goldman Sachs’ conflict-of-interest policy.  Segarra says her supervisors pressured her to falsify her findings that Goldman’s policies were inadequate, and she refused.  Segarra and New York Fed colleagues recommended Goldman be downgraded because of deficient policies.  Segarra found that Goldman’s efforts to wall off conflicts in a multi-billion dollar energy deal was full of holes.  NY Fed Examiner Fired

Fed Officer Fired

Spain, Italy And Portugal Banks Face €250bn Losses

Banks in Spain, Italy and Portugal face about €250bn in potential losses on their business loans over the next two years, the International Monetary Fund (IMF) said…
Spain, Italy and Portugal banks face €250bn losses

The European Banking Federation collects banking sector data from its Members and Associates on an annual basis. These data cover the main banking sector indicators, including: total bank assets, loans, deposits, securities acquired and issued, capital and reserves, number of employees, banks and bank branches.
The  EBF Banking Sector Statistics Database 2012
FF2012-1

Spain, Italy And Portugal Banks Face €250bn Losses

Anonymous Online Marketplace

Hidden behind the Tor web browser that allows people to buy and sell “anonymously” are a temptation for all hackers and programmers who try to get a piece of the $80 million in commissions, the founder of Silk Road earned according to the FBI.

BMR or BlackMarket Reloaded

Drug’s, porn and other illegal items like weapons can be found at BlackMarket Reloaded. This is already a massive platform, with almost 3000 products only in
the narcodics category. Some dealers who sold on Silk Road have now migrated to BMR.

The BMR marketplace features a Bitcoin escrow like Silk Road.
NCA MOVES AGAINST SILK ROAD MERCHANTSAnonymous online marketplace

 

Changes in Wall Street and Deregulation: Salomon and Citibank

The banking industry has evolved into was an army of megabanks, such as Citigroup and JP Morgan. They have employees numbering in the hundreds of thousands, and a bureaucracy in place to manage their diverse businesses, which spanned the entire globe.

With so many employees and businesses, it was hard for many of the people working inside to feel any real sense of ownership of the firm.

The result? Investment banks turned into a loose confederation united not by the understanding that their risk was jointly owned, but by a common source of cheap money: bank deposits and government-subsidized debt. One Man’s View

Banks

Asia: The Impact of Politics on A Country’s Businesses

William Pesek on Bloomberg notes that the roiling economies throughout the world have taken their toll on emerging economies but governments rife with corruption and leaders paying more attention to securing their power than addressing the country’s issues make the future look bleak in Indonesia, India, Thailand and Malaysia. Asia’s Crisis of Leadership

Corruption in Asia

Janet Yellen to the US Fed in January

After a summer in which war was waged by factions opposing Lawrence Summers and those promoting Yellen, with the President a prominent figure in the background, Obama will announce Yellen’s appointment on Wednesday.  Obama has admitted to knowing little about finance and economics.  He came to trust Summers whose cleverly bewitched the President.  Jamie Dimon was another member of this charmed circle.

Poor judgment on the American public’s reaction to war with Syria, limited as it might be, and a seeming difficulty in negotiating with the other side on any issue have weakened Obama.  It is fortunate that someone as talented as Yellen has emerged from the fray. Where she will take stands is not clear, but she is a firm supporter of the middle class.  Janet Yellen

Janet Yellen