Berto Jongman: Out of Africa – $2 Trillion Since 1970 — Low Estimate?

Out of Africa: The great money migration Almost $2 trillion has left Africa illicitly since 1970, thwarting poverty reduction and economic growth. This is far more than the external aid the continent received over the same period, and almost five times its current external debt. According to researchers, the continent also loses at least $100bn …

Owl: “Suicided” Bankers Worth Over Half a Trillion in Life Insurance, Payable to Banks, Not Families — JP Morgan in Spotlight

Maybe They are Killing Bankers for Their Life Insurance? Criminality can take many forms, based on the breadth and depth of human depravity and pathological ingenuity. Applying life insurance to pay off corporations when a current or former employee dies, in this case for bankers, a life insurance program called BOLI (bank-owned life insurance), has …

Berto Jongman: Opportunity Cost of Peace $9.46 Trillion in 2012 –11% of Gross World Product Lost to War

How Much Is Peace Actually Worth? According to an emerging branch of economics, approximately $9.46 trillion. Talia Hagerty Pacific Standard, 22 April 2014 EXTRACT The most recent study published by the Institute for Economics and Peace (IEP) found that violence cost the world $9.46 trillion in 2012 alone. That’s 11 percent of gross world product. …

Berto Jongman: $1.9 Trillion Held Overseas to Avoid US Taxes

The Trillions of Dollars U.S. Companies Are Hoarding Overseas And a tax repatriation holiday is no way to get them to bring it all back home. Matthew O’Brien The Atlantic Monthly, Mar 31 2014 There’s a lot of cash on the sidelines, but those sidelines aren’t in the U.S. They’re overseas—in tax shelters. According to …

Winslow Wheeler: Pentagon’s $1 Trillion a Year Budget — We Do Not Make This Stuff Up!

America’s $1 Trillion National Security Budget by Winslow T. Wheeler March 13, 2014 The Pentagon’s current leadership and most on the House and Senate Armed Services Committees in Congress describe President Obama’s 2015 defense budget request as painfully austere, if not dangerously inadequate.  The defense trade press is full of statements from generals, admirals and …

Jean Lievens: Peter Gruber on Internet Immersion – Trillions of Feed-Back Loops

From Peter Gruber: Someone walked into my UCLA class a year ago and three hours later I realized that the business of media and the business of business itself was about to be turned inside out. Internet of Things: From Stadium Pouring Rights to Washing Machine Pouring Rights, a Revolution is Coming EXTRACT: Mickey walks …