American Values: Cronyism Isn’t Capitalism
My grandfather was one of those who invented American capitalism. The assembly line; “efficiency experts”, Henry Ford, Joe Kennedy, the Johnson family. They all came to him . . . .
My grandfather was one of those who invented American capitalism. The assembly line; “efficiency experts”, Henry Ford, Joe Kennedy, the Johnson family. They all came to him . . . .
LATAM Airlines Group S.A. (LATAM), a commercial airline company based in Chile, agreed to pay more than $22 million to the DOJ and SEC Monday to resolve FCPA offenses for bribing union officials in Argentina.
[…] certainly frowned upon by airlines. Some would call it “lying.” Savvy travelers have used hidden city ticketing for years but I found out about it in classic American fashion. Two massive corporations (United Airlines and Orbitz) decided to sue a 22-year-old kid, Aktarer Zaman. Zaman had developed Skiplagged, a website that facilitates hidden city […]
Inauguration Day has come and gone and America has again installed the new President peacefully and in accordance with the laws. That is the American Way, a tradition we are rightly proud of.
[…] 2000 and 2003 to officials at the Philippines Bureau of Customs and the Philippine Economic Zone Area, and $173,000 in improper payments to officials at fourteen state-owned airlines. The bribes to customs officials consisted of hundreds of small payments. They were intended to induce the officials to violate customs regulations, settle customs disputes, and […]
[…] this week charged a Houston-based oil-and-gas firm and its CEO for making fraudulent claims about the company’s oil reserves. A report in Petro Global News said Houston American Energy Corp. and John F. Terwilliger claimed that a Colombian exploration concession in which Houston American only owned a fractional interest held between 1 billion and […]
Brazilian aircraft manufacturer Embraer SA is paying more than $205 million to the DOJ and SEC to resolve violations of the Foreign Corrupt Practices Act.
Image courtesy of the Australian Signals DirectorateA document from Edward Snowden dated February 2013 showed that the Australian Signals Directorate spied on an American law firm and passed the results to the NSA, the New York Times said Saturday.
[…] or decisions of foreign officials, foreign political parties or candidates for foreign political office is unethical. It is counter to the moral expectations and values of the American public. But not only is it unethical, it is bad business as well. It erodes public confidence in the integrity of the free market system. It […]
The SEC Thursday fined Telefônica Brasil S.A. $4.125 million for providing soccer tickets and hospitality to government officials who could help the company’s business.