Month August 2009

It’s Bank Failure Friday again

Colonial BankGroup, based in Alabama, is a major bank with branches in the South and Nevada. They are insolvent and will be taken over soon. They also face a federal criminal investigation. Two banks, so far, have officially failed today.…

Handful of Sri Lanka refugees allowed home

BBC headline trumpets, “Tamil refugees are allowed home.”   But read the article.  In fact, only 4,000 of the hundreds of thousands of Tamil refugees got to leave the camps this week. How many refugees are there?  The number commonly cited…

Sri Lanka photos

Boston.com offers a stunning series of photos from the last days of the Sri Lankan conflict.  Some of them are gruesome.  Others are astoundingly beautiful.