Tag Archive for Economic Crisis

Where Wealth Declined Most (and an Income Riddle) – NYTimes.com

By BINYAMIN APPELBAUM The bleak portrait of the financial health of American families that the Federal Reserve published Monday shows that the impact of the economic crisis has fallen with disproportionate weight on the middle class. The middle 60 percent of American families had a larger decline in wealth and income on a percentage basis than…

Italy money laundering reports skyrocket: central bank | Reuters

(Reuters) – Italy’s worst economic crisis since World War Two has been a boon to the country’s mafia organizations with reports of suspicious bank transactions rocketing, the Bank of Italy said on Wednesday. Reports of suspected money laundering through financial institutions rose 147 percent in 2010-11 from the previous two years “and they are still…