EconomyWatch.com

Illegal sports’ gambling exists all over the world. Even in the US, most sports gambling is still controlled by the mafia. It is a multi-billion pound industry and the profits for organised crime are comparable with the drug trade.

EconomyWatch speaks to Reza Behnam about his vision for ADZ as well as the technology scene in Asia. Besides getting backing from the Singapore government, Reza has also secured a star investor: Eduardo Saverin, the co-founder of Facebook.

Casinos. Where dreams of becoming an overnight millionaire are made – and mortgage payments are broken. The house always wins. But it doesn’t seem that way, by design.

India is often characterised by the degree of contrasts that exist within the country. In fact, the government and the people of India have come to accept, and even embrace this profile.

The US unemployment rate stood at 8.9% in June 2011 for workers who are without jobs but searching, according to official Government figures. However, the real rate is probably much higher still.

In May this year, Deutsche Bank Chief Executive Josef Ackermann appeared in a Munich court to testify in a lawsuit against the bank by fallen German media mogul Leo Kirch.

Bitcoins have been described as “the digital currency of the future” – a new global phenomenon that threatens to challenge all preconceived notions of currency and currency exchange.

Since the second half of last year, global wheat prices have more than doubled according to the World Bank, and prices of corn, sugar and oil have skyrocketed.

Money laundering is a massive global problem. It allows criminals to infuse billions of dollars of black money into the stream of commerce and business, corrupting financial institutions and officials.

I want to make the point, loud and clear, that we are living on borrowed money and on borrowed time. U.S. taxpayers collectively owed $4.5 trillion at the end of 1996 and that each taxpayer owed $45,433.