It is not just the banks that are in danger of going under. It is entire economies. They are the ones in need of emergency cash to stay afloat. For some time we have been saying that Europe's financial 'white knight' may end up wearing Chinese armour or even a South American uniform?Now it looks like all that is starting to come true. It started with a big splash in the Financial Times, saying
The journey begins as FRONTLINE correspondent Forrest Sawyer takes viewers to a secret location: the Treasury’s debt auction room, where the U.S. government sells securities backed by the “full faith and credit of the United States.” On this day, the government is auctioning $67 billion of Treasury securities. The money borrowed will be used to fund services and programs that the government cannot
This Dutch documentary examines the silent revolution that is taking place in the United Arab Emirates (and the Gulf region in general) where Bedouin tents have been replaced by luxury and indulgence. While most of the world media’s Middle East focus has been portraying the region as a source of conflict, an incredible process of modernisation is taking place in the UAE, a process rarely seen befo
California is a strong brand, a land of dreams, movie stars, surfers and has a wonderful climate all year. But the state is practically bankrupt and the city of Los Angeles has no more cash. Public services are being scaled back and unemployment has been steadily increasing. But even in these dire financial times, feelings of entrepreneurship, optimism and a belief in America are stronger than eve
For those who enjoyed the documentaries: "Capitalism: a love story" and "Enron: the Smartest Guys in the Room" comes a middle class take on the economic collapse. "An Inconvenient Death" documents the death of the American working class and the catastrophic debt that is crushing American society. From the creator of "World`s Best Crap".
Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him the richest person in the world – thought to be worth 37 billion dollars.Yet Buffett lives modestly in his native Omaha, in America’s mid-West, and runs his 150 billion dollar business with a staff of just twenty. Evan Davis meets him to f
People all around the world are becoming increasingly dependent on a small number of large multinational businesses. Monsanto controls 90% of the production of genetically modified seeds. Microsoft holds an 88.26% market share of the software industry, followed by apple with Mac who hold 9.93%. Everyday, 150 million people throughout the world, buy an Unilever product without even realising i
The average American family today carries 10 credit cards. Credit card debt and personal bankruptcies are now at an all time high. With no legal limit on the amount of interest or fees that can be charged, credit cards have become the most profitable sector of the American banking industry: more than $30 billion in profits last year alone. FRONTLINE examines how the credit card industry becam
This feature length documentary present a searing indictment of the Coca-Cola empire and its alleged kidnapping, torture and murder of union leaders trying to improve working conditions in Colombia, Guatemala and Turkey.The filmmakers follow labour rights lawyers Daniel Kovalik and Terry Collingsworth and an activist for the Stop Killer-Coke! campaign, Ray Rogers, as they attempt to hold the g