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lillianeucas

Afghan Finance Ministry: Employees Steal $1.5m

The two alleged scammers were stopped before they could steal the full amount $5.8 million but $1.5 million was already cashed. "These were low level employees.
For the original version including any supplementary images or video, visit http://abcnews.go.com/International/wireStory/afghan-finance-ministry-employees-steal-15m-20803967

Small is beautiful in finance

Little, if any, of the increased borrowing has gone to fund additional income-generating investments, in factories, inventories or the expenses of growing businesses. Instead, the bulk of the debts are unproductive. Some of the new borrowing provided funds which bid up the prices this here website of assets that do not produce incomes houses that are lived in, commodities that are stored or art that is collected. Governments are responsible for much of the additional debt.
For the original version including any supplementary images or video, visit http://blogs.reuters.com/edward-hadas/2013/11/06/small-is-beautiful-in-finance/

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