Wednesday, December 8, 2010

Words of Wisdom

See this opinion article from Christian Science Monitor, repeated on Yahoo News, concerning corruption in Islamic countries. It isn't particularly well written but the idea it contains is solid - it is hard for Islamic countries to claim the moral high ground when so many of their officials are "on the take."

Corruption is a major cause of lack of development as potential investment funds get diverted into Swiss bank accounts. Go here to see the actual country rankings by Transparency International.

I find it sad that the United States only ranks number 22, out of 178 nations ranked. On the other hand, at least we keep trying, as evidence of which the recent news about subpoenas going out to hedge fund operators accused of insider trading.