Divorce as a Re-Distributive Mechanism and Wealth Transfer

By Sam Vaknin Author of "Malignant Self-love: Narcissism Revisited""Even in modern times, in most cases husbands and wives differ in their potential for acquiring property. In separation of property, husbands and wives owning property and dealing with each other will be in...

The Bursting Asset Bubbles

By Sam Vaknin Author of "Malignant Self-love: Narcissism Revisited" The recent implosion of the global equity markets - from Hong Kong to New York - engendered yet another round of the semipternal debate: should central banks contemplate abrupt adjustments in the prices of...

Wall Street, October 1929

By Sam Vaknin Author of "Malignant Self-love: Narcissism Revisited" Claud Cockburn, writing for the "Times of London" from New-York, described the irrational exuberance that gripped the nation just prior to the Great Depression. As Europe wallowed in post-war malaise,...

UK: RBS TO SHED SOME 2,600 MORE JOBS (NEWS 10 05 2010)

The Job cuts are to come from the sale of its insurance arm and 318 bank branches – a condition of EU's £54bn taxpayer support. In the November of 2008 the Government became the majority owner of RBS with a reported £37 billion taxpayer bail-out package for a near 70%...

The Dirty Secret of the Financial Crisis: Our Banking System's Broken

"Henry Paulson's $700 billion plan to save the world is dead or dying, but the bailout was not killed by his arrogance or his grossly misleading claims about what the public's money would buy. The plan collapsed because it didn't work. The Treasury secretary has launched a PR...

Husband Saws House in Half After Divorce

A couple who were married for more than 40 years have taken the literal route when it comes to splitting up their belongings: the husband cut the house in half.  In a village in the Prey Veng province of Cambodia, people were pretty shocked to hear the strange news -...