The Ethical Cost of High-Price Art

If artists, art critics, and art buyers really had any interest in reducing the widening gap between the rich and the poor, they would be focusing their efforts on developing countries, where spending a few thousand dollars on the purchase of works by indigenous artists could make a real difference to the wellbeing of entire villages.

→ Project Syndicate

A Grieving Father Pulls a Thread That Unravels BNP’s Illegal Deals

A bus bombing two decades ago — and a New Jersey father’s quest for justice — inadvertently set off a chain of events that led American prosecutors to accuse some of the world’s biggest banks of transferring money for nations like Iran.

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“The fact that our case laid the groundwork for these actions is really a tribute to Alisa who would be 40 this year,” he said.

→ Dealbook

Greenpeace Statement on Foreign Currency Exchange Losses

The losses are a result of a serious error of judgment by an employee in our International Finance Unit acting beyond the limits of their authority and without following proper procedures. Greenpeace International entered into contracts to buy foreign currency at a fixed exchange rate while the euro was gaining in strength. This resulted in a loss of 3.8 million euros against a range of other currencies.

→ Greenpeace International