Beware the Million-Dollar IRS Phone Scam

Posted on by Pamela M. Bond Contractor

© 2014 Prof. Farok J. Contractor, Rutgers University The internet era, where the cost of an international phone call is near zero, has also seen a rise in telephone scams emanating from foreign countries. On returning from India, I called my wife’s attention to an article in the April 4, 2014 edition of India Abroad: “Over 20,000 taxpayers victims … Continue reading Beware the Million-Dollar IRS Phone Scam

Learning from the History of Globalization

Posted on by Farok J. Contractor

© 2014 Prof. Farok J. Contractor, Rutgers University Since the year 2000, the US has suffered a horrendous merchandise trade deficit against China, adding up to $2,947 billion over the 14-year period. This means that China has accumulated nearly $3 trillion surplus dollars—much of which they “kindly” reinvested in US assets, notably US Treasury debt. … Continue reading Learning from the History of Globalization