Mindful Money’s news round-up: Tuesday 17th May 2011

17th May 2011

Story of the day:

From the BBC News, Puma is the first major corporation that has published the details of the cost of its impact on the environment; they say that reducing their environmental impact will improve its future performance.

Puma first to publish environmental impact costs

And the best of the rest:

The New York Times is discussing new investigations in to the world's financial crisis.

The New York attorney general has requested information and documents in recent weeks from three major Wall Street banks about their mortgage securities operations during the credit boom, indicating the existence of a new investigation into practices that contributed to billions in mortgage losses.

While in the Telegraph Gordon Brown is suggesting that the global economy is heading towards another financial meltdown.

World on course for next crisis, warns Gordon Brown

The Guardian are looking in to the reason behind why inflation has hit a 30 month high.

Inflation in Britain jumped to its highest level in two-and-a-half years last month, owing to soaring travel costs around Easter and higher duty on alcohol and tobacco. 

The Wall Street Journal is reporting on Google's selling of its first bonds, some $3 billion worth, to take advantage of corporate interest rates that are moving swiftly lower.

Cash-Rich Google Sells First Bonds

Reuters is discussing the ‘gold bubble', George Soros has dumped almost his entire $800 million stake in bullion in the first quarter, well before a commodities slump, but famed gold bull John Paulson held his ground.

Soros dumped most gold in Q1, Paulson stays put

Also in Reuters, the film industry is set to boom again now that a period of tight financing due to the global financial crisis has eased. It is said to be due to finding renewed strength in money from China, the return of Hollywood studios and the pulling power of A-list stars.

Film business booms at Cannes amid flurry of deals

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