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Haven or hell? (BBC News)
The UK government reviews offshore banking

Judge spares E-Gold directors jail time (CNET)
Senior directors of online payment site E-Gold, who had pleaded guilty to charges of money laundering, received small fines and no prison sentences. A judge said it was due to a lack of criminal intent.

Alter Domus Financial Forum Highlights Luxembourg's Innovative Approach to Tax and Regulatory Structures (PR Newswire via Yahoo! Finance)
Despite current economic upheavals, Luxembourg has reason for optimism. Already flourishing as a center for retail investment funds, in February 2007 this small but influential financial powerhouse passed legislation to create an even more attractive regulatory and tax environment.

David Dreman Buys Imperial Tobacco Group PLC, The Walt Disney Company Disney, KimberlyClark Corp., Sells L3 ... (Guru Focus)
David Dreman, father of Contrarian Investing, has been hurt by the recent financial melt down. He thinks that it is not easy for investors to profit from the government bailout. He is not buying much. David Dreman owns 333 stocks with a total value of $10.9 billion. These are the details of the buys and sells during the third quarter. David Dreman buys Imperial Tobacco Group PLC, The Walt Disney ...

New era beginning for party in power (Boston Globe)
WASHINGTON - Democrats increased their ranks in Congress last night, picking up seats from the Canadian to the Mexican borders and ushering in a new era of Democratic power in Washington the party has not seen since the 1960s.