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We live and work in exciting times - revolutionary times. Technology continues to recast the media industry.

The extraordinary advance of affordable personal digital technology and the stellar rise of social networks are both distrupting and transforming the media market making this a unique moment to be involved in the convergence sectors we focus on.

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Friday 17 October 2008

Al Qaeda - more cash than the banks?

This won’t exactly be popular with the FBI, but the terrorist organization Al Qaeda is awash in funds. Anti-terrorism efforts to expunge Al Qaeda from the worldwide banking system mean it is sheltered from the rest of the world’s economic troubles. Al Qaeda’s principle source of funding is $800 million derived from the opium and cannabis trade. Its money-handling methods may be simple—they include moving cash by hand—but then isn’t it complexity that got Western banks into trouble in the first place?

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