By Jim Wynn Unemployment is currently a burning issue in this country as it is across the globe. Discussions about how best to create jobs feed our headline news fuel fierce political debate and will be a key factor in determining the outcome of our presidential election in November. Although unemployment in the US has fallen […]
The countdown is on. In three days, Chicago will be hosting the 2012 NATO summit from May 20th to 21st. New figures will be traveling to Chicago, among them the newly elected French President François Hollande. Prior to the beginning of the Summit, this piece will outline one of the most important threats that NATO […]
Despite many promises from the international community that the “Friends of Yemen” would help this poorest country of the Arabic Peninsula to jump start its battered economy after having endured a catastrophic years in terms of the meltdown of its financial institutions, its industry sector, its currency and its dire humanitarian situation. With a chronic […]
In this bleak economic era, the only constants that have prevailed throughout the most part of the global financial crisis are risk and uncertainty. On January 12th, Standard and Poor’s downgraded France, joint-chief compere of the Eurozone’s economic horror show and its second largest economy. The very same day, the economies of Spain, Italy, Portugal […]
One thing history has consistently taught us is that paradigms shift and new eras are born in a repeating cycle that’s as old as hills. One thing history has also taught us is that some shifts are far more epochal than others; some have the capacity to distort the pathway of history and others not. […]
With America’s latest market crash, the debt debate seems so ‘last week’ (hey, it was last week!), there is still much to learn from the tumultuous process. Niall Ferguson attempts to provide an outside perspective on the whole debt limit battle. It’s a pretty important outside perspective too; China: Viewed from Beijing, it looked very […]
As financial markets shuddered and then nearly imploded in 2008, the Federal Reserve opened its vault to the corporate world — both domestic and foreign — on a scope much wider and deeper than previously disclosed.
There are mounting anxieties in Global capital markets over the divergence between China’s economic policies – specifically, its currency exchange rate policies — and the relationship that currency valuation has to a sputtering economic recovery in the rich Western economies.
Even as voters rage and candidates put up ads against government bailouts, the reviled mother of them all — the $700 billion lifeline to banks, insurance and auto companies — will expire after Sunday at a fraction of that cost, and could conceivably earn taxpayers a profit. (From the New York Times)
(Photo: Inside Havana) Cuba expands its limited free-market experiment (Los Angeles Times) Cuban barbershops and beauty salons are now joining a small but growing group of free-market entrepreneurs on the island: the government is allowing owners of these businesses to set their own prices for services rendered—according to the market, of course—and pocket their revenues, […]
Cuba offers payback plan for frozen bank accounts (Reuters) After freezing hundreds of millions of foreign businesses’ dollars in Cuban banks over the last 1-2 years, Havana is now offering a 2 percent interest rate and a five-year plan to pay these funds out to the companies that are owed. One loophole-sounding proviso: the payments […]
Remember the fable of the grasshopper and the ant? The ant toils away storing grain for winter, while the grasshopper parties through the summer and dies of starvation in the winter. Something like that is happening in Chile. Chile is the world’s largest copper producer. Like several resource-rich countries — especially those with oil like […]
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