China has started an investigation into US dumping of poultry, after US President Barack Obama’s decided to impose emergency tarriffs on Chinese tyres. Is the dispute a case? Not at all. As a matter of fact, the number of proposed G20 “safeguard” measures has increased dramatically.
“On average a G20 member has broken the no-protectionism pledge once every three days,” [...]
Why do the economic bubbles keep coming back? Did someone actually engineer all these? All our losing money must be going somewhere eventually, where did they go? This article shall provide you with some hints…. – Cindy Lee
Hi all,
This is quite an interesting article about the case for ‘local’ rather than ‘global’ banks; for more micro-finance and less macro-finance.
Something to ponder anyway.
Phillippa
Here’s an article that provides a lesson or two about the financial crisis, depicting what’s wrong or right regarding conventional concepts of equity and housing investments. The most important one that should be noted is that housing prices DO slide down, and stocks, even investing them in the long-term, are not bullet-proof against any kind [...]
Tagged finance, financial crisis, usThis past year has seen the world riddled with economic uncertainty and financial turmoil. Since the Lehman collapse in September of 2008, much has been written/ said/ commented about the cause/ roots/ history of the problems in the global financial order.
But perhaps the most refreshing of literature on this were ones that came out as the [...]
The BBC is reporting that five BofA execs have been called to testify as to how much they knew about Merrill-Lynch’s financial woes prior to their acquisition last year.
The suit was brought by shareholders claiming that BofA deceived them. I have to wonder if it’s really in the greater good to sue BofA for trying [...]
Unemployment in the US will continue to grow for another 18 months, despite claims that the economy is back on track, said economist Paul Krugman on Wednesday.
See the Reuters report here for more.
The story is an important one as it offers some insight into how the world’s economy may deal with the gradual return to [...]
A Guardian Podcast (The Business) retrospective look at the year that followed the fall of Lehman, and asks: What Lessons have we learnt?
Analysing the credit crunch from a predominantly British perspective, albeit with the American input of Guardian America’s Michael Tomasky, it gives a basic and accessible introduction into the thoughts on the last year of the [...]
The latest data show that the US housing sector is showing signs of recovery after years of dismal performances. This is actually good news for the US as well as the rest of the world, which is waiting for the world’s largest consumer economy to get back on its feet. However, the real economic indicator [...]
Tagged finance, usPeople have been talking about the dramatic loan increase in China since the beginning of this year, yet those small enterprises are not the beneficiaries… Banks shut the door for different kinds of reasons. Let the figure talk: Where have all the loans gone, take a peep
Tagged china