A 49-year-old Egyptian man poured fuel over himself and set himself ablaze in front of the Egyptian Parliament on Monday morning because he could not afford to buy bread.
"These economies are clearly overheating and governments are putting measures in place to slow them down to fight inflationary pressure. More than anything else, food inflation is a problem," Gijsels said. "In countries were 70% to 80% and sometimes
“$12.3 trillion of our taxpayer money!” shout the bemused spectators as pigeons emerge from the showman’s gloved hands. “We could have used that money to build roads and bridges, pay down the state’s debts, keep homeowners in their homes!”
BEIJING—Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a "product of the past
Irish Prime Minister Brian Cowen announced Sunday he won't resign despite intense criticism of his management of the country's European-record deficit and its international bailout. Cowen's declaration follows several days of talks with lawmakers
Demographic trends have played a decisive role in many of the great invasions, political upheavals, migrations, and environmental catastrophes of history. By the 2020s, an ominous new conjuncture of demographic trends may once again threaten...
Paper money always fails and wipes out the people who depend on it.
Hong Kong remained the world's freest place to do business for the 17th year in a row in an annual US league table published Wednesday.
Two leading rating firms have cautioned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that they say needs correction.
America was founded on certain principles: those of individual liberty and responsibility, a small federal government, and sovereign states that would protect their citizens’ unalienable rights. Over time many Americans got so involved in living the
The risk that parlous government finances will trigger sovereign debt defaults remains one of the biggest threats facing the world in 2011, according to the World Economic Forum. Punishing levels of public debt built up to counter the financial c
China has launched trading in its currency in the U.S. for the first time, an explicit endorsement by Beijing of the fast-growing market in the yuan and a significant step in the country's plan to foster global trading in its currency. The state-
Tons of CNBC guests talked about how bullish they were on fertilizer stocks. You'd hear stuff like, "Things couldn't be better for the industry."
's projected to take us slightly longer to get to the next big, round number with lots of zeroes -- 14 years instead of 12. While the total number of people on the planet is still growing fast, the nature and speed of that growth has been changing d
Higher-yielding euro zone bonds suffered on Friday as upcoming debt sales from the region's peripheral states unsettled investors, though safe-haven gains for German debt were limited ahead of key U.S. jobs data. Yield spreads against Bunds widened s
World food prices rose to a record in December on higher sugar, grain and oilseed costs, the United Nations said, exceeding levels reached in 2008 that sparked deadly riots from Haiti to Egypt.
Latvia is broke… I’m talking flat broke– more than Spain, Greece, California, etc. And because this small Baltic, former Soviet republic is not in the Eurozone, it’s generally been left for dead by the EU’s larger economies save a few handouts here a
Israel told US officials in 2008 it would keep Gaza's economy "on the brink of collapse" while avoiding a humanitarian crisis, according to U.S. diplomatic cables published by a Norwegian daily on Wednesday.
World food prices rose to a record in December on higher sugar, grain and oilseed costs, the United Nations said, exceeding levels reached in 2008 that sparked deadly riots from Haiti to Egypt. An index of 55 food commodities tracked by the Food a
The World Bank is issuing its first bonds denominated in China's yuan in Hong Kong, joining a growing number of borrowers tapping the new debt market as Beijing gradually promotes of its tightly controlled currency abroad.
Shawn Perger is the founding CEO of Foremost Research Group Inc. based in Vancouver, Canada.
ForaTV, in conjunction with the Australian Broadcasting Corporation, shares another terrific must watch presentation, this time by one of our favorite socioeconomic historians, Niall Ferguson, who in this lecture talks in depth, and with an objective
Construction is 60-plus percent of GDP, compared to exports of 5 percent... The problem is that consumption as a percentage of Chinese economy has declined in the last 10 years, from 40 to 35 percent. It’s all real estate...When construction is 60
Chile’s unemployment rate dropped to 7.1% for the September to November reporting period. Santiago’s rate dropped to 7.0%.
Responsible bankers are concerned – and may have a solution.
While Chile does have a lot of advantages, though, it is certainly not alone– There are opportunities everywhere for people who are willing to see, and as I was looking back over this year’s letters, I came across this one from Panama in which I desc
The Principles of LRC - And who hates them. Article by Lew Rockwell / Invest in Gold Ahead of the Chinese, Who are investing in it ahead of the Fed, says Richard Daughty, the Mogambo Guru.
However you look at it, the States have a huge collective hole in their budgets. And this hole is going to get worse, before it gets any better—just like the Federal government’s massive yearly deficit.
“Chile has been capitalizing from its recent worldwide publicity during the miner rescue this year; the world saw that Chile is not a basket-case Banana Republic, but rather an extremely strong, civilized country.
Without Borders, the publication, is a newsletter that is little more than a running account of my travels and what our roving band of intrepid capitalists are doing with our time and money. As a going concern, Without Borders as a community of like-