the biggest non-news of the day, Germany's Finance Minister Wolfy Schaeuble finally admitted, officially for the first time, what everyone knows: Greece will need a third bailout.
Oh how the house of cards is falling. I cannot wait until the bandage is ripped off and we can endure the pain and see better days. I cannot wait to see all these fuckers hang.
Hungary is about to pay off its debt to the International Monetary Fund and then wants the creditor gone. The country was saved with $25 bln IMF loan five years ago but isn't renewing the aid in order to avoid closer scrutiny of its policies.
Our Research Fellow George Ayittey met the Irish rock star Bono in July 2007 during a TED conference. Professor Ayittey was speaking and in knowing that Bono would be in the audience, he explains that.....
Growth is slowing sharply in emerging markets like China, India and Brazil. Europe is still ensnared in a recession. Japan is only now taking baby steps forward after a decades-long duel with deflation.
Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules.
How much is 1,000,000,000,000,000 yen worth? Well, a quadrillion yen is worth approximately 10.5 trillion dollars. It is an amount of money that is larger than the “the economies of Germany, France and the U.K. combined“. It is such an astounding
Of course the bank got sore 2 years later and tried to sue the credit card holder. It failed. The credit card company should have read the terms of the contract I guess.
As the Greek Prime Minister, Antonis Samaras, visits the US to promote his nation as a "bastion of stability" in the eastern Mediterranean, things appear to be going from worst to worster in his nation.
The Russian Bear is stronger and more powerful than it has ever been before. Sadly, most Americans don’t understand this. They still think of Russia as an “ex-superpower” that was rendered almost irrelevant when the Cold War ended. And yes, when t
One of these charts represents the equity market of an over-levered, recovery-hoping, money-printing nation that shows no signs of removing its training-wheels-efforts to devalue its currency and reflate its economy... the other is Japan.
If destruction is nothing but a boost to the economy as the global Keynesian brotherhood of voodoo priests believes, than Kenyan (not to be confused with Keynesian of course) GDP is about to go vertical.
Berlusconi, besides being an influential politician, is the owner of Italy’s biggest TV-broadcasting company. Italy has a public television funded by a TV-tax and by advertising. Until the ‘80s there wasn’t such a thing as commercial TV in Italy.
Bill Domenico (Green Beam laser) provides an update on his run-in with the Manchester PD and the citation he was given for free speech by not getting a 'sign permit' - Alessandro Fusillo (Attorney from Italy) on Italy's 'Fiscal Police' that enables..
It would be the epitome of human folly to ignore the repetition of the same Wall Street financiers who have routinely inflicted financial chaos and abject poverty by debt upon the under-developed world for decades, who now have leading roles
Thanks to Edward Snowden, children all across America could be rejoicing at the prospect of seeing less Broccoli on their dinner plates after a tariff-free trade agreement between the United States and Ecuador on the imports of frozen broccoli, flowe
--Ecuador's National Assembly approved a law late Tuesday to compensate exporters affected by the expiration of the U.S.-Andean Trade Preferences and Drug Eradication Act, or Atpdea.
We are going to have to triple – at least – energy production by the end of this century to meet expected demand. To meet that demand, we will need to build, roughly speaking, something like: 1,800 of the world's largest dams, or 23,000 nuclear powe
A team of researchers at the Swiss Federal Institute of Technology in Zurich studied the relationships between 37 million companies and investors worldwide, and what they found was absolutely stunning. What they discovered is that there is a "supe
Are the big banks really as powerful as some people say that they are? Do they really control the global economy? If y0u asked most people, they would tell you that governments control the global economy. But the campaigns of our politicians are f
Never before has the world faced such a serious debt crisis. Yes, in the past there have certainly been nations that have gotten into trouble with debt, but we have never had a situation where virtually all of the major powers around the globe were
We are number 1 right? USA! USA! No one can beat our wealth creation machine, our economic dynamism, our level playing field and our bastions of higher education. We have a middle class that is the envy of the world, right? Well, like so much of t
Obama Administration may be siding with Argentina in NML Capital v. Argentina.
Mariano Rajoy, the Spanish prime minister, refused to bow to pressure to resign amid increasing scrutiny over his alleged involvement in a funding scandal that threatens to derail the government.
There is absolutely zero reason to be afraid of the “New World Order.” It’s here already. It was set up behind our backs in the shadows, while most of us were firmly asleep in the matrix. The only thing we need to do now is focus our efforts on d
The appointment of el Beblawi appears to indicate that the interim government is turning one eye to Egypt's pressing economic problems.
Mr. López is one of about 300,000 Spaniards who, in the midst of a brutal recession, have seen their life savings virtually wiped out in what critics call a deceptive and possibly fraudulent sales campaign by banks that were
Gemstones and jewelry are fetching record prices at auctions, while gold falls and stocks remain volatile. The combination is boosting the appetite for diamonds as investments.
But in an African slum with little of the national currency available, supplying residents with an alternative currency has a positive effect that is obvious, immediate and incon
19 Reasons To Be Deeply Concerned About The Global Economy As We Enter The 2nd Half Of 2013