“This government can not even breathe without taking a loan,” he added. “We had enough from this government, they are just spending and we have no money to pay bills and feed our children,” unemployed factory worker Stojanca Kostev said.
The IMF’s Il Houng Lee, Murtaza Syed, and Liu Xueyan have published a very interesting and widely-noticed study called “Is China Overinvesting and Does it Matter?”
Is the transcript for Mr. Poilievre's speech, "Avoid the Fiscal Cliff - Economic Freedom Speech" available. If so where would I go to download it? Thank you.Read Letter
There's a video floating around of Kyle Bass reiterating his case that Japan is going to go bust. His first reason: Because Japan has 1 quadrillion yen worth of debt, and it would take you 31 million years to count to one quadrillion.
In the duration of five months, the main bank of Iceland was nationalized, government officials were forced to resign, the old government was liquidated, and a new government was put in its place. By March 2010, Iceland’s people voted to deny payment
J. Kyle Bass, founder and principle of Hayman Capital Management, takes the stage with a compelling keynote address offering candid views on the state of crippled sovereigns and the global economy
Here in Chicago, shopping for last minute holiday gifts, it was easy to spot a trend that routinely presented itself in the checkout line. At the cash register, customers were, time and time again, using just that: cash, to pay for their purchases.
Sometimes prediction is easy. As 2011 bled into 2012, there was panic everywhere about the euro: It was doomed and it was going to take the global economy with it.
Despite the huge scarcity of real estate, thousands of owners hoard properties and are reluctant to sell because they expect prices to rise in the near future. The combination of a demand-supply mismatch and speculative urge provides op
The limitation of a public loan fund is that the money can be lent only to one borrower at a time. Invested as capital in a bank, on the other hand, public funds can be leveraged into nearly ten times that sum in loans. Liquidity to cover the loans
NYSE-Euronext is a 220-year-old icon of global finance, but its 12 year-old Atlanta-based rival, IntercontinentalExchange (ICE) will buy it for $8.2 billion, according to a deal that has just been announced.
A range of private players in the water arena, including water service companies like American Water, are part of a relatively new corporate effort to coordinate public outreach about the “Value of Water.”
Just for fun, imagine if all debt were wiped away when the Mayan Calendar ends this Friday…
Virtual communities have proliferated in recent years – a phenomenon triggered by technological developments and by the increased use of the internet. In some cases, these communities have created and circulated their own currency for exchanging the
Leszek Balcerowicz, the man who saved Poland's economy, on America's mistakes and the better way to heal from a financial crisis.
Equity and fixed income prices have reached unusually high levels that don't reflect the current weakening in the global economy, according to the Bank of International Settlements, leading to concerns of a fresh credit bubble.
Europe will have to work “very hard” to maintain its generous welfare system and remain competitive, German Chancellor Angela Merkel said. “If Europe accounts for just over 7.0% of the world’s population, produces 25% of global GDP and has to
Britain has already crashed over its own economic precipice, with the Conservative-led government unleashing a radical experiment in austerity since coming to power in 2010 that has seen public spending corralled and taxes increased on this side of t
Greeks earning more than €42,000 ($55,000) per year will now be taxed at a new top rate of 42 percent, under a major new tax reform bill submitted to the country's parliament late Thursday.
It appears as if there are some new developments going in on the Continent, that unfortunately appear to be old memes being resurrected for the 21st Century.
This excerpt from an opinion piece posted at Reuters entitled "Ethical economy: A tale of two half-centuries" was written by Edward Hades but it could have been written by any one of a number of people functioning within the power elite orbit.
It is a dark day for the rule of law. ~ Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank
The International Monetary Fund has warned that Hong Kong could see an abrupt fall in property prices after years of dramatic increases in one of the world's most expensive housing markets.
"The world of 2030 will be radically transformed from our world today," the report concludes. "By 2030, no country -- whether the U.S., China, or any other large country -- will be a hegemonic power." The report also finds that the empowerment o
In response to the failed banking system, in October 2008, Iceland’s revolution against this financial tyranny began, rather casually in the street, in front of the Icelandic general assembly.
A stock index that exclusively lists renewable energy companies in down 98 percent since fall of 2008, reports The Washington Times).
As home prices in Canada continue to trend upwards, there's been much discussion about whether this country's housing market is a bubble about to burst.
Excessive monetary stimulus and low interest rates create financial bubbles.
Standard Chartered Plc agreed to pay $327 million to U.S. authorities to resolve allegations that it violated U.S. sanctions laws, capping months of legal headaches for the British bank.
US and UK regulators will unveil the first cross-border plans to deal with failing global banks on Monday, outlining proposals to force shareholders and creditors on both sides of the Atlantic to take losses and to ensure sufficient capital exists.