Articles Category

by David Tweed 13 February 2017, 05:00 GMT+8 India, Indonesia, Malaysia and Vietnam have largely escaped U.S. President Donald Trump’s glare on trade, but he may yet come looking. The U.S. runs trade deficits with all of them, in some cases quite big ones. Trump’s exit from the 12-nation Trans-Pacific Partnership, his attacks on the trade policies of Japan, China and South Korea, and a Republican push for tax reforms that would impose a levy on U.S. imports from all countries are contributing to concerns that a protectionist era will hurtRead More

Posted On February 13, 2017By HoudiniIn Articles

How the World’s Fastest-Growing Economy Went Bust

Not so long ago, Mongolia was the world’s fastest-growing economy. Now, by nearly every metric, it’s in a dire fix. Its debt has surged, its currency has plummeted, and its budget deficit has widened alarmingly. Foreign investment has dried up and economic growth all but ceased. Even the poor antelope are beset by plague. Making matters worse, some staggering bills are coming due. The government, along with a state-backed development bank, is on the hook for more than $1 billion in maturing bonds over the next year, starting with a $580 millionRead More

Posted On February 10, 2017By Ophir IIIn Articles

The New Face of American Unemployment

Even at so-called full employment, some 20 million Americans are left behind. They’re looking for work, out of the labor force but unhappy about it, or report working part-time when they’d prefer more hours, according to data released last week. Their plight comes even as the U.S. flirts with what economists consider the maximum level of employment for the first time since before the recession, having added 15.8 million jobs since the start of 2010. While some of America’s jobless are simply between gigs, those persistently stuck out of workRead More
Perception of Banking Number 1: The ‘Safe  Deposit Box’ Most of us had a piggy bank when we were kids. The idea is really simple: keep putting small amounts of money into your piggy bank, and when a rainy day comes along, the money will still be sat there waiting for you. For a lot of people, this idea of keeping your money safe sticks with them into adult life. A poll done by ICM on behalf the Cobden Centre found that a third of the UK public still believeRead More

Posted On January 24, 2017By Darth VaderIn Articles

China’s Debt-Trap Diplomacy

NEW DELHI – If there is one thing at which China’s leaders truly excel, it is the use of economic tools to advance their country’s geostrategic interests. Through its $1 trillion “one belt, one road” initiative, China is supporting infrastructure projects in strategically located developing countries, often by extending huge loans to their governments. As a result, countries are becoming ensnared in a debt trap that leaves them vulnerable to China’s influence. Of course, extending loans for infrastructure projects is not inherently bad. But the projects that China is supportingRead More

Posted On January 20, 2017By Ophir IIIn Articles

How Deutsche Bank Made a $462 Million Loss Disappear

On Dec. 1, 2008, most of the world’s banks were still panicking through the financial crisis. Lehman Brothers had collapsed. Merrill Lynch had been sold. Citigroup and others had required multibillion-dollar bailouts to survive. But not every institution appeared to be in free fall. That afternoon, at the London outpost of Deutsche Bank, the stolid-seeming, €2 trillion German powerhouse, a group of financiers met to consider a proposal from a team led by a trim, 40-year-old banker named Michele Faissola. The scion of an Italian banking family, Faissola was theRead More
Lant Prichett, a Professor of the Practice of International Development at the Kennedy School of Government at Harvard University, said local students pay too much attention in memorisation for exams instead of understanding the study materials. “Most students leave primary and secondary school without mastering the subjects. By the time they reach the tertiary level, they are left far behind. There is no deep understanding of the materials. Instead, it is rote memorisation, applying theory and regurgitating it during exams,” he said as quoted by Free Malaysia Today. Pritchett hasRead More
Today, eight people have the same wealth as the poorest half of the world’s population. Stop and think about this. It is a mind-boggling concept. Last year we said we would have needed a double-decker bus to transport the 62 people we thought owned the same as the poorest 3.6 billion on the planet. In 2017, thanks to more accurate data, we find that in fact this group would fit in a single golf buggy. Today nearly 800 million people – one in nine – across the world will goRead More

Posted On January 19, 2017By Ophir IIIn Articles

Suicide to buy a house now, says consultant

PETALING JAYA: A property consultant has advised prospective house buyers to wait until property prices come down, saying making a purchase at current prices and in the face of a bleak economic outlook would be like committing suicide. Ernest Cheong, who has been a chartered property surveyor and consultant for more than 40 years, said the property market does not exist in isolation and people needed to pay attention to the local and global economic situation. He advised the public to shed the widespread belief that only house ownership couldRead More
Economic inequality in America has been rising steadily since the Reagan era. Why? A new research paper identifies what it say is the main culprit: the fact that we’ve stopped taxing the rich. There are, of course, many contributing factors to the post-Reagan Age of Inequality that has finally grown so dire that it is warping our electoral politics past recognition: the decline in union bargaining power, the influence of money on politics, the deregulation of the financial industries, fortunes spawned by new technologies, and more. But a new National BureauRead More