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Big Brother in Action: EU wants Power to Sack Journalists

“In case you have not already realized it, 1984 has come and gone politically. All that remains is how fast we march down the path of “thought suppression” — Thu, 31 Jan 2013 00:21:00 -0800
The global economic recovery and the reduction of risks in the world this year should support it. … All these trends have to support the growing optimism in global financial markets that will benefit higher-yielding assets, including the kiwi. — Thu, 31 Jan 2013 00:06:03 -0800
(Reuters) – Japanese Prime Minister Shinzo Abe waded into the growing global debate about currency wars for the first time on Wednesday, shrugging off criticism that Tokyo was trying to intentionally weaken the yen with its monetary and fiscal … cash into more attractive markets such as South Korea and forcing their currencies higher, making their financial markets more volatile and potentially jeopardising export growth that governments are counting on to fuel economic recoveries. — Thu, 31 Jan 2013 00:00:00 -0800
If household credit growth, which BoC Governor Mark Carney has repeatedly called the “greatest threat to our domestic economy”, continues to stabilize, the BoC’s interest-rate policy should align more closely with the actual economic data going … On an overall basis, the report states that while “global tail risks have diminished [meaning the risk of a systemic shock to the global financial system that could be caused by an event like a sovereign debt default], the global outlook is … — Wed, 30 Jan 2013 23:32:20 -0800
Bill Gates: Finance tax should aid world’s poor. Bill Gates was the star … US investor George Soros has warned Germany’s push for austerity in Europe could spark a dangerous “currency war” with global economic repercussions. READ (17 … — Wed, 30 Jan 2013 23:12:00 -0800
The global financial system is a casino with private profit and public risk, thanks largely to something power keeps people from thinking about, much less understanding: Derivatives. “Derivative” is a well-groomed way to say a side bet has been …. the City of London, Frankfurt, and other money centers. A concerted effort has been made by politicians and the news media to hide and camouflage the central role played by derivative speculation in the economic disasters of recent years. — Wed, 30 Jan 2013 23:03:00 -0800
The problem is particularly acute for big banks such as Goldman Sachs Group Inc or JPMorgan Chase & Co, several senior bank chief executives, managers and consultants told Reuters in interviews at the World Economic Forum here. “There is a massive talent … The financial sector globally received trillions of dollars of government support during the worst of the crisis, and new regulations are designed to ensure that bailouts are not necessary in the future. But many of the biggest … — Wed, 30 Jan 2013 22:14:28 -0800


Crunch year ahead: Lagarde

“2013 will be a make-or-break year” for the global economy, International Monetary Fund (IMF) managing director Christine Lagarde said in a keynote speech as the World Economic Forum opened in Davos, Switzerland, on Wednesday. Short-term pressures have been alleviated and financial conditions somewhat stabilised but uncertainty remains high and recovery weak, she said, citing a just-released IMF report that forecasts global growth to remain at 3.5 per cent, just up from 3.2 … — Tue, 29 Jan 2013 23:27:28 -0800
Keeping an eye on global economic events … Economists and financial analysts are counting on the wisdom of the Federal Reserve Bank to continue its efforts to keep mortgage interest rates at their lowest levels in history for most of 2013. — Tue, 29 Jan 2013 23:09:06 -0800
Foreign stocks finished Tuesday trading on an upbeat note after US home price data, as well as comments over improved growth in China, offered hope of a coming economic recovery. … Markets, Russia and the global economy, Finance … — Tue, 29 Jan 2013 21:52:00 -0800
Mish’s Global Economic Trend Analysis: France “Totally Bankrupt” Says Labour Minister; Inappropriate or Inaccurate? Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary … — Tue, 29 Jan 2013 21:31:24 -0800
Japanese equities have soared on expectations Prime Minister Abe’s leadership will be a game changer for the economy, but is there is too much optimism priced into the stocks? … The BoJ has been the least expansionary of major central banks since the 2007-2008 global financial crisis, Evans said, adding that its planned balance-sheet increase this year pales by comparison with the $1 trillion of assets that the U.S. Federal Reserve is slated to purchase. The Japanese central … — Tue, 29 Jan 2013 20:17:00 -0800

"We Are Going To Kill The Dollar"

“We Are Going To Kill The Dollar”

Infowars posted an interesting clip of a Kyle Bass interview regarding the fate of the US dollar. Let’s take a look at the video. — Mon, 28 Jan 2013 22:56:00 -0800
Passenger traffic at the mainline Singapore Airlines unit, measured in revenue passenger kilometres (RPKs), soared by 7.8% from 65.6 billion in the first 9 months of FY2011/12 to 70.8 billion this financial year, outpacing a 4.9% growth in … While achieving passenger traffic growth at both full-service carriers amid global economic uncertainties throughout the first 9 months of FY2012/13 may seem to be satisfactory at first glance, Singapore Airlines’ 9-month results are likely to be … — Tue, 29 Jan 2013 02:30:40 -0800
SIENA/ROME (Reuters) – European Central Bank head Mario Draghi, head of Italy’s central bank until 2011, met Economy Minister Vittorio Grilli to discuss the widening scandal at Monte dei Paschi bank a day before Grilli was due to … from 2005 until late 2011, Draghi was responsible for supervision of the banking sector when Monte Paschi got into trouble following its 9-billion-euro cash acquisition of rival Banca Antonveneta in 2007, just before the global financial crisis broke out. — Tue, 29 Jan 2013 02:26:39 -0800
The measures have just disguised problems of the eurozone, with Greece, Spain and Portugal still likely to leave the currency bloc according to Russia’s ex- Finance Minister Aleksey Kudrin speaking at the World Economic Forum in Davos. “Nothing has been settled, everything has been postponed. … Buzz: Waiting with bated breath ahead of jobs reports. Global investors are currently holding off on making any drastic moves as they await a series of labor reports later this week. — Tue, 29 Jan 2013 01:51:01 -0800
“We’re aiming for a BIT that gives a high level of openness to investment across the economy, provides strong rules on investor protection and transparency, and offers effective means for resolving investment disputes,” said Robert D Hormats, US Under … “This dialogue takes on even more importance with the growing role of the Indian Ocean in global energy shipments, regional energy and maritime security, growing power needs, and sustainable clean energy objectives,” he said. — Tue, 29 Jan 2013 00:59:07 -0800


The A-List from the Financial Times provides timely, insightful comment on the topics that matter, from globally renowned leaders, policymakers and commentators. … to make money than sense out of China’s banks. These big four state-owned commercial banks are huge profit centres, but many who see vulnerabilities in China’s economy think that these banks are the problem when they actually reflect symptoms of distortions elsewhere. China’s banks are in fact too secure – and their … — Mon, 28 Jan 2013 23:00:22 -0800



Musings on Davos

The risk is that reduced financial tension will contribute to broader policy complacency. That doesn’t change our view of a better global growth environment in 2013, however it makes me concerned that the key developed economies might … — Sun, 27 Jan 2013 17:34:00 -0800


Libertarian turned Keynesian

Let’s say there are 8 million healthy, unemployed people in US… — Sun, 27 Jan 2013 21:09:00 -0800

Worse to come for Spanish economy

However, the IMF’s World Economic Outlook gave a brighter summary for 2014, estimating that output in Spain will increase by 0.8%, against a global increase of 4.1%. Spain’s government announced it expects output to fall by 0.5% this year, … — Sat, 26 Jan 2013 00:30:50 -0800
Experts from NYU Stern School of Business analyze new financial regulations and what they mean for the economy The NYU Stern School of Business is one of the top business schools in the world thanks to the leading academics, researchers, … In Regulating Wall Street: The New Architecture of Global Finance , an impressive group of the Stern school’s top authorities on finance combine their expertise in capital markets, risk management, banking, and derivatives to assess the … — Fri, 25 Jan 2013 23:11:00 -0800
WEF’s dogmas and policies are so perverse that they drive financial crises, create crony capitalism, and make WEF’s leading products (the Global Competitiveness Index (GCI) and Global Risk Reports (GRR) epic embarrassments. The WEF is … — Fri, 25 Jan 2013 23:01:52 -0800
Increasingly interconnected national economies need financial institutions and markets that efficiently cross borders as well. Further, the many links that already exist in global finance require cooperation on financial regulations to avoid a race … — Fri, 25 Jan 2013 22:03:14 -0800
It is correct, in their view, not to call this group a «small core» but a super entity, which runs the economy, finance and politics on a global scale. The «Small core» also became known as the Committee of 147 – analogous to the Committee of … — Fri, 25 Jan 2013 18:31:14 -0800
There is much talk of a triple dip recession in the UK. It depends on how you define it. If you call a recession two consecutive quarters of decline in GDP, with any quarter of positive growth ending the recession, then answer is yes. — Fri, 25 Jan 2013 17:11:00 -0800

Top banks play defence at Davos.

Min Zhu, the deputy managing director of the International Monetary Fund, said the banking industry was “still too big” compared to the size of the global economy. Min also warned that other financial organizations, such as hedge funds, are … — Thu, 24 Jan 2013 21:00:00 -0800
… has turned the corner. Even so, this year’s economic outlook remains dire. A forecast. … global finance, global economy, economic crisis. Global Finance Blog. Monitoring International Finance & Investment,,,. Home · About Us · E-Commerce … — Thu, 24 Jan 2013 21:04:29 -0800
This triggered a financial collapse, which in turn triggered the recession where the “real economy”–like industry, agriculture and the service sector–faltered. An oddity among the twelve nations was Poland, which escaped the global crisis … — Thu, 24 Jan 2013 19:54:24 -0800
By: Michael Ivanovitch | President, MSI Global. Getty Images. The poor in New Delhi, India. “In the last two years, we … If it is true, as the central bank says, that the potential growth rate of Indian economy is now down to 7 percent (from 8.5 percent estimated before the 2008 financial crisis), then it is clear that destabilizing inflation pressures would put a sustained 8 percent growth over a five year period out of bounds. Could India raise its noninflationary growth potential? Yes, it could.
The positive global economic data has boosted investor appetite for riskier assets, buoying global equities and some commodities. In the United States, investors are closely watching the Seaway oil pipeline, after its operator reduced on …


Gallup Poll on Obama's Proposals to Address Gun Violence

Gallup has an interesting poll on Gun control. Republicans, Independents, and Democrats are in agreement far more than one might have thought. — Wed, 23 Jan 2013 23:45:00 -0800
Official figures from the finance ministry showed Japan’s trade shortfall last year totalled 6.92 trillion yen ($78 billion), with the deficit in December alone standing at a higher-than-expected 641.5 billion yen. The data marked a second … But analysts said the 2012 figures may mark a low point for Japan’s trade picture as the global economy stages a recovery with China and other Asian economies leading the pack, while the US economy also improves. “The figures will likely be better in … — Wed, 23 Jan 2013 23:09:24 -0800
India, China to lead global economy in 2013: Report. … More than a third (34 percent) of businesses in the BRIC economies cite the cost of finance as constraints on their growth prospects, compared with 17 percent in Group of 7 countries. — Wed, 23 Jan 2013 22:47:01 -0800
Global investors say the state of the U.S. government’s finances is the greatest risk to the world economy and almost half are curbing their investments in response to continuing budget battles, a Bloomberg poll shows. … Even with stocks at a … — Wed, 23 Jan 2013 19:34:35 -0800
Min Zhu, the deputy managing director of the International Monetary Fund, said the banking industry was “still too big” compared to the size of the global economy. Min also warned that other financial organizations, such as hedge funds, are … — Wed, 23 Jan 2013 19:23:03 -0800

Let Elderly People 'Hurry Up and Die"

Taro Aso said on Monday that the elderly should be allowed to “hurry up and die” to relieve pressure on the state to pay for their medical care. — Wed, 23 Jan 2013 00:05:00 -0800
“I think in general they see this crisis as a way to show the world that they have some answers and they’ve moved on,” said Tim Ash, head of CEEMEA research at RBS in London. “It is a great opportunity for them to re-jig the global financial … — Tue, 22 Jan 2013 23:00:00 -0800


202 million people worldwide jobless

Economic news. Worldwide unemployment hits new high: report. Five years after the global financial crisis hit, unemployment numbers continue to soar, with a record 202 million people worldwide expected to be officially jobless this year, the … — Tue, 22 Jan 2013 20:58:00 -0800
Singapore, 23 January 2013 – MasterCard Worldwide released a new Insights Report today which assesses the extent to which a slower growing global economy and specifically a slowdown in merchandise exports, will impact the resilience of consumer confidence in key markets in Asia/Pacific and the Middle East. The report – “Consumer Confidence in a … The Index and its accompanying reports do not represent MasterCard’s financial performance. “The strong growth in global … — Tue, 22 Jan 2013 20:15:52 -0800


World's 100 richest earned enough in 2012 to end global poverty

The world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich. … “The richest 1 percent has increased its income by 60 percent in the last 20 years with the financial crisis accelerating rather than slowing the process,” while the income of the top 0.01 percent has seen even greater growth, a new Oxfam report … — Mon, 21 Jan 2013 22:19:22 -0800
The economic, social and political environment is improving and African countries are now expected to become sources of global economic growth. Probably, this will take longer than hoped, because of the external economic … Whilst Africa itself deserves credit for much of what has been achieved since 2000, the response of international partners to Africa’s development financing needs has also been positive. During the period between 2000 and 2008, aid to Africa doubled, as a … — Mon, 21 Jan 2013 23:00:24 -0800
In an Orwellian doublethink twist this privatization is done in the name of free markets, despite being imposed by global financial institutions whose administrators are not democratically elected. The Greenspan tax shift played on the fact that … — Mon, 21 Jan 2013 23:00:04 -0800
The GDI Index defines dynamism as the changes to the economy which have enabled recovery from the 2008-09 economic recession and are likely to lead to a fast rate of future growth. In the Grant Thornton Global Dynamism Index (GDI), … — Mon, 21 Jan 2013 22:15:10 -0800
Markets, Russia and the global economy, Finance. RIA Novosti / Ruslan Krivobok. Russian indices are expected to open in the black on Tuesday following a day of slight decline in trading. On Monday the MICEX lost 0.19% and the RTS … — Mon, 21 Jan 2013 22:06:03 -0800
personal-finance Add comments. Jan 222013. Asian currencies had a fourth weekly gain, the longest winning streak since September, on optimismthe global economy is recovering. China’s economic growth accelerated for the first time intwo … — Mon, 21 Jan 2013 21:50:18 -0800

Unwarranted optimism in China and Europe


While a limited war between China and Japan over the islands — perhaps of the scale of the Falkland War between Britain and Argentina in the 1980s — would be unsettling for the global economy. — Sun, 20 Jan 2013 22:35:59 -0800
After all, OUR financial wizards are too smart to let that happen! Not so … Rhetoric is on the rise with the Bank of Korea threatening “an active response”, Russia now suggesting reciprocal devaluations will occur (and hurt the global economy) … — Sun, 20 Jan 2013 22:17:18 -0800
The world’s financial and political elite will head this week to the Alps for 2013′s gathering of the World Economic Forum in Davos, Switzerland, with the global economy far less plagued by fear than it was last year. Much-feared worldwide … — Sun, 20 Jan 2013 21:37:01 -0800
Worry on the global economy and impact on fuel demand were renewed after consumer sentimentin the United States dropped to the lowest in a year in January, as a result of the uncertainty surrounding the country’s debt crisis. That added to …
We follow the world’s economic trends and always be searching for the market-moving insight that everyone else has missed. By EmailPosts … The global economy has never seen anything like the sovereign debt bubble that we are experiencing today. The United States, Japan, and nearly every major nation … But Japan has the highest debt-to-GDP ratio of any advanced economy, and it has continued to be able to finance its debt at extremely low costs. When a government runs up … — Sun, 20 Jan 2013 19:33:33 -0800
The education crisis is more severe than any we’ve encountered. Energy policy has become critical both to the global economy and to our national security. Global finance sits at the backbone of our economy but operates from within closed IT … — Sun, 20 Jan 2013 18:33:37 -0800
FRANKFURT, Germany (AP) — The world’s financial and political elite will head this week to the Alps for 2013′s gathering of the World Economic Forum in Davos, Switzerland, with the global economy far less plagued by fear than it was last … — Sun, 20 Jan 2013 18:28:55 -0800