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China 'agrees huge Zimbabwe loan'
" China has agreed to give Zimbabwe a loan of $950m (£573m) to help it revive its battered economy, Prime Minister Morgan Tsvangirai has said. Mr Tsvangirai had been criticised by supporters of President Robert... Bear market trap
The terms bull market and bear market respectively describe upward and downward movements of a market over a prolonged period of time in which prices rise or fall faster than normal. The expressions "bullish" and... EVILS OF A PUBLIC CENTRAL BANK AKA THE USA FEDERAL RESERVE
""A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army...We must not let our rulers load us with perpetual debt." Thomas Jefferson,One of the... Economic Recession is bogging the whole world now...
As many industries suffer during the Quantitative Easing Explained
The FED started this week with Quantitative Easing (QE) that certainly shall speed up the evidence of further decline.I wrote about this in one of my previous articles. QE will weaken the dollar and its potential as reserve currency, the beginning of the end for a downfall of... Bailouts No Solution
Already a few say that stimulus plans make things worse. However too many don’t yet know the right course.It still is widely thought that this crisis is an economic recession that only lasts a couple of years,... Half baked Europe
The words 'half baked' were used about Europe's response to the crisis today by Joschka Fischer, Germany's ex-foreign minister until 2005. He was speaking on the BBC's HARDtalk programme about the sprawling... 367 views | 53 recommendations | 14 comments
Zimbabwe state employees to be paid in US dollars
The Zimbabwean government has decided civil servants will receive their salaries in US dollars in future. Hyperinflation has rendered the Zimbabwean dollar worthless. The government believes it is important for police officers, teachers and civil servants to receive a decent... Japan Finance Minister Nakagawa resigns after appearing tipsy
Although Japan's Finance Minister Shoichi Nakagawa denied that he was drunk during the G7 meeting in Rome, but decided to resign. The 50-year-old minister, a close ally of Aso, admitted to drinking some wine... G7 to avoid protectionism
" Finance ministers at a G7 meeting in Italy said raising barriers to free trade would make the downturn worse. Hours earlier, the US Congress approved an $787bn economic recovery plan that includes a 'Buy... Michael Moore Appeals For Help On Next Film
In an appeal to people everywhere who may have inside knowledge of the banking and investment industry, on his website today Moore asks for their help. "Will You Help Me With My Next Film? ...a request from Michael...
created by Emilio Lizardo | 20 wks ago | updated 20 wks ago
138 views | 38 recommendations | 6 comments
138 views | 38 recommendations | 6 comments
RBS to axe 2,300 UK jobs as former boss says he is 'sorry'
The Royal Bank of Scotland (RBS) are to axe 2,300 office jobs, but said there will be no branch job loses. Former RBS chief executive Sir Fred Goodwin said that he "could not be more sorry" for what had happened to... The mystery that is: Re-Capitalisation and the Economic Crisis
What exactly is capital? Well in this case it's the outstanding mortgages (the money it has lent and expects to get back) plus the value of the business itself, all minus the debts it owes (including to savers).For example - bank "Safe & Secure" has lent out £1000 (plus...The mystery that is: Debt-for Equity Swaps
Time to do some debunking and strip out some of the obscuring lingo from Debt-for Equity Swaps.Basically, this is a way of raising capital for banks (e.g. giving them more money so they can keep on lending/ not go bust). However, its advocates say that it's not at the... Open Forum 2009-The Global Finance Crisis, What can we learn?
A cold snowy winter set the backdrop for the World Economic Forum 2009. People rushed from meeting to meeting and the media weathered the cold interviewing dignitaries on the sidewalks and media center. A record...
created by Patricia Turo | 22 wks ago | updated 22 wks ago
405 views | 28 recommendations | 6 comments
405 views | 28 recommendations | 6 comments
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