3 MYTHS THAT BLOCK PROGRESS FOR THE POOR – by Bill Gates
Source: Bill and Melinda Gates Foundation By almost any measure, the world is better than it has ever been. People are living longer, healthier lives. Many nations that were aid […]
There Are 85 People Who Are As Wealthy As Half The WORLD, Oxfam Reports
Worldwide economic inequality is looking rather bleak these days, according to a new report by relief organization Oxfam. Oxfam’s “Working For The Few” report looked at Credit Suisse’s “Global Wealth Report 2013” and Forbes’ list of the world’s billionaires from 2013 to conclude that 1 percent of the global population […]
Investors Seek Yields in Europe, but Analysts Warn of Risk
LONDON — When Ireland recently made its first offering of new debt since leaving its bailout program, the Irish prime minister, Enda Kenny, was already focused on where the money would come from next. He was in Doha, Qatar, where he and the country’s prime minister, Abdullah bin Nasser bin […]
Global economic recovery feeds growing inequality
The economic recovery is gathering pace but too few people are feeling the benefits, and experts warn that rising inequality is the single biggest risk the world economy faces. The top line numbers are looking brighter: The global economy should grow by 3.2% this year, up from 2.4% in 2013, […]
Obama bans spying on leaders of U.S. allies, scales back NSA program
(Reuters) – President Barack Obama banned U.S. eavesdropping on the leaders of close friends and allies on Friday and began reining in the vast collection of Americans’ phone data in a series of limited reforms triggered by Edward Snowden’s revelations. In a major speech, Obama took steps to reassure Americans […]
Exclusive: Obama to announce overhaul to controversial NSA program
(Reuters) – President Barack Obama will announce on Friday a major overhaul of a controversial National Security Agency program that collects vast amounts of basic telephone call data on foreigners and Americans, a senior Obama administration official said. In an 11 a.m. (1600 GMT) speech at the Justice Department, Obama […]
Task Force Report Urges Municipalities to Stop Hiding Fiscal Troubles
WASHINGTON — After years of painful service cuts and devastating bankruptcies, culminating in the financial collapse of Detroit, state and local governments are being urged to stop using budget gimmicks that obscure the true extent of their money problems. On Tuesday, the State Budget Crisis Task Force released its final […]
U.S. profits could bounce in 2014 if economy gains steam
(Reuters) – A more robust U.S. economy could lift 2014 profits and boost corporate spending, giving some comfort to investors worried about bloated stock prices. Faster economic growth should translate into better sales growth for the Standard & Poor’s 500 index, and that has investors watching the coming fourth-quarter earnings […]
More of the jobless are giving up on finding work
NEW YORK (CNNMoney) The unemployment rate fell to 6.7% in December — the first time it’s been below 7% in five years. But the drop was for all the wrong reasons. The rate fell because many people got fed up, stopped looking for work and dropped out of the labor […]
Weak imports drive U.S. trade deficit to four-year lows
(Reuters) – The U.S. trade deficit fell to its lowest level in four years in November as exports hit a record high and weak oil prices held down the import bill, the latest evidence of strengthening economic fundamentals. Tuesday’s report left economists anticipating a far stronger growth pace for the […]
Hong Kong's Islamic Finance Goal Boosted By Based III Rule
Hong Kong’s Islamic finance goal boosted by Basel III rules Sukuk demand seen as rising as Islamic banks seek alternative to interest-paying bonds under regulatory need for more high-quality equity Enoch Yiuenoch.yiu@scmp.com Davide Barzilai, of law firm Norton Rose Fulbright, says the government’s timing is right for the launch of […]
Hong Kong’s Islamic Finance Goal Boosted By Based III Rule
Hong Kong’s Islamic finance goal boosted by Basel III rules Sukuk demand seen as rising as Islamic banks seek alternative to interest-paying bonds under regulatory need for more high-quality equity Enoch Yiuenoch.yiu@scmp.com Davide Barzilai, of law firm Norton Rose Fulbright, says the government’s timing is right for the launch of […]
Sacred Economics Vs.Financial Tyranny: Hunffingtonpost
K A B I R H E L M I N S K I T H R E S H O L D S O C I E T Y Dear Koya, I have never before offered my HuffPost blog to friends on our Threshold Society […]
French jobless claims in June reach record high
France 24: By News Wires (text) More people were jobless in France in June than ever before, data showed on Wednesday in a fresh blow to President Francois Hollande’s pledge to reverse the rising unemployment trend by year-end. The latest worsening of the job market, which came despite signs this month of […]
European Parliament identifies Wahabi and Salafi roots of global terrorism
Source: Dawn It is not merely the faith or oil that flows out of Saudi Arabia. The oil-rich Arab state and its neighbours are busy financing Wahabi and Salafi militants across the globe. A recent report by the European Parliament reveals how Wahabi and Salafi groups based out of the Middle East […]
The Markets’ Worst Kept Secret
Source: Forbes Here’s what your stockbroker and the media aren’t telling you: the world is more indebted now than it was at the height of the financial bubble in 2007. That’s right. Despite the extraordinary government intervention of the past six years. Despite continuing optimism of a recovery. Despite the […]
Bangladesh Forex reserve over $15 bln
By Abdur Rahim Harmachi Chief Economics Correspondent, bdnews24.com For the first time, the central bank’s foreign exchange reserve has remained above $15 billion-mark after paying dues of the Asian Clearing Union (ACU). The reserve had come down to $14.78 billion after clearing ACU’s $718 million on Monday. Bangladesh Bank’s Forex […]
Op Ed: The Culture of Confrontational Politics in Bangladesh
By Rahim M. Quazi A complex array of hurdles, compounded by political instability, is posing a formidable hurdle to Bangladesh’s achieving economic prosperity. The post-independence political frontier in the South Asian nation has been extremely turbulent. Two elected heads-of-state were killed by army coups, nearly 25 unsuccessful coups were staged, […]
Bangladesh grows – on remittances, exports
Source: BD News 24 By Abdur Rahim Harmachi, Bangladesh’s economy has achieved an average growth of over 6 percent over the past five years primarily due to the healthy flow of remittance and rising exports. Both exports and remittance flow from expatriate Bangladeshis have doubled over the last five years despite […]
Dhaka: A life=Tk 1 lakh
Source: The Daily Star By SUSHMITA S PREETHA Workers of Outwear Fashions Ltd take to the streets in Sheorapara in the capital demanding better pay and longer maternity leave. They blocked Rokeya Sarani and called on garment workers of other factories to join them. The workers of other factories, however, refused. […]