For years, oil analysts have suggested that Saudi reserves are nothing like the kingdom claims them to be Robert Fisk @indyvoices Thursday 28 April 2016 Just like his adventure in Yemen, Saudi Arabia’s young Deputy Crown Prince Mohamed bin Salman got it all wrong this week. It’s not Saudi Arabia […]
During the financial crisis, the central banks of the United States, United Kingdom and Japan created $3.7 trillion in order to buy assets and encourage investors to do the same. […]
Source: CNBC By Javier E. David Big multinational companies that shelter overseas profit from federal taxation cost the U.S. economy more than $100 billion a year by withholding more than […]
By Syed Muhammad Saleh Nasser & Syed Muhammad Tahir Nasser Economic inequality is bad news for both rich and poor, as economists are slowly realising. House of Debt, acclaimed by the Financial Times as the “most important economics book” of 2015, by Princeton’s Professors of Economics, Atif Mian and Amir Sufi, demonstrated […]
Source: Business Insider Here’s a story you’ll be hearing about a lot this year. Chinese companies have beenbuying up foreign businesses — including American ones — at a record rate, […]
For 70 years, a slice of the Atlantic Ocean has spawned conspiracy theories to explain the disappearance of planes and ships Image Credit: Published: 10:45 December 31, 2015 By Giles Milton Add to My Gulf News SHARE The message picked up by the control tower was as bizarre as it […]
Source: BBC China has announced $60bn (£40bn) of assistance and loans for Africa to help with the development of the continent. President Xi Jinping said the package would include zero-interest […]
It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for regime change in a period of just a few years. But after claims of “genocide” as the justification for NATO intervention were disputed by experts, several […]
DETROIT — This city is learning that it is expensive to go broke. Even as it wrestles with the $18 billion of debt that has overwhelmed it, Detroit has already been billed more than $19.1 million by firms hired to sort through that debt, search for ways to restructure it, […]
JPMorgan Chase, seeking to avert a wave of litigation from the government, is negotiating a multibillion-dollar settlement with state and federal agencies over the bank’s sale of troubled mortgage securities to investors in the run-up to the financial crisis. During settlement talks this week, proposals emerged that would require JPMorgan […]
U.S. home prices posted year-over-year gains for the fourth consecutive quarter as prices rose 10.2% in the period ending in March, according to the S&P/Case-Shiller national index. The index posted its highest annual returns since 2007, according David Blitzer, head of S&P’s index division. But the strong gains over the […]
Source: Mother Jones A John Deere combine harvests corn. USDA/Wikimedia Commons Every year, nearly 30 percent of US farmland gets planted in corn, and our farmers produce close to 40 percent of the corn produced on Earth each year. So why do we grow so much of this one crop—and […]
Wall Street is hopeful that American companies, after years of gaining ground at the expense of their employees, will start to succeed because of the rising fortune of those workers. Less than a week since the Dow Jones industrial average hit its all-time high, the broader Standard & Poor’s 500-stock […]
Banks Settle Foreclosure Charges for $8.5 Billion Story tools New America Media, News Report, Ngoc Nguyen and SuZanne Manneh, Posted: Jan 10, 2013 SAN FRANCISCO – In light of a recent $8.5 billion settlement between federal bank regulators and 10 big banks, 3.8 million homeowners can expect to get a check in the mail.The agreement, […]