Bali: Local Man Ends His Life After One Year Of Being Laid-Off
A 40-year-old man named I Made Budi Suwantara from Marga, Tabanan has decided to end his life after allegedly being depressed due to his financial situation. Suwantara was found dead […]
Beirut beware: Your ‘savior’ is running out of patience
Author HAFED AL-GHWELL December 12, 2020 Lebanese journalists attend a virtual press conference by President Macron on the country, at the Pine Residence in Beirut. (File/AFP) Short Url https://arab.news/2qvkg Despite […]
The new global economic crisis, a prelude to war
Nov 20,2019 -JORDAN TIMES – Shehab Al Makahleh The record debt of key world economies including the G8 is fraught with calamitous hazards for the international community. Thus, if deleverage takes place soon, this will be a prelude to a cataclysm conducive to WWIII similar to what happened when the […]
The far-right Sweden Democrats seized on social tensions caused by welfare cuts – that’s why they’ll win big in the Swedish election
Sweden is famous the world over for its pioneering work on gay rights, the environment, peace building, gender equality and humanitarian work. The far-right Sweden Democrats (SD) party, on the […]
New-wave economies going for growth
Guardian: They are big. They have young and growing populations. They have invested in infrastructure and education. And they are growing at the sort of rates that make them the […]
In Poland, embracing Europe but not the euro
Washington Post: By Michael Birnbaum: WARSAW — Here in Poland, where dreary communist-style apartment blocks still dominate the landscape, the euro was once hailed as a fast-track ticket to the economic […]
Banks foreclose on churches in record numbers
(Reuters) – Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data. The […]
Political Extremists Boost Clout Amid Europe’s Downturn
CNBC.com: Support for extreme political movements is building across Europe as the economy starts worsening again – and analysts and anti-extremist organizations are increasingly worried that parties on the left- […]
Recession has Portugal urging citizens to leave to find work
LISBON, Portugal – For nearly 600 years, Portugal had one of the greatest colonial empires in Europe, commanding trade centers in Africa, South America and China. Now, laid low by […]
The Great Repression In Europe And The US
Businessinsider.com: “No government has ever commanded the resources at the disposal of our ungodly Leviathan, which consumes about 25% of the product of the world’s richest country. It is driven by a voracious alliance of government’s own employees, and those who receive benefits from the state. At least 90 million […]
Spain growing barter economy: Pay your house rent with printers
(Reuters) – It’s 10.30 on a chilly winter’s morning in central Madrid and retailer Emanuela Scena is opening up for business. Her shop is one of several offering second-hand goods […]
Greek economy spirals down as EU forces final catharsis
A Greek default and traumatic ejection from the euro moved a step closer last night after eurozone finance ministers cancelled a crucial meeting, accusing Athens of failing to flesh out […]
Violence offers glimpse of Greece’s reform challenge
(Reuters) – Greeks swept rocks and broken glass from the streets of Athens on Monday after a night of violence that gave lawmakers a taste of the challenge they face […]
Eurogroup’s Juncker Warns of Possible Greek Default
Courtesy: CNBC: The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday. In an advance copy of comments to news weekly Der Spiegel, Juncker was quoted as saying […]
Insight: Davos elite see euro surviving, for now
(Reuters) – At a discreet farewell dinner in Davos for Swiss National Bank chief Philipp Hildebrand, a handful of guests including central bankers past and present were handed blank sheets of paper. […]
Eurozone will collapse this year, says Nouriel Roubini
Courtesy: The Daily Telegraph: “The eurozone is a slow-motion train wreck,” Mr Roubini said. “Countries – and not just Greece – are insolvent. I think Greece will leave the eurozone […]
Insight: West in political crisis has echoes of 1930s
(Reuters) – Dysfunctional politics threatens to deliver a protracted period of slow global growth, possibly lasting well beyond 2012, which will only deepen the political and economic problems for the West. The global financial crisis that began four years ago has morphed into a political crisis for the United States […]
Eurozone is closer to break-up, warns Standard Chartered’s Peter Sands
The Daily Telegraph: The head of one of Britain’s “Big Five” banks warned that any break-up of the single currency would have dire consequences for the global economy because it would be difficult to judge how the contagion would unravel. “Obviously we close 2011 with a huge amount of focus […]
Flash Crash Threatens to Return With a Vengeance
FT: …..But amid that list there is also another, often ignored, question to ponder: could 2012 produce a repeat of the “flash crash”, the bizarre episode that hit the U.S. equity markets back on May 6 2010? Think about it for a moment. A full 18 months have passed since […]
Architects of EU disasters in charge again
RT: The debt-stricken eurozone is set to enter 2012 in a gloomy mood with Italy’s borrowing costs remaining near the 7 per cent danger zone. The Italian PM has pledged more efforts to revive the ailing economy in his end-of-year speech. Still, there are huge doubts that the new men […]