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Many economists, politicians, and average citizens believe that the financial crash of ’07-’08 is over and we are just taking a little longer than expected to make a full recovery. This doesn’t seam to be the case however as the mistakes made five years ago haven’t been corrected and many financial institutions are
Recent economic reforms in Africa along with deals given to China over resource rights have allowed the continent to experience gradual growth despite the global decline. The current North American drought however has caused food prices around the world to skyrocket and this trend poses a threat to all of the development Africa
100 years ago today, one of the most influential economist of the 20th century was born. Milton Friedman was a renowned scholar who ripped holes in the economic theories of John Maynard Keynes and other progressives while also serving as economic advisor to such leaders as Ronald Reagan. Business Insider relives one of his
Classified documents and national secrets have been around for hundreds of years. However a growing trend of over-classification is occurring in the US as almost every government document now has some type of classified status. The Electronic Frontier Foundation reports on recently unclassified documents and the absurd lack of reasons for their classification in the first place: The US
The global recession has caused a sharp decrease in demand for products worldwide. Big manufacturers like China and Japan have all revised this year’s growth forecasts. Despite the depression taking place mainly in Europe, large and small asian countries alike have felt the macroeconomic impact of the sovereign debt crisis. BBC News reports on
Long time gold skeptic Warren Buffett must be smiling right now as over the first six months of 2012, the precious metals market has taken a beating. However, many gold supports are looking at recent gains in the past few days as a sign that the rare material is prime for a comeback.
Around the world, countries have been unable to repay massive debts in wake of the global recession. In the US specifically, California is drowning in deficits created by huge welfare programs and lavish government spending. Stockton California has become infamous as the first US city to actually declare bankruptcy. Business Insider reports on California’s current
As financial dispair and desperation hit Europe, riots have been continuously breaking out in protest to the dire living conditions. As the situation continues to worsen in the US however, many politicians are calling for measures to move the country towards an authoritative police state in order to ensure ‘national security’. RT News reports on the government’s recent purchase
The financial crisis across the Eurozone has had ripple effects around the globe. Many of the eastern manufacturing powerhouses like China and others are all experiencing lulls in consumer demand and declines in production output. Despite expectations for a quicker recovery, the Japanese economy has been unable to bounce back from last year’s tsunami and
The extent to which the Chinese government will go to censor information from their citizens knows no bounds. Despite China’s growing move to westernize their economy and society, they still continue to frequently limit speech and strive to cover up the rampant corruption within the government. The Financial Times reports on China’s ban on news
The massive reach of the internet and today’s global technologies have created many entrepreneurial opportunities for people who have never had access before. The indiscriminate nature of technology has also allowed women to break through many long emplaced glass ceilings. CNN reports on Africa’s growing tech boom and the incredible women that are taking full advantage
The sovereign debt crisis occurring in Europe is one of the most severe depressions in decades. The peripheral EU nations of Greece, Italy, Spain and Portugal are all experiencing high unemployment and are struggling to keep in place their mandated austerity measures. One nation however is hurting more than others. Reuters reports on Spain’s grave unemployment
In the movie Minority Report, audiences witnessed a future where citizens iris’s were scanned at every turn in order to both track and market to individuals. This fiction however is soon to be reality as government agencies have begun increasing their use of biometric data. The Electronic Freedom Foundation reports on the current vulnerabilities of
One of the most important core values that Sovereign Man promotes is self-reliance. However, in the US and other countries, governments are making it increasingly difficult to live sustainably because of the threat it poses to the profits of private corporations and crony politicians. CNS News reports on the developing story of an Oregon man being sent
Despite the size of their economy and the amount of direct state support, China was far from immune to the global depressions occurring in Europe and the US. In 2011 Chinese investments took a massive hit but in spite of the loss, they feel confident in their long-term positions. CNN reports on the
