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With mounting budget deficits around the world, it is becoming almost impossible for governments to pay high yields on the sales of Treasury Bonds. Because of the economic uncertainty, banks interest rates have been almost nothing while in several cases the rate is actually negative. The Wall Street Journal reports on why central banks are
When Obama passed the Stimulus Package in 2009 to bailout the banks that were “to big to fail”, he claimed that by this point in 2012 the unemployment rate would already be back down to 5.6%. That figure is roughly 3% lower than the current unemployment rate but while job creation is lousy
Between the Euro and the USD, most currencies are currently experiencing harsh inflation as the global market gets flooded with stimulus and bailout packages. One country in South America however, is now experiencing a decline in inflation, posing a new opportunity for currency traders. Business Week reports on the recent fluctuation of the Brazilian Real:
Investors are always looking for the next economic hotspot, however, with turbulent conditions in Europe and the US, it can be difficult to find any place that is prospering. Singapore is quickly growing country in the south Pacific that has drawn lots of attention from travelers and is attracting serious foreign investment. Business Insider
After Obama was elected, one of his first initiatives was to enact a massive stimulus package in order to reduce the rising unemployment after the housing collapse and bailout all the failing banks. When promoting his plan, the President offered many promises about the success of his idea but very few have so
All around the world, countries left and right are declaring that the only way they can pay their bills is by going further into debt. Deficit spending has become economic commonplace and very few nations are actually solvent. As the deadline approaches for Japan to pass their latest budget, internal opposition has caused
In order to fight off their massive debt, California has been implementing massive tax hikes and business fees. The worsening business conditions have made many companies turn away from the prospect of Silicon Valley and are now looking for a new place where startups are thriving. Texas’s low taxes and business friendly environment
Governments are constantly looking for new ways to tax their citizen in order to fund their own personal agendas. When economic condition are tough, the wealthiest are always the first to be looted. Despite the UN not having any international taxing authority, they are now proposing that member nations impose a tax specifically
Economies that are driven purely by consumption are simply unsustainable. In Europe and the US we are seeing what happens to credit driven societies. Another prime example of an unsustainable economy can be found along the West Bank where Palestinians have reached levels of record debt. Rueters reports on the coming collapse of the Palestinians’
Online privacy concerns have been a growing issue as governments and companies sell your personal information or use it against you. Most people think the biggest threat lies with individual websites or internet service providers but few realize that your router and other hardware could be spying on you too. Business Insider reveals the
Manufacturing has been a staple of the Chinese economy for decades but recently declining growth in manufacturing has caused great investment concern. This down trend in manufacturing however is not a sign of negative growth, but an indication of a shift in trade from foreign to domestic. Instead of focusing on exports, Chinese services are
Very few Americans fully realize how quickly the US is becoming a massive prison. Citizens are enchained by rising taxes and constant attacks on personal liberties. In addition to weights every citizen must bear, the government is locking up it’s residents at an astronomical rate. Today the United States has a higher conviction rate than
Online privacy is quickly becoming a hot topic in the political spectrum. Debates on government’s role in protecting individuals privacy are more heated than ever. To better support the pro-privacy users, online companies have been releasing privacy reports to let their customer’s know exactly what their information is being used for. The Electronic Frontier
The US presidential race is heating up as Romney is now the presumed GOP candidate and President Obama is making fundraising tours. The recent ruling by the Supreme Court to affirm the Individual Mandate has re-sparked the healthcare debate however is this really the most important issue? A recent survey by Gallop reveals that while
While Jamie Dimon answers questions to congress explaining why JP Morgan took record losses and the banks in Europe are downing in their insolvency, many people are wondering which banks are actually being profitable in this volatile time. Despite China’s slowing growth, they currently have four of the five most profitable banks in the world
