Month: July 2012

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The major factor that could hinder Africa’s steady growth

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

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We should still be listening to Milton Friedman’s economic advice

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

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Towns in poverty continue to outlaw economic self-reliance

I don’t get angry very often, but here’s something that managed to really push my buttons. Around America the same phenomena are occurring:  In some of the nation’s poorest towns, it’s becoming illegal to be resilient. This is absurd! The people who need to harness the power of self-reliance the most are being denied

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Former classification czar believes too much is classified

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

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The true definition of success

In 2007 John McAfee explained in Fast Company, “Success for me, is can you wake up in the morning and feel like a twelve year old?” However, that was right before he lost 95% of his net worth. He explains in Robert Frank’s book, The High-Beta Rich, that he was living through a second childhood, wasting money on

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Big changes to Taiwan’s 2012 growth forecast

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

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Gold Investing: Believe the fundamentals, not the hype

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.

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Have you noticed this very deceptive form of inflation?

July 31, 2012 Bergen, Norway Every summer, my colleagues and I invite young people from all over the world for an intensive 4-day workshop about freedom and entrepreneurship. This year’s workshop just concluded yesterday afternoon, and it was, without doubt, the best one ever. 58 students attended from countries as diverse as Tajikistan,

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California: A case study of bad economic policies

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

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Police

US army prepares for domestic riots and civil unrest

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

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Japan can’t recover with ‘flat production’

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

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China works to cover up instead of clean up political corruption

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

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Motivational Monday: Where in the world is the next Marissa Mayers?

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

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The world’s gold is moving from West to East

Did you know that, according to Capgemini and the Royal Bank of Canada’s latest World Wealth Report, there are now more millionaires in Asia than North America…? An estimated 3.37 million individuals in the Asia-Pacific region have a liquid net worth of over US$1 million. That compares to 3.35 million in North America. The same

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THIS country has ‘the highest proportion of people out of work’

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

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