The latest statistics showed that the economic crisis is increasingly coming from the periphery to the center of Europe, as the Russian site Dal.by concludes. Thus in June, two major European economies, France and Germany, have had a fall of the business activity index, which...
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In March 1930, the President of the United States Herbert Hoover declared that the worst was behind and the economy was recovering. However, this was only the beginning of the Great Depression, which had lasted until the outbreak of the second world war. With his...
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Germany’s plan to bring back the nation’s gold reserves to Frankfurt by 2020 has fizzled, and instead has for now decided to leave $635 billion of gold in US vaults. As TV Russia Today reports, having the world’s second largest gold reserves, worth $141 billion,...
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Western support will allow more IMF and European lending to prop the Ukrainian currency so the Ukrainian oligarchs can move their money safely to British and US banks, American economist Michael Hudson told TV Russia Today. “The basic principle is that finance today...
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Out of the $ 17 billion Ukrainian gold reserves about $ 15 billion today are "securities", debt obligations, on the balance of the National Bank of Ukraine (NBU) and other state-owned banks. According to the Ukrainian site Polemica, the actual value on the balance sheet...
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Republicans in the U.S. House of Representatives on Monday introduced a bill that would require the Federal Reserve to disclose more information, and set a hearing to discuss reform at the U.S. central bank. The title of the hearing is “Legislation to Reform the Federal Reserve...
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The People’s Bank of China (PBOC; China’s central bank) is seeking to support economic growth with unconventional tools that Credit Suisse Group AG and Everbright Securities Co. say look more like fiscal policy. The PBOC this year started a 100 billion yuan ($16 billion) quota for...
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Political polarization is at a historic peak. Americans are divided on gun control, abortion, healthcare and privacy, according to a study released last month by the Pew Research Center for the People & the Press documenting our increasing ideological rigidity and partisan antipathy (bit.ly/1v23UXF). Then there's...
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While the majority of Vietnamese businesses are thirsty for capital to maintain their production, some businesses have too much excess money.It is estimated that tens of trillions of Vietnamese dong (billions of US dollars) have been kept in businesses’ coffers, while hundreds of trillions of...
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Private education is becoming “increasingly unaffordable” for the middle-classes following a four-fold rise in school fees in little over 20 years, according to a major study. Parents in traditionally well-paid careers such as accountancy, law, finance and academia are now less likely to afford an independent...
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