Economic News
Seattle’s $15 minimum wage law goes into effect on April 1, 2015. As that date approaches, restaurants across the city are making the financial decision to close shop. The Washington Policy Center writes that “closings have occurred across the city ..
Moscow trading in ruble-yuan futures will begin on March 17 with the currency pair expected to become the third most popular by volume, says Moscow Exchange (MOEX) Deputy Chairman Andrey Shemetov.
The trend, like all the most entertaining forms of mischief, is apparently illegal in most countries, but not Canada. That has not deterred Canadians who for years have enjoyed replacing the unfortunate Sir with the likeness of Spock or Alan Rickman’s portrayal of professor Snape.
The US Department of Justice is in the early stages of an investigation into at least 10 international banks—including JPMorgan Chase, Goldman Sachs and Barclays—over alleged manipulation of the precious metals market.
Pacioli was, in fact, a friend and contemporary of Leonardo da Vinci, and the two collaborated frequently. So you’re probably guessing that Pacioli was a co-designer in Leonardo’s famed flying machine, or a new architectural technique.
In July 2012, the Wolfson economics prize, a prize for the “best proposal for a country to leave the European Monetary Union,” was awarded to a Capital Economics team led by Roger Bootle, for their submission titled “Leaving the Euro: A Practical Guide.”
Financial writer Bill Holter says there is better than 60% to 70% chance that another financial calamity will hit in 2015, and it could start from anywhere in the world. Holter contends, “It doesn’t really matter where it starts.
It doesn’t’ take a rocket scientists to figure out what a bankrupt government will do—just like any thief, they’ll go after easy targets first. A member of my staff caught an obscure resolution that was introduced in the US House of Representatives last week—Resolution no. 41.
Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel.
At two in the morning, Krisbell quietly slips out of bed so as to not wake the two small children curled up next to her. She grabs her phone and quickly dials her friends’ numbers as she’s already headed out the door to get the day’s intelligence report.
US-based credit rating agency Standard & Poor’s has cut Russia’s sovereign rating to BB+, leaving it below investment grade for the first time in a decade. Moscow termed the decision “overly pessimistic.” The ruble fell from 66.3 to over 69 per dollar.
The toughest, most resilient people as both individuals and as societies all generally have one thing in common – self-sufficiency. This by no means suggests isolationism, but rather the ability to survive, even thrive through one’s own work using resources at their own disposal.
The numbers that you are about to see will not be included in Obama’s State of the Union speech. They don’t fit the “narrative” that Obama is trying to sell to the American people. But all of these statistics are accurate. They paint a picture of a middle class that is dying.
FXCM, an online trading service struggling with client losses in the wake of turmoil on the currency markets, will receive a $300 million lifeline from Leucadia National. Leucadia, the parent company of the investment bank Jefferies, said on Friday ..
The reasoning behind the world’s current move away from the U.S. and the dollar, and that from a broken treaty agreement made by multiple nations in early 2014, the America is now being recognized as a rogue nation, far more than the rhetoric used to label Iran as such over the past decade.
