The study of economics should be clearly divided into its factual, quantifiable aspects (more commonly referred to as “econometrics”) distinct from the more philosophical and abstract study (generally known as ‘normative economics’). This is becoming increasingly important as the world has become ever more interdependent. The global financial crisis attests to this.
The argument . . . → Read More: Oligopoly or a Free Market – A Realistic Choice?
In standard consumer lingo, a recession is never good. By economic definition, it means a slowdown in spending, which leads to a slowdown in production, which leads to unemployment and so forth.
The United States has seen its share of recessions since its inception over two hundred years ago. A quick review of Wikipedia’s . . . → Read More: Recession With a Silver Lining
In a recent move, Switzerland’s second largst bank, Credit Suisse, has agreed to buy back more than half a billion dollars in securities and a hefty fine of fifteeen million dollars. The settlement arose due to an investigation by New York’s Attorney Genera;, Andrew Cuomo. The agreement stipulates that Credit Suisse will buy back securities from “individuals, . . . → Read More: Swiss Banking Laws Key To Rescuing Wall Street and Consumers?
At OPEC’s most recent meeting held in December, the thirteen-member cartel agreed to reduce crude oil outputs by 2.46 million barrels per day, a record production cut for the group. As world crude prices dropped below $38/barrel, the cut is designed to stabilize prices to meet OPEC’s forecast of $75/barrel as “fair.”
Market analysts . . . → Read More: Where are Oil Prices Heading?
As early as May, 2008, Libyan leader Colonel Muammar Ghaddafi suggested that his country planned to dismantle his nation’s political bureaucracy and would “hand out oil money directly to the country’s five million people.” (www.javno.com) Nearly three-fourths of Libya’s petroleum revenue is suspected of being illegally diverted.
In September of last year, the Arab . . . → Read More: Is the U.S. Next? Libya To Give Oil Proceeds Directly To the Population
It is usual to provide an incoming President with a hundred days following the inauguration. This common courtesy permits the electorate to see and feel first-hand the substance of the chief executive’s leadership potential. Unfortunately, the country does not appear to have that luxury of time.
President Barack Obama is obviously cognizant . . . → Read More: New Executive Order: National Emergency to Stabilize U.S. Financial Crisis
In a settlement with New York State Attorney General Andrew Cuomo and the North American Securities Administrators Association (NASAA), Credit Suisse agreed to buy back nearly half a billion dollars of individual investors’ securities purchases and a $15 million fine. Credit Suisse is Switzerland’s second largest bank. (www.swissinfo.ch)
The settlement . . . → Read More: U.S. “Main Street” Investors Made Whole On Mortgage Losses
The Organization of Petroleum Exporting Countries (OPEC) announced Saturday, November 29, that the organization would wait until its next scheduled meeting in Oran, Algeria, to agree on its output reductions, according to Reuters. The Algerian meeting is scheduled for December 17. (www.reuters.com)
OPEC, the cartel producing nearly forty percent of the world’s . . . → Read More: OPEC: A DOUBLE-EDGED SWORD?
The financial liquidity crisis is in full swing around the world. It is no wonder that experts and novices alike seek ways and means to prevent a future recurrence. Many different solutions are enacted and proposed. All of them center on wealth and money or votes.
. . . → Read More: GOLD STANDARD … DEBUNKED OR ANOTHER BUBBLE?
Will companies that issued derivatives based on bundled student loans be the next financial dominoes that will require a government “bailout”? The country’s long dedication to education makes it a virtual certainty.
The emphasis of the role of government in education predates the establishment of the . . . → Read More: Will the Student Loan Industry Be Bailed Out Next?