Economy Archives December 2012
Brazil’s Central Bank on Thursday cut its GDP growth forecast for 2012 from 1.6 percent to 1 per cent, confirming a marked slowdown in Latin America’s biggest economy.
Government debt in Spain grew another 1.55% in the third quarter with respect to the second quarter to reach 817.164 million euros, or the equivalent to 77.4% of GDP. This is the highest level ever since the cork popped out of the crisis bottle in 2008.
Ministers of Economy and Finance of the European Union reached an agreement early Thursday on the legal framework that will allow Europe to create a single banking supervisor.
If I didn’t know any better, I’d think there’s a small but growing group of people in Washington who think it would actually be good if we temporarily went over the fiscal cliff.
The international bank HSBC, which is based in the UK has agreed to pay a fine of $1,9 billion as part of an agreement with the U.S. government, after a new investigation on banking practices revealed that HSBC permitted criminals worldwide to launder drug money to finance terrorist operations.
The European Union countries most affected by the global economic and financial collapse are also some of the most corrupt. But the highest levels of immorality and corruption are not seen at the national level, but on the international stage.
The Robyn Hood economy is about the kick off its latest plan to bring about ‘social justice’ and ‘equality’. With zero concern for reelection and lots of promises to fulfill, Robyn Hood Obama is set to carry out the biggest transformation in the history of the country. This transformation includes completely open borders, unlimited issuance of debt and the highest tax rates ever seen for the middle class.
The Israeli government wants to make clear that the overwhelming recognition of the international community to the Palestinians at the UN is not going to be free.
In 2011, the US Federal government awarded 6 pharmaceutical corporations over 5.7 Billion to manufacture children’s vaccines alone.