Economy Archives October 2012
Although the financial crisis is said to have begun in 2008, its actual inception started many years before. As explained yesterday, the so-called recovery that almost every politician says governments are seeking is a sham.
The earthquake that shook Japan last year is not the only origin of the shock waves the country is now experiencing. The economic crisis has also shaken the Asian nation.
I don’t know you, but I’m sick and tired of hearing about the financial collapse. The financial crisis we are now in was predicted long ago, and those predictions were correct.
It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.
The Heads of State and the Government of the European Union (EU) agreed Thursday to create a single banking supervisor. The entity should be ready next December and it will gradually begin its takeover of the banking system during 2013.
A judge in Ecuadorian ordered authorities to confiscate assets that belong to American oil giant Chevron as part of a multimillion conviction for having caused environmental damages in the Ecuadorian Amazon.
In how many ways can someone describe murder, corruption, crime, collusion, complicity to commit murder, thuggery, injustice? I struggled greatly to title this article because one or two lines cannot describe the shame I felt — even though I am not Brazilian — to see what the government of Brazil is doing to its native people.
The British Minister of Economy, George Osborne, said Monday that he intends to cut another 10,000 million pounds in spending by cutting the expenses on social benefits by 2016-17. Osborne said the goal is to reduce the deficit.
Another equally important question to answer is, where is the cash going?
The people of Portugal and Greece have added their anger to that of the Spanish neighbors, putting more pressure on politicians and bureaucrats who are slowly but surely signing their countries away to the European bankers.
It did not take too long for the Spanish government to dip into the rapidly disappearing pension fund reserves.