Hundreds of thousands of people rallied on Saturday afternoon in the German capital against the massive Transatlantic Trade and Investment Partnership (TTIP) accord being negotiated by the European Union and the United States. Critics say the trade deal will benefit large corporations at the expense of average Europeans. erode labor and environmental standards.
World Bank have released a report saying that the current large-scale mass migration happening around the world, could have a positive effect in the global economy in the coming decades. “Most of the evidence suggests that migrants will work hard and contribute more in taxes than they consume in social services.”
Emerging market companies have "over-borrowed" by $3 trillion in the last decade, reflecting a quadrupling of private sector debt between 2004 and 2014, found the IMF's Global Financial Stability Report. This dangerous over-leveraging now threatens to unleash a wave of defaults that will imperil an already weak global economy
Billions of barrels of oil have been discovered in Israel, and this discovery could essentially make Israel energy independent for many decades to come. But there is just one problem. This discovery was made in the Golan Heights.
Purchases can be made through a Web site, with the funds drawn out of an Internet bank account, where the money was originally deposited electronically. People are earning and spending money without ever touching it.
China launched the first phase of its China International Payment System (CIPS) in Shanghai on Thursday, allowing cross-border transactions in the Chinese national currency, the yuan. Up to 19 major banks were named as direct participants in CIPS, with 38 Chinese banks and up to 140 foreign financial institutions named as indirect participants.
Upscale food market operator Whole Foods Market said it would cut about 1,500 jobs, or about 1.6 percent of its workforce, over the next eight weeks.
There exists an overlapping and highly integrated network of institutions, committees and secret meetings of ad-hoc groups that collectively run the global economy. This network consists of finance ministries, central banks, international organizations and the various conferences and confabs that bring them together. This network is responsible for facilitating global financial diplomacy and managing the architecture of global financial governance. It is the most powerful and informal political structure in the world. United States at the center of the system.
Five large purchasers of US Treasuries – China, Russia, Norway, Brazil, and Taiwan – have changed their minds. They’re dumping Treasuries, each for their own reasons that are now coinciding. And at the fastest rate on record. For the 12-month period ended July, sales of Treasuries by central banks around the world reached a net of $123 billion, “the biggest decline since data started to be collected in 1978,
“Monsanto one of the world’s largest seed and agrichemical companies slashing 2,600 jobs. Sales of corn seeds Monsanto’s key products, fell 5 percent, sales at the company’s agricultural productivity unit, which includes Roundup herbicide, dropped 12 percent.
Anti-austerity demonstrations in Belgium on Wednesday drew tens of thousands of people—some of whom clashed with police and were sprayed by water cannons as they marched through Brussels demanding an end to new measures which they say unfairly target workers and favor corporations.
The Chinese yuan became the fourth most-used currency for cross-border payments in August, according to global transaction services organization SWIFT. It’s the first time, the yuan has moved ahead of the Japanese yen. There was a “substantial” increase in the use of the Chinese currency in the final week of August.
The Chinese “State Administration of Foreign Exchange” (SAFE) is now engaged in a full-fledged currency war with the United States. The ultimate goal – as the Chinese have publicly stated – is to create a new dominant world currency, dislodge the U.S. dollar from its current reserve role, and recover as much of the $1.5 trillion the U.S. government has borrowed as possible.
If you don’t have a skill, trade or service to offer the bartering economy you may be doomed when all hell breaks loose. Greece bartering is gaining traction, people exchange fruits, vegetables, other crops, equipment, clothing and services. Athens online barter club, Tradenow, created its own currency called tradepoints. More convenient to trade because money not readily available.”
The Koch brothers and utility giants are bankrolling a ballot initiative in Florida to block the development of home solar and to protect the utilities' continuing oligopoly on energy generation in the Sunshine State.
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