As things are getting worse in Crimea, the western power has been trying to take action against Russia. The EU leaders (and President Obama) have…
Month: March 2014
Fitch Ratings said Friday it has affirmed the U.S.’s credit ratings at the top-notch triple-A level, with a stable outlook. The dire economic and political…
The average rate on a 30-year fixed rate mortgage has risen to 4.32 as of Friday. This is up from 3.5 percent a year ago,…
Sales of U.S. existing homes slipped in February to their lowest level since July 2012, the sixth decline in seven months as severe winter weather,…
Last year, Mexico had to cut its growth estimate four times after stagnated exports to the US and reduced government spending after President Enrique Pena…
Throughout the year 2013, the United States was still on a very strict diet in regards to economic policy and how the manage the current…
Since returning to office on December 26th, 2012, Prime Minister Abe Shinzo has used his Abenomics policies to target economic recovery in Japan. The key figures for December 2013 revealed that both business and consumer sentiment has improved since last year. It has also shown improvements in production, individual consumption, employment and wages, and stock prices. The Bank of Japan’s quarterly Tankan report also has shown improvement in short-term business confidence among large-scale manufacturers and some major corporations are stating to increase pay. These good indications hint at the first signs of the positive economic cycle promised by Abenomics and necessary for breaking free from deflation.
If you have not ventured to Washington and Lee’s IQ center in the bottom floor of the Science Library, I recommend you take a visit…
A century later Nikola Tesla’s idea of wireless electricity has become reality. A startup called WiTricity has been able to develop prototypes that are able…
Recently, China has experienced its first-ever default of a corporate bond and this default has led to the idea that China may experience a ‘Bear Stearns moment’ or a ‘Lehman moment’. The Chinese solar company Shanghai Chaori Solar Energy Science and Technology Company announced that it cannot pay interests in the amount of roughly $14.6 million on its 11 Chaori bond. The interest payments were due on March 7th. Unlike the fall of Bear Stearns and the bankruptcy of Lehman Brothers, Chaori’s default did not change the market’s perception of inherent credit risk in the economy or cause a liquidity crunch. The reason why Chaori’s default did not impact the economy the same way Bear Stearns and Lehman Brothers did is because it was known for some time that the solar company was in trouble.
So while New Zealand raised interest rates to control inflation, Vietnam will cut its key policy rates from tomorrow, as the government tries to support businesses…
With the Russians taking over a natural gas station in the village of Strilkove, Ukraine, the tensions are heated up again as EU and US…
Recently, chocolate has been near and dear to my heart. From the coffee-chocolate flavored beer at Blue Lab last night at the FD fund raiser,…
The last few weeks have shown that China is trying to move towards a market driven economy. How long and how far China will follow…
Stocks closed lower today due to more worries about the political climate in Ukraine. The DOW, the S&P 500, and the Nasdap were all down…
On a similar note to James’ post about Greece’s economy, statistics from yesterday show that Greece’s unemployment numbers have risen to 27.5%. Their economy has…
China’s annual session of the parliament ended Thursday. According to the article, policy-makers have paid minimal attention to the property market and its skyrocketing prices.…
Bill Gates, who recently reclaimed his title as world’s richest man, was one of the keynote speakers todaty The American Enterprise Institute, an economic thinktank. He specifically…
Since we talked about interest rates in class today, I find it appropriate to share this piece of news with the class. New Zealand on Thursday…
China saw the default of a domestic corporate bond on Friday, the first in the history of People’s Republic of China. The default comes from…