Iran’s recent oil trade threats have pushed oil prices to a six month high, up more than 30% since September. Obama’s advisors and other White House officials are bracing for a Republican onslaught strengthened by consumer concerns just as a cautious optimism reaches the economy. The Democratic party worries that oil and gasoline prices, bringing… Continue Reading
The minutes from the policy-setting meeting of the Federal Reserve on January 24-25 shows a board divided on whether a new bond-buying program should be launched to help give a boost to the economy. Feds Split on Bond-Buying Option Although there appear to be some Fed officials in favor of such a bond-buying program now,… Continue Reading
Alfredo Perez Rubalcaba – the current Spanish Socialist Party candidate for PM – requested the country’s banks make greater contributions and its rich individuals to provide assistance in an effort to “help end the country’s deep economic crisis,” as reported in a recent Nasdaq article. He also said that “it’s time for those who’ve suffered… Continue Reading
Troubled Times for Greek Finance; Not Happy Swiss The Greek economy is up the creek without a paddle. As well, this is impacting the Swiss populace which is now sitting around watching this turmoil unfold. The Greek parliament has just said yes for increased austerity in an effort to meet EU-IMF bailout terms. This led… Continue Reading
How Kate and Will’s Wedding Impacted GB’s Economy The question being asked by economists following the fanfare of the recent Royal Wedding, is, was it a good thing for the country’s finances? And, how will it impact Great Britain’s economy in the future. So let’s look at analytics and first the possible negative implications. The… Continue Reading
Rosneft-BP Merger A couple of months ago, world-renowned BP signed a deal with Russia’s major oil company Rosneft to “swap shares and jointly develop oil fields in the Arctic.” Of course it will be BP reaping most of the benefits (since it will be putting up the majority of the capital) with the Russian Rosneft… Continue Reading
<h3>Japan’s Potential Radiation Leaves Food Shortage</h3> The consequences of Japan’s recent disasters are starting to have an impact on global food imports. Along with America, Australia and Singapore have now been restricting food and milk imports from there, with Canada set to also pull the reins on its screening. Those living in Tokyo have even… Continue Reading
Brits Not Getting British Jobs? According to official figures, a staggering 80 percent plus of jobs were given to individuals not born in Britain. Last year, figures were 173,000 for those getting jobs not born and bred in the country with only 39,000 (less than one in five) being given to the Brits. Foreign Immigration… Continue Reading
Again with the crisis in the Middle East; again with the impact this is having on the global economy vis-à-vis oil prices. But apparently all might not be lost. Today in America, it might actually be worth your while to shop around before you pump up your gas. Yet the naysayers aren’t convinced. They are… Continue Reading
February’s earthquake certainly didn’t do any favors for New Zealand’s economy. The country’s central bank “sliced half a percentage point of its benchmark interest rate in an effort to limit the short term economic impact” of Christchurch’s quake. Reconstruction costs have been estimated at $11 billion, with a prediction that economic growth will be stunted… Continue Reading