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Editor’s Note: Oil prices dropped steeply Oct. 14, with crude oil futures falling 4.6 percent to $81.84 per barrel — … Read more
Media take sides in Credit Suisse tax case by Susan Misicka, swissinfo.ch (with input from Chantal Britt) February 27, 2014 – 10:21 … Read more
Enlarge HAMBURG, Germany — The Elbe Philharmonic Hall may become an architectural marvel that will revive this city’s fading glory — or go down in history as one of the country’s colossal engineering failures. Sipping espresso in a cafe opposite…
Enlarge It’s now official: Afghanistan ranks as one of the three most corrupt nations on Earth — splitting the crown with Somalia and North Korea, according to Transparency International’s 2013 Corruption Perceptions Index. This is the second…
Though banks have never exactly had a sterling silver reputation, the widespread bank failures that occurred during the Great Depression cost thousands of people their life savings. More recently, the subprime mortgage crisis also sparked an economic…
by MN Gordon Economic PrismHere’s a notable factoid for you. Americans now pay 42 percent more for electricity than they did just 10 years ago. This trend appears to be accelerating too… According to the Bureau of Labor Statistics (BLS), the price…
For two months in a row, the top-selling car in Norway has been an electric car. (Yes, the #1 best-selling car of any kind was an electric car in both September and October.) Interestingly, it wasn’t the same car. In September, it was the Tesla…
Financial Thought Leader Charles Ellis has written sixteen books and has traveled the world giving his sage investment advice. His Winning … Read more
Enlarge A South Korea shop manager shows Samsung Electronics’ Galaxy S mobile phone (R) and Apple’s iPhone 3G in July, 2010. Although Samsung has been ordered to pay nearly a billion dollars to Apple for patent infringements, the two companies remain…
Winners Of The Great Recession Apple Inc. (NASDAQ:AAPL), Google, Inc (NASDAQ:GOOG), CF Industries Holdings, Inc. (NYSE:CF), Priceline.com Inc (NASDAQ:PCLN), BlackRock, Inc. (NYSE:BLK) … Read more
Enlarge HONG KONG — If you’re a reporter covering China, you quickly learn that there are a few big red buttons that you aren’t supposed to push. Three of them start with “T” — Tibet, Taiwan, and Tiananmen. Another one, slightly smaller,…
The Social Media “Bubble”: Six Important Points by Brad Cornell, Professor of Finance at Caltech In a post on valuing … Read more
Enlarge Two paramilitary policemen guard behind a fire extinguisher at Tiananmen Square outside the Great Hall of the People, where the Communist Party’s 205-member Central Committee gathered for its third annual plenum on November 12, 2013 in Beijing…
Courtesy of Mish. Via translation, El Economista reports the Bank of Spain Discovers €20.50 Billion Hidden Delinquencies. Emphasis on the word “discovers” not added. Non-performing loans of Spanish banks to the end of September totaled €92.224…
Enlarge NAIROBI, Kenya — Piracy off the coast of Somalia has been at a low ebb this year but the boat-borne bandits have had a good run, raking in over $400 million in ransom payments since 2005. That’s according to a new report authored by the World…