Brought to you by China: ‘The New York of Africa’

Brought to you by China: ‘The New York of Africa’ (via GlobalPost)

Enlarge JOHANNESBURG, South Africa — A Chinese property developer has a lofty vision for a pokey suburb of Johannesburg. The plan? To turn Modderfontein, a dull, soulless area of semi-industrial sprawl, into the “New York of Africa,” with a financial…

Read more

The Q Ratio and Market Valuation: Monthly Update

The Q Ratio and Market Valuation: Monthly Update (via Market Shadows)

Courtesy of Doug Short. The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It’s a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the market…

Read more

SNAP food stamps

Stunting the Lives of Millions

Stunting the Lives of Millions (via The Debt)

by MN Gordon Economic PrismAn extraordinary occurrence took place last Friday. Congress let a temporary $5 billion food stamp stimulus from the 2009 Recovery Act expire. We can’t recall ever hearing of a federal program becoming smaller. Can you?…

Read more

Syrian Conflict Stokes Sunni Anger in Lebanon, With Army Now Seen As Threat

Syrian conflict stokes Sunni anger in Lebanon, with army now seen as threat (via GlobalPost)

Enlarge Smoke billows from Tripoli’s Bab al-Tabbaneh Sunni neighborhood on Oct. 25, 2013 during clashes with Alawite supporters of Syrian President Bashar al-Assad. Sunni militants in Lebanon accuse the army of siding with supporters of the Syrian regime…


Read more

France vs. Amazon

France vs. Amazon (via GlobalPost)

Enlarge PARIS, France — Brian Spence looks at home amid the cardboard boxes of paperbacks and teetering stacks of books that crowd the Latin Quarter storefront of his Abbey Bookshop. Sipping maple syrup-sweetened coffee, the smiling Canadian fondly…

Read more

China’s military produces a bizarre, anti-American conspiracy film (VIDEO)

China’s military produces a bizarre, anti-American conspiracy film (VIDEO) (via GlobalPost)

Enlarge HONG KONG — Around election season, American politicians are often charged with “China bashing” if they invoke the People’s Republic as a rival threatening US interests. China is America’s partner, critics retort. We should build trust…

Read more

reminiscences of a stock operator pdf

Is the German military just following orders again?

Is the German military just following orders again? (via GlobalPost)

Enlarge BERLIN, Germany — When Jürgen Rose was called upon to organize an operation in Afghanistan in 2007, the air force lieutenant colonel exercised the German soldier’s unique right to say no. He insisted that the use of six Tornado jet fighters…

Read more

Will Asia’s economies benefit from fracking?

Will Asia’s economies benefit from fracking? (via GlobalPost)

Enlarge DAEGU, South Korea — For the past three years, the US has gone full force into its much-headlined fracking revolution, capitalizing on technological innovations to tap into enormous newly-exploitable reserves of oil and natural gas. The result…


Read more

reminiscences of a stock operator pdf

Back to the future: Communist Party may gain power in the Czech Republic

Back to the future: Communist Party may gain power in the Czech Republic (via GlobalPost)

Enlarge PRAGUE, Czech Republic — After a quarter century in the political wilderness, the unreformed Communist Party has a real chance of regaining a measure of political power for the first time since the Velvet Revolution ended its 40-year dictatorship…

Read more