Tag archive for ‘debt’
By Andrea Sono On Tuesday, November 23rd, 2010

Irish Gloom and Koreans on Brink of War Push Stock Markets into the Red

As if the rescue of Ireland’s collapsing economy and fears over Portugal and Spain in the debt-domino-debacle wasn’t enough, North and South-Korean fire exchange adds fuel to an already blazing fire More...

By Andrea Sono On Monday, November 22nd, 2010

Eric Cantona Calls for Run on the Banks

As Europe crumbles under an ever worsening debt crisis, activists are calling for a banking crash on the 7th December. Ex-footballer Eric Cantona has taken up the task to promote a revolution against the banking More...

By Ana Nivtova On Tuesday, November 16th, 2010

Ireland Bailout Within 2 Weeks, Portugal in 1 Month says RBS

The public debt crisis sweeping the European Union could be moving into decisive moments. The British governement controlled RBS (Royal Bank of Scotland) is betting on a bailout for Ireland in less than 15 days More...

By Michael Walsh On Friday, November 12th, 2010

Who Owns the American Dollar?

I have never heard anyone question who owns the U.S. dollar as it seems obvious; the state owns and manages it. Not so quick: It belongs neither to the government of the United States nor, being a republic, to More...

By Ana Nivtova On Thursday, April 15th, 2010

Japan heading for ‘financial meltdown’ says analysts

Japan’s economy is heading towards financial meltdown, say analysts, who see that public debt in Japan is greater than that of any other industrialised nation. Public debt in Japan is heading towards 200 per More...

By Justin Frewen On Thursday, April 15th, 2010

Debt Burden Continues to Cripple the South

Between 1970 and 2002, the continent of Africa received some US$540bn in loans. However, a United Nations Conference on Trade and Development (UNCTAD) study, Debt Sustainability: Oasis or Mirage? revealed that despite More...

By Justin Frewen On Friday, March 19th, 2010

The ongoing persecution of Haiti

Today Haiti is most commonly known for being the poorest country in the ‘western’ hemisphere and a land wracked by destitution and despair. This picture has only been reinforced by the horrific consequences More...

By Ana Nivtova On Tuesday, March 2nd, 2010

Is the EURO on the brink of collapse?

George Soros recently claimed the euro may not survive and be in danger of total collapse, given the sovereign risk threat from Greece and the growing debt burden of other member states. Soros declared that gold More...

By Ana Nivtova On Tuesday, March 2nd, 2010

Dr Doom advises investors to prepare for a ‘dirty war’

Marc Faber, who predicted the 1987 stock market crash and the current economic downturn, has warned investors who manage billions, that they should prepare for a “dirty war” and buy farmland and gold. The More...

By Adrian Santana On Sunday, January 18th, 2009
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Two U.S. banks fail, first casualties in 2009

On Friday, bank regulators shut down two small banks, the first U.S. banks to fail this year but the latest in an upsurge that began last year as the struggling economy and falling home prices took their toll on More...