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US New Home Sales Drop 12.4% to Record Low
New home sales fell to record lows in July as the real estate housing market in the US continued to suffer from a slow and fragile economy. Single-family home sales dropped a staggering 12.4 per cent to a 276,000 unit annual rate from a downwardly revised...
The Socio-Economic Realities of Mental Health in Europe – Part 2: The Social Determinants
In the first part of this piece, we considered the significant economic cost implications of mental health problems. In this second part, we look at the importance of identifying and tackling those negative social determinants, which lead to a higher...
The Socio-Economic Realities of Mental Health in Europe – Part 1: The Economic Costs
Justin Frewen & Anna Datta (Dr.) — When discussing mental health, it is common to focus on the distress and suffering mental health problems may cause together with the most appropriate manner by which society might respond. The human rights...
SARB Chief says SA “recovery fragile”
According to Gill Marcus – Reserve Bank Governor ”The reality is that we probably never really emerged from the crisis, which is now entering its next phase,” There are going to be implications for growth outlooks in South Africa and other...
Economic Growth Concern Affects the European Economy
As per the slow recovery signs of the European economy, the bonds of European nations are being held back due to the demands of extra yield investors. Instead, an increased interest level in the German bonds is being shown by investors because of the...
The Best Democracy Money Can Buy
For Argentineans currently watching Greece’s humiliating fall from fiscal grace there will be a distinct feeling of déjà-vu. Many will be excused if they are seen to be wearing their ‘Been There, Done That’ t-shirts. They will cast their minds...
US oil-leak into the Gulf of Mexico may be the worst in US history
US scientists and lawmakers have stated that the leak in the seabed well which is spilling oil into the Gulf of Mexico could be the worst oil spill in US history, which would eclipse even the Exxon Valdez incident in Alaska in 1989. They further stated...
Cash for Wall Street Crash
Thursday 6th May, the New York Stock Exchange plummets 1,000 points; a historical first. By the Monday it recovers and a further 400 points are added. Spikes in graphs don’t get any sharper. In four days $3.7 trillion has disappeared into a black hole....
Debt rating of Spain suffers downgrade
Spain follows Greece’s footsteps into a severe debt crisis as Standard and Poor’s rating agency cut Spain’s debt rating following a possible further deterioration of Spain’s budgetary position. Spain’s long-term sovereign...
