Inflation related to food prices are hitting almost every economy in the world, stressing local citizens in countries where the support for defending Ukraine is the highest. The end of the Grain Deal between Ukraine and Russia ended, and without a pause, Russia sent missiles into the Odessa Region targeting grain reserves meant for export […]
Most countries in the world right now are trying to find a balance between having their citizens trust their Covid responses, manage the inevitable debt and deficits that arose and continue to rise with mass shutdowns of the economy, and responsibly manage that debt and deficit level so that when a time for a recovery […]
The present and future effects of a Covid shutdown on international society will have significant consequences on our employment, economy, taxes, and even those mechanisms that protect and insure us. New laws and regulations that would be considered a violation of consumer rights and protections, labour codes, and to some degree human compassion, are taking […]
Pension reform is something that has a great effect on the future of Brazilians, Latin Americans and to be honest the rest of us as well. Brazil was always a unique case, a country that built an administrative centre in the middle of the country in the 1950s that is populated by mostly government administrators […]
Recently, this relationship has been called into question as Puerto Rico faces a looming debt crisis that could set the island’s economy back by more than a decade.
Since in the summer of 2010, Admiral Mike Mullen, the chairman of the Joint Chiefs of Staff at that time, has argued that the national debt constitutes “the most significant threat to our national security.” As he elaborated, it became clear that his real concern was the strength of the U.S. economy, the basis for […]
So, what does it mean that Kenya’s debt is low low that if the country were part of the Eurozone it would have the third lowest debt ratio? Probably not a great deal. It means, of course, that Kenya has managed its debt well. It means that data can reveal a great deal, but that […]
This past week the Council on Hemispheric Affairs published an article on the Obama Administration’s actions to depressurize the relationship between Argentina and the “vulture funds” that made profit off Argentina’s default from their 2001 economic collapse. With so many formerly healthy economies in Europe now facing the same end game as Argentina did nearly […]
Standard and Poor’s rating agency has lowered the credit ratings of 9 eurozone members, including formerly AAA-rated France and Austria. The move is significant, affecting as it does the future of the eurozone’s bail-out fund, the French presidential election, the roll-over of existing European sovereign debt, and more. However, the downgrade is not really a […]
The European model of social welfare has long been accused of being unsustainable. The related but often ignored phenomena of low birth rates and aging populations have led analysts to wonder how an ever smaller proportion of workers could continue to pay for an increasing population of elderly dependents. With Europe in the throes of […]
With America’s latest market crash, the debt debate seems so ‘last week’ (hey, it was last week!), there is still much to learn from the tumultuous process. Niall Ferguson attempts to provide an outside perspective on the whole debt limit battle. It’s a pretty important outside perspective too; China: Viewed from Beijing, it looked very […]
As the recession hit; the jobless rates soared to 10% and more, banks at the brink of failing, stock exchange plummeted, and economy was left paralyzed. All this happened in United States, which sparked a global recession, bringing down Europe and Asia along with it. This global recession was worst on developing nations, as they […]
In the movie ‘War of the Roses’ debt and finances were one of the central factors and most disruptive of issues in the relationship between the two characters, and the ensuing all-out war during their divorce, and inevitably, in their annihilation of each other. Believe it or not, nations act in the same manner toward each other.
Moody’s issues shot across the bow to warn US about expanding Federal debt burden.
The EU Council leaders were meeting this week to determine how best to prevent a default of Greek sovereign debt by common support. The council issued a statement of support with no details as talks continue.