Featured Articles

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    Bulgaria Economy
    Just What Is Russia’s Fracking Agenda In Bulgaria?
    By: OilPrice.com | Date: 10 Feb 2012

    Last month, the Bulgarian National Assembly voted to impose an indefinite ban on shale gas exploration and extraction in Bulgaria using hydraulic fracturing or other similar technology. But new evidence have emerged that may suggest some form of covert Russian influence in the matter. Read more

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    World Economy
    Euro-oddity – The ECB’s Peculiar Stance On Greece’s Debt: Joseph Stiglitz
    By: Joseph E. Stiglitz | Date: 9 Feb 2012

    There are several explanations for the ECB’s insistence on a "voluntary" restructuring of Greece's sovereign debt, none of which speaks well for the institution. Indeed, as we have seen elsewhere, institutions that are not democratically accountable tend to be captured by special interests.Read more

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    Iraq Economy
    Iraq: Mixed Opportunities, Messy Outlook? (Part I: The Road To Entrapment)
    By: Isam al Khafaji | Date: 8 Feb 2012

    The Iraqi economy has gone through a roller coaster of changes for the last sixty years. In the first part of our analysis, we explore how Iraq fundamentally changed from an agricultural-based economy to one that relied solely on oil. We also question how this reliance on oil shaped the aftermath of Iraq’s economy and society after the Iran-Iraq war as well as the first Gulf war.Read more

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    Industries & Business
    How Can Virgin Money Shake Up the UK's Banking Sector?
    By: Financechoices.co.uk | Date: 8 Feb 2012

    There is a new bank on UK's High Street. While Virgin Money has been around since 1995,the company only came into serious prominence when it finalised the deal to acquire troubled bank Northern Rock on the 1st of January this year. But will the deal to take over Northern Rock be a good result for the public who bailed out the bank during the financial crisis? And what impact will Virgin Money have on the UK's banking sector?Read more

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    World Economy
    Ensuring Sustainable Development Is A Matter Of Human Decency: Jeffrey Sachs
    By: Jeffrey D. Sachs | Date: 7 Feb 2012

    Sustainable development means inclusive economic growth that protects the earth’s vital resources. Yet achieving it will be a matter not only of technology, market incentives, and appropriate regulations; we must embrace sustainable development as a common commitment to decency for all human beings, today and in the future.Read more

    • China Economy
      How Will China’s Connectivity Revolution Transform The Nation? : Stephen Roach
      Date: 6 Feb 2012

      The pace of China’s Internet revolution has been breathtaking. Since 2006, the number of Internet users in China has more than tripled to 485 million, while the cost of connectivity is also expected to fall sharply as China’s Internet penetration rate continues to grow. But while it is always easy to get carried away with the numbers, the real change in China concerns the implications of connectivity, and not just its scale.Read more

    • World Economy
      Germany Will Make An Example Of Greece: George Friedman
      Date: 3 Feb 2012

      Germany is caught in a dilemma. On the one hand, while the Germans cannot afford austerity in troubled states due to the resulting decline in demand for German goods, cannot simply tolerate Greek-style indifference to fiscal prudence as well. In dealing with other countries such as Spain or Italy, Germany must now show with Greece that there are consequences to not complying with the orderly handling of debt without default.Read more

    • Companies & Investments
      Into The Belly Of The Beast (Part II – Goldman Sachs & The European Crisis)
      Date: 2 Feb 2012

      In part two of our feature on Goldman Sachs, we look at Goldman’s networks of power in Europe and consider the ways in which Goldman is using the same dangerous financial products, which caused the 2007 crisis, to bet against Europe’s floundering economies whilst governing, or advising those countries. Finally, we ask what can be done to reduce Goldman’s power.Read more

    Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.
    Wendell Philips
    He who controls the money supply of a nation controls the nation.
    James A. Garfield
    The moment that government appears at market, the principles of the market will be subverted.
    Edmund Burke