Suicide rates in a country may rise anywhere between 8-15 percent during times of economic downturn, said a study by the BMJ Medical Journal on Wednesday, after nearly 13,000 U.K. citizens took their lives between 2008-2010 alone – 1,000 more suicides than expected.
Germany and the ECB are now relying on the hope that large-scale liquidity will buy time to allow the adjustments needed to restore growth and debt sustainability in the eurozone periphery. But, if a eurozone breakup can only be postponed, delaying the inevitable would merely make the endgame worse – much worse.
NEW YORK – Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse.
A study by the Institute for Policy Studies has found that twenty-six big US companies paid their chief executive officers more last year than they did in federal taxes.
In the report, Executive Excess, the Institute said that of last year’s 100 highest-paid US executives, 26 took home more in CEO pay than their companies paid in federal income taxes.
By 2014, Scottish voters may have the chance to end the country’s 307-year intermarriage with England and the United Kingdom at a referendum for independence. The growing belief right is now that Scotland has the economic capacity to go it alone, particularly as they have an abundance of oil and natural gas reserves. Yet even so, the Scottish government is still keen to become the green energy capital of Europe, with more investments placed in renewable energy.
A new “cleaner version of Facebook” is set to be launched in Indonesia this November, reported the Jakarta Globe on Monday, with its creators hoping to offer “better protection” for young Muslims from “harmful content” online.
The German and French economies showed signs of resilience as the two eurozone countries performed slighter better than expected. In particular, Germany’s growth slowed less than excepted while France narrowly escaped recession with zero growth in Q2.
Germany, the eurozone’s largest economy, posted modest economic growth of 0.3 percent over the quarter, marginally beating forecasts.
However, economists warn that the German economy could soon start to shrink unless a decisive solution is taken for the currency bloc’s debt crisis.
The International Food Policy Research has warned that the world is teetering close to the brink of a global food crisis as a drought ravages corn corps in the United States, the world’s largest grower.
Speaking at an interview with Bloomberg TV, director-general of the Institute Fan Shenggen urged US policymakers to abandon its biofuel programme.
India, Thailand and Myanmar will soon be linked by a 3,200km highway, running from India’s North-eastern states to the Thai border with Myanmar, reported the Times of India on Monday, after the Indian government agreed to loan Myanmar $500 million in order to complete the project.
London Olympics draws to a close with all eyes on Rio for 2016. The highlight of the week will undoubtedly be the situation facing Standard Chartered Bank, as it faces allegations of money laundering for transactions tied to Iran. The bank is due for a hearing to defend its New York license this Wednesday.
Monday, August 13
The Olympic flag arrives in Rio de Janerio, where the 2016 Summer Games will be held.
Myanmar’s parliament debates foreign investment law.
U.K. bankers can “learn a thing or two” about fair play and motivations from the nation’s Olympic athletes and volunteers, said Bank of England governor Sir Mervyn King on Sunday, following a series of high-profile financial scandals that have tarnished the reputation of Britain’s banking industry.
