America is not broke. According to a recent blog post by Michael Moore. “America is not broke. Not by a long shot. The country is awash in wealth and cash. It’s just that it’s not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.”
In recent years, more development aid than ever before has been directed at women. Even though, it doesn’t necessarily reach the girls who need it all the time. A new revolution is rising now that appeals to activists concerned with poverty, disease and the rise of violent extremism: change the world by investing in girls.
There is good news for sustainable economic growth in the US post 2008 financial crisis. Employment rates have passed through the inflexion point and recent reports on production and spending point to an accelerated momentum in the economy.
Its weakness remains “the state and local government. It continues to lay off people vowing to budget pressure” Sung Won Sohn, Smith School of Business and Economics.
And what do we have to account for the improvements?
Should Col. Moammar Gadhafi’s remain in power or step down as Libya’s leader?
Japan is looking to join the ranks of the US, China and Russia’s aviation industry with a stealth fighter that senior Japanese air force officials say can be ready for a prototype test flight 2014.
OPEC members including Kuwait, United Arab Emirates and Nigeria have plans to boost output before April by as much as a combined 300,000 barrels a day to cool soaring prices and allay fears of a supply crunch in the west.
Industry officials said the production increase, expected by early April, would – together with an earlier rise by Saudi Arabia – almost make up the shortfall in supply from falling Libyan crude exports.
Gold prices peaked at $1,440.32 per ounce on Wednesday, while silver struck a 30-year high of $35.36 on Friday. Investors who foresaw gold – and more recently, silver as top investment bets to eclipse crude oil were right on the money. But did they anticipate the spike in the commodity prices off the back of the crisis in Libya?
The Bangkok Post reported:
Rajat K. Gupta, was accused of insider trading by the US Securities and Exchange Commission as a board member of Goldman Sachs. The charges are devastating and deeply embarrassing for the firm – if the allegations are true, Gupta, a senior executive betrayed everything betrayed the firm and the firm’s clients (including Warren Buffett) by passing on confidential information.
Saudi Arabia’s King Abdullah handed out $37 billion to appease Saudis of modest means and
cushion the world’s biggest oil exporter from the wave of protest sweeping the Arab world.
However the biggest handouts over the past two decades have gone to his extended family,
according to unpublished American diplomatic cables dating back to 1996 according to cables obtained by WikiLeaks.
In addition to the huge monthly stipends that every Saudi royal receives,
“Despite the continuing global economic recession in 2009, the total arms sales of … 100 of the world’s largest arms-producing companies increased by $14.8 billion from 2008,” – Stockholm International Peace Research Institute (SIPRI).
With the exclusion of China vendors, the top 100 arms dealers sold US$401 billion in weapons in 2009, with the US leading the way – 8 percent up from the previous year and more than double its revenue in 2001.
