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Latest news about the state of the world economy.
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Consumer Trends Beyond 2011
In the first decade of the millennium, consumers were filled with a sense of optimism and trust in the economy and splurged out (and maxed out). Without sparing a...
Obama To Meet Victims, Families at Tucson Memorial Service
President Obama will travel to Arizona on Wednesday to attend a memorial service in Tucson, a White House official said Monday. The president will also visit the family of...
Economic Costs Growing w Australia Floods
Devastating floods in the northeast Australian province of Queensland, inundating an area the size of France and Germany, could cost the economy there more than AUD 6 billion. Analysts...
Facebook Gets Half-Billion from Goldman Sachs, Boosting Value / Public Offer Pressure
Facebook, the popular social networking site, has raised $500 million from Goldman Sachs and a Russian investor in a deal that values the company at $50 billion, according...
China PM in India: Economic / “Atmospherics” Progress, Political Stalemate
China and India set ambitious new economic targets on Thursday by pledging to nearly double their trade in the next five years to $100 billion annually. But the two...
EU Seeks Rare Earths Alternatives to China
The European Commission intends to propose pursuing more bilateral trade agreements and investing in infrastructure in Africa as a means to increase alternative sources of rare earth metals, hoping...
Rare Earths Deal Between Japan / Australia Firms
A top Japanese trading company has announced a deal to reduce reliance on Beijing for high-tech-vital rare earth mineral supplies. The Tokyo-based firm, Sojitz, said it had signed a...
InfoWars: The World’s First Information War Has Gone Live
It has been predicted for a while, and now it has gone live; the world's first information war is now upon us. First came the Distributed Denial of Service...
Regional Fed Prez Backs EW: TBTF Destroying US Real Economy
While we obviously have a slightly more wild style -- and some differences in substance -- it appears that the President of the Federal Reserve Bank of Kansas City...
Bundesbank: German Banks Reckless
The Bundesbank, the German central bank, said in its annual financial stability report that German institutions continue to engage in risky practices that make them vulnerable to a rise...


