Is China's Central Bank Gold-Buying Spree A Precursor for War? Part I of II
Since 2009, China has more than doubled its gold reserves. In wartime, particularly in wars perpetrated in violation of international law, the resulting international sanctions can force an invader state to rely on its gold reserves. Thus if a country is preparing to go to war and incur sanctions, it will ensure it has an ample reserve of gold.
May 02, 2024 03:08 PM EDT
Costco's Gold Bars Part II: From Africa to the Alps to You
So where exactly does that shiny new "999.9 fine gold minted" bar from Costco come from? Under that "Essayeur Fondeur" Swiss authenticity stamp lies a long, bloody trail of death and tears.
A Modern Neo-Feudal State, The Tech Lords Ushering in a Return to the Medieval
If ever such tech lords decide that their will should supplant that of the majority's, or that through their influence they might alter the course of history by sustaining one country's war of aggression on another or by manipulating the political landscape, democracy will be the casualty - in America and throughout the world.
The Federal Reserve's 'Death Star'. The Battle Over America's Wallets.
The CBDC debate continues. Concerns over the exploration of the creation of a central bank digital currency in the United States, commonly referred to as a CBDC, has some lawmakers up in arms regarding its potential for increased government surveillance and control.
Latest News
Fiat shares slid after Ferrari parts ways with it
After the separation, Fiat Chrysler is focusing on its €48-billion investment plan to 2018. It'll also revamp its brands Alfa Romeo, Jeep and Maserati. Ferrari made its debut trading in Milan after listing on Wall Street in October 2015. Analysts opine the road ahead for Ferrari may not be smooth as the capital intensive car maker with small volume can sustain the high valuations.
Jan 06, 2016 01:28 AM EST
Hoverboard Sets House Afire in Australia
Another incident of hoverboard that caught fire occurred. This time a hoverboard erupted in flames while charging in a house in Australia.
Jan 06, 2016 12:12 AM EST
Beijing air quality is improving
Beijing environmental authorities reported that Beijing's air quality in 2015 was better compared to 2014 despite the city's first two red alerts for pollution. Besides that, Beijing also reported a total of 186 days with air quality meeting the national standard for 2015.
Jan 05, 2016 10:48 PM EST
Boeing bags $855-mn contract for T-38C logistics support
Boeing Co has bagged $855-mn contract from the US Air Force. Boeing will offer avionic component integration and contractor logistics support for T-38C aircraft. The duration of the contract is 10 years and works are scheduled for completion by January 2026.
Jan 05, 2016 08:10 PM EST
Teacher Raped By Inmate Received $3 Million Settlement
Former female prison teacher who was attacked and raped by inmate received $3 million settlement. The attacker was a convicted sexual offender and the teacher was left alone in a classroom with him.
Jan 05, 2016 11:02 PM EST
Oklahoma regulator orders for lower wastewater disposal after earthquakes
Oklahoma's oil and energy regulator has ordered injection well operators to reduce wastewater disposal. The state suffered about a dozen earthquakes in less than a week. The regulator has started implementing an action plan for injection wells located in the area that was hit by earthquake.
Jan 05, 2016 03:55 AM EST
Civil Lawsuit Against Volkswagen May Pave Ways For Criminal Probes
Volkswagen, has been forced to face civil lawsuit on Monday allegedly due to deliberately violating Clean Air Act. After being caught by the regulator in September, VW has admitted installing software that is designed to trick regulators while undergoing official tests. However, if proves guilty, VW may count penalty up to $18 billion and face other criminal charges in the US as well as other parts of the globe.
Jan 05, 2016 07:52 PM EST
Saudi Suspends All Flights and Trade With Iran
Saudi Arabia suspends all flights to and from Iran. The country also ban its citizen to travel to Iran in a new chapter of Middle East sectarian.
Jan 05, 2016 03:24 AM EST
Tesla Car Caught Fire in Norway While Charged
Tesla Motors started 2016 with an incident. In Norway, its Model S was caught fire while being charged last Friday.
Jan 04, 2016 10:25 PM EST
Japan's central bank playing activist investor role to revive economy
With an objective of reviving the economy, Bank of Japan (BoJ), Japan's central bank, is playing a role of activist investor in the domestic equity markets. The central bank's governor and Prime Minister are also asking corporate companies to increase capital expenditure and wage rise. Bank of Japan holds $54 billion in exchange-trade funds (ETFs). Japan's economy is suffering from weaker consumption and deflation.
Jan 05, 2016 03:21 AM EST
2016 may generate 3.5mn jobs in India
The year 2016 may witness encouraging employment generation, but moderate salary rise. The inflation rise will erode the salary rise benefits. India and the UAE may record robust job growth rate. IT, app economy, retail and BFSI sectors to lead emplyment generation of about 3.5 million in India. Dubai Expo-2020 may play a key role in jobs growth rate in the UAE.
Jan 05, 2016 04:07 AM EST
5 key economic trends to watch in 2016
Economists and analysts foresee the five key factors that would influence the global economy significantly in 2016. The major aspects such as industrial production, consumer spending, international trade, currency trends and inflation will influence the global economy. The lower energy costs will propel consumer spending upwards, while resulting in inflation rise.
Jan 04, 2016 10:21 PM EST