Tags » World Economy

BRICS and the end of US hegemony

by Tony Norfield

Nobody wants to be one of the PIIGS, but membership of the BRICS is highly valued. Both acronyms were devised in the City of London, the former by analysts describing a group of crisis-hit euro countries, the latter by Goldman Sachs in a 2001… 763 more words


Terminal Something

September 13, 2014   

Seems like, this week, the Empire moved from terminally stupid to terminally insane, declaring an “air war” on IS in Iraq and Syria (even though we already have around 1500 “advisors” –all wearing boots, as one wag put it – on the ground in Iraq) while the Empire and our EU allies upped its proxy war in the Ukraine by increasing sanctions on Russia after their mostly “sound and fury” NATO meeting. 414 more words

China's economy will top the U.S. in just 10 years, report predicts

In just 10 years’ time, China’s economy will surpass that of the U.S., a new report by a U.S. research firm predicts.

Over the next decade, consumer spending in China is expected to grow at an annual rate of 7.7 per cent, climbing from just $3 trillion US to nearly $11 trillion by 2024, the report by Colorado-based consulting firm IHS Inc. 77 more words


Japan says economy contracted 7.1% in 2Q

Japan says revised data show its economy contracted at an annual rate of 7.1% in April-June. The data released Monday showed business investment fell more than estimated earlier. 19 more words

Two Worrisome Graphs for the World Economy

Two graphs can illustrate the uncertainty surrounding the world economy.
The first is related to the geographical sources of growth. The second is more specific to the Euro Area. 698 more words


2014 looks a lot like 1996

It feels a little like 1996: the S&P 500 is hitting new all-time highs in the middle of the year despite slowing global growth and following a sizable gain during the previous year. 147 more words

Trading Desk

What the best education systems are doing right

In South Korea and Finland, it’s not about finding the “right” school.

Fifty years ago, both South Korea and Finland had terrible education systems. Finland was at risk of becoming the economic stepchild of Europe. 1,523 more words

Questions Worth Asking

Thomas Medina reblogged this on Into History.