Credit rating agencies received a great deal of criticism during the Eurozone crisis, but what actually explains the changes that occur in a country’s credit rating? 80 more words
Tags » Global Economic Crisis
The so called ‘Troika’ of the European Commission, European Central Bank, and the International Monetary Fund was frequently criticised during the Eurozone crisis on the basis that it had imposed austerity on countries requiring a bailout. 70 more words
India’s Cashless Villages not Really There Yet, But the Nightmare Has Begun*
A small village shop in Himachal Pradesh, India. Image from Flickr by Michael Foley… 1,282 more words
Rothschild Bank under Criminal Investigation over Missing $4bn in Global Corruption Probe*
But what happened to the previous investigations…..
By Jay Syrmopoulos
Last year the veil of invincibility seemingly came off the secretive Rothschild banking empire, as Baron David de Rothschild and his company the Rothschild Financial Services Group were indicted by French prosecutors for allegedly defrauding British pensioners in a scheme that saw large sums of money embezzled. 1,202 more words
Finally all apprehensions are over – Donald Trump has been ascended to the President of USA. And, it has created a massive furore. The basic question that how could a large section of the US population vote for Trump even after all of those utterly racist-sexist-war mongering howling of his during the election campaigns has annoyed me a lot, like many others across the globe. 2,222 more words
America’s Biggest Banks are Closing Hundreds of Branches*
Bank of America, Citigroup and JPMorgan shut 389 branches since the third quarter of last year.
Bank of America, which had over 6,000 branches before the financial crisis has now shrank to 4,629, according to third quarter accounts. 546 more words