Economics & Investments

Why the U.S. Should Get Rid of the $1 Bill

According to the nonpartisan Government Accountability Office, if America gets rid of its $1 bill and replaces it with a dollar coin, the U.S. will save $5.5 billion on printing costs over the next 30 years.

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February 9, 2012

10 Questions with Saeed Patel

emel magazine After graduating with an engineering degree, Saeed Patel migrated to the United States in 1989 from Baroda in Gujarat. Whilst pursuing a Master’s degree in Computer Science, he started working in a computer distribution company. In 1991, he and his friend started Amex Computers with an investment of $20,000. Amex Computers’ primary business […]

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February 2, 2012

India to Bypass Sanctions?

India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar

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February 2, 2012

Egypt Entrepreneurs See New Dawn Post-Revolution

after mass protests ousted Egyptian president Hosni Mubarak last February, Ahmed Essam resigned from his job at a well-established software company to set up a six-person venture developing applications for smart phones.

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January 19, 2012

MIDEAST MONEY-Egypt Takes Step Back from Brink with IMF Talks

Egypt is taking a step back from financial crisis by resuming talks with the International Monetary Fund on emergency aid, but it is unlikely to escape a drop in its currency or see any quick revival of the investment needed to fuel growth.

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January 12, 2012

Syria’s Currency Sags Under Weight of Unrest

By Suleiman Al-Khalidi Black smoke is seen from Homs refinery (in the background) after a pipeline carrying oil from the east of the country to the refinery was blown up, in this December 8, 2011 file handout photograph released by Syria’s national news agency SANA. Long queues to get heating oil and petrol, along with […]

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January 12, 2012

Stratfor Relaunches Website in Wake of Attack

Intelligence analysis firm Strategic Forecasting Inc (Stratfor) relaunched its website more than two weeks after an attack by hackers who had stolen data of clients including Henry Kissinger and former Vice President Dan Quayle.

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January 12, 2012

“I Have a Trust, But What Does It Mean To Have It “Funded?”

Although the concept of estate planning has been addressed in my previous articles, as well as the importance of establishing a Revocable Living Trust, one topic that I have yet to bring up is the importance of “funding” a trust.

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January 9, 2012

Exclusive: Petronas in Talks with Oil Majors for Petchem Tie-up

Petronas is in talks with several global oil majors including Shell and Exxon Mobil to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia

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December 29, 2011

Three Million Could Lose Jobless Pay in Impasse

More than three million people stand to lose unemployment insurance benefits in the near future because of an impasse in Congress over how to extend the aid and how to offset the cost.

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December 22, 2011

Newt’s Tax Plan, and Why His Polls Rise the More Outrageous He Becomes

Newt Gingrich has done it again. With his new tax plan he has raised the bar from irresponsibility to recklessness.

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December 15, 2011

How Proper Planning Can Save You Thousands in Estate Taxes

Unless one of your primary objectives is to fund the government with more of your money, taking the initiative of planning your estate should be one of your top priorities.

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December 1, 2011

Corporate Profits Doomed, Warns Grantham

Bearish stock-picker says margins freakishly high; ‘lot of profit disappointment coming our way’

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December 1, 2011

Dubai Diversifies with Push into Diamonds

By Nour Merza DUBAI, Nov 16 (Reuters) – The United Arab Emirates, the world’s fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity: diamonds. Dubai, the UAE’s centre for gem trade, handled $35 billion worth of rough and polished diamonds in 2010, […]

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November 23, 2011

Interfaith Statement: “Don’t Cut Programs that Will Cost Lives, Harm America”

Nation’s faithful down to the wire with Super Committee, Congress:

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November 23, 2011

The Downward Path of Upward Mobility

In fact, over the past decade, growing evidence shows pretty conclusively that social mobility has stalled in this country.

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November 17, 2011

Banks Promise Not to Commit Fraud … Until Next Time

Citigroup (NYSE: C ) promised it would never again, as The New York Times put it, “violate one of the main antifraud provisions of the nation’s securities laws.” That seems like a noble aim, and we’d love to believe that Citigroup means what it says.

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November 17, 2011

Richard Russell: 12 Tips for the New Normal

Born in the Great Depression, Russell knows what it’s like to live in hard times. And in this new normal he has some survival tips.

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November 10, 2011

Islamic State v. Capitalism

As capitalism loses its universal appeal, it is an opportunity for Islamic intellectuals to offer an alternative that is more natural, equitable and social.

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November 10, 2011

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