Economics & Investments
Getting to Crazy
There aren’t many positive aspects to the looming possibility of a U.S. debt default. But there has been, I have to admit, an element of comic relief
Debt Talks Reveal Republican Apocalyptic War on Government
As Default-on-Our-Debt Day creeps ever closer, America’s two major political parties have embarked on a round of ideological redefinition.
High-Spending Arab Tourists Flock to Turkey
Dozens of Gulf Arab women in flowing black veils whisk through one of Istanbul’s most luxurious shopping malls, clutching bags of lingerie, shoes and toys, swarms of children in tow.
Islamic Trade Finance Seen Lifting Growth of Sector
The global Islamic finance industry, which has been growing between 15 to 20 percent a year, is widely expected to reach $2 trillion in the next three to five years.
Financial Problems in America
Is America in denial about the extent of its financial problems, and therefore incapable of dealing with the gravest crisis the country has ever faced?
Getting Past the Paralysis on Jobs
Every week brings fresh evidence that America’s unemployment crisis is much deeper and more systemic than predicted — yet Washington seems unwilling or unable to do anything about it.
Bernanke Glum on Growth–But No stimulus Hints
Federal Reserve Chairman Ben Bernanke on Tuesday acknowledged the economy has slowed but offered no hint the U.S. central bank is considering any more stimulus to accelerate growth.
Playing With Default
The current puppet play in Congress—where Republicans sponsored a bill to raise the nation’s debt ceiling only because they wanted to vote it down—would be funny, if only they weren’t risking economic disaster. Unfortunately they’re not joking, as they push the country closer and closer to a potentially ruinous default.
Islamic Trusts Could Revive Gulf Property Market
DUBAI, June 2 (Reuters) – Jordanian Ashraf Hamdan began investing in Dubai’s real estate market in 2006, with a few modest rental investment forays before turning his sights on flashier projects as a wave of luxury developments hit the market.
Stocks Teetering on ‘Tipping Point’ of a Correction:
Dr. Doom sees global economic growth stalling; corporate results will disappoint, he predicts.
Federal Government Reinstates the Estate Tax – What That Means to You
Recently, the Federal government has reinstated a law that will have a significant impact on how we manage our estate. Beginning in 2011, the Federal government brought back the federal estate tax, which imposes a 35% tax on any estate exceeding $5 million, or $10 million for married couples.
50 Things Every American Should Know About The Collapse Of The Economy
Right now, we are witnessing a truly historic collapse of the economy, and yet most Americans do not understand what is going on.
J.P. Morgan’s Hunt for Afghan Gold
That’s it? That’s the gold mine? It doesn’t look all that different from the forbidding country we’ve been traversing: just another pile of rocks and scree. The jet-lagged man in the seat across from me knows better. His sleepy eyes are suddenly alert. If anyone can wrest a fortune from Afghanistan’s rubble, it is this man, Ian Hannam.
Iraq Tries to Revive Ailing Date Industry
BAGHDAD, April 27 (Reuters) – Standing in the middle of what was once a date palm oasis overlooking the Tigris River, Salim Abdulla al-Salim sees little hope in Iraq’s quest to relive its heyday as the world’s leading producer of dates.
Venture Lets Palestinians Buy Piece of West Bank
With the aim of “putting Palestinian land in Palestinian hands,” the TABO project seeks to promote broader ownership of the West Bank by making land more affordable and encouraging formal registration of land holdings in official title deeds.
The Cost of One Man
Analysis of the economics of the military history of the US
Running in the Red: How the U.S., on the Road to Surplus, Detoured to Massive Debt
The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis.
US Economy 101: Stealing from Social Security to Pay for Wars and Bailouts
The US dollar’s value is likely to fall further in terms of other currencies, because nothing is being done about the US budget and trade deficits. Obama’s budget, if passed, doesn’t reduce the deficit over the next ten years by enough to cover the projected deficit in the FY 2012 budget.
Arab Revolution Could Trigger Foreign Investment boom
LONDON (Reuters) – Unnerving as it is, the tide of political change sweeping the Arab world may also end up drawing in a fresh wave of foreign capital for the region.
