Business & Finance – Page 2

News

Spanish Youth Unemployment Reaches Fifty-One Percent

Over half of all youth in Spain are unemployed, raising anew concerns that Spain’s economic woes may lead to a ‘lost generation.’ Unemployed youth in Spain hit 51.4% in December 2011, double the European Union average while the national unemployment rate was at 22.85%, its highest level in 17 years and according the The Telegraph, […]

News

The World Bank Issues “China 2030” Report in Collaboration with the PRC’s Development Research Center of the State Council

The People’s Republic of China has made few moves towards free market reforms in the past decade and has little incentive to do so with a robust economy and record-breaking growth rates. However, a Communist Party congress later this year will see the PRC with a new leader and potentially a new vision for China’s […]

News

Former Icelandic Prime Minister Geir Haarde on Trial over Charges of Negligence in the 2008 Financial Crisis

Iceland’s former Prime Minister Geir Haarde is the first world leader to be brought to trial for his handling of the 2008 financial crisis that bankrupted Iceland and saw the collapse of the country’s three largest banks. Geir Haarde’s response to the serious charges levied against him in Reykjavik are that he is the victim […]

News

Are Declarations of Indian Industrial Might Premature?

Since the reforms of the economy in the 1990’s the India has grown immensely with domestic firms gobbling up foreign competition in the United Kingdom and elsewhere. Because of the accelerated rate of globalization of Indian firms the percentage of Indian companies engaged in cross-border trade has risen, accounting for $129 billion in trade in […]

Global Banking and the Mexican Cartel Problem.

A major hindrance for governments grappling with international drug trafficking is the very banking system that is the lifeblood of the world economy. Banks around the world either knowingly or unknowingly profit from drug trafficking. This has become a particularly acute issue in the international effort to stop the powerful Mexican drug cartels from moving […]

Richard Wilkinson: “How Economic Inequality Harms Societies.”

Richard Wilkinson has studied History at the London School of Economics and receives his Masters from both the University of Pennsylvania and the University of Nottingham, his second being in “Socio-economic Factors in Mortality Differentials.” Along with Kate Pickett he founded the Equality Trust, an organization that attempts to explain the social benefits of a […]

The City of Wenzhou’s Rise as a Manufacturing Capital with Informal Credit Markets.

When entrepreneurs in China seek financing for their projects they often turn to the informal credit market because the state-owned finance channels tend to prefer state-owned firms. Wenzhou is a manufacturing capital in China that produces everything from cigarette lighters to tennis shoes – its economy is both a shining example of how far China […]

Chinese Fund Manager Sentenced to Death After Losing Investors’ Money.

An investing scheme in China hatched between two brothers and their father, Ji Wenhua, Ji Shengjun and Ji Linqing of Yintai Real Estate Investment Group, illegally amassed a fund worth over $1 billion between 2003 and 2008. Ji Wenhua, president of the Yintai Real Estate, was sentenced to death for his crimes by the Intermediate […]

The Goldman Sachs Conquest of Europe.

The euro zone financial crisis has seen its share of historical events but none more telling than the recent ascension of Mario Monti to the Italian Prime Minister’s chair. With the removal of Berlusconi and the rise of a government of technocrats determined to right Italy’s financial ship of state, yet another European nation’s leadership […]

Does Private Property Exist in Russia?

Andrei Zaostrovtsev asks this very pointed question in his article for OpenDemocracy.net, “Privatisation, but No Private Property.” After the fall of the Soviet Union in 1991, many of the state-owned industries were reorganized and sold off to investors by the state, many of these investors becoming very rich off of their purchase of Soviet capital […]