A latest snapshot of oil production of the OPEC-12 nations, majority producers of the world’s cheap conventional oil.
In his open letter published in a German newspaper prior to the Greek election, now prime minister Alexis Tsipras let loose a fusillade of Voldemorts, laying bare what has been obvious to many but which seemingly everyone was afraid to utter in public.
See how a blighted and run-down block built in a traditional pattern compars against a shiny and new auto-oriented block built for a drive-through fast food chain restaurant when it comes to tax revenues to the city.
Long a favorite tool by the investment community to juice up returns, financial leverage works both ways. The consequence of a leveraged bet gone wrong can be existential, as the latest lesson on currency trading demonstrates once again.
G20 governments are quietly slipping bail-in provisions into law to make sure that next time a too big to fail bank blows up again by derivatives it will be rescued using depositors’ money, in the name of protecting the taxpayers.
Herded along by the Financial Stability Board, governments of leading economies endorsed a framework during the past G20 Summit whereby depositors’ money will be used to rescue a failing bank when the global derivatives casino blows up again next time.
The derivatives market, the trigger of the 2008 global financial crisis, has since gotten even bigger and more concentrated into fewer hands. A mutually assured destruction awaits the global economy next time it goes off again.
Financial derivatives are financial contracts in which the promised payoffs are derived from the performance of another underlying entity. The underlying entity can be an equity (such as an individual stock or a stock index), interest rate, credit or c …
With no fanfare and little to no media coverage, your government has just put in place a mechanism to use your deposit money to bail-in a failing bank, like what happened in Cyprus a short time ago.
A progress report on Germany’s efforts to transition from fossil and nuclear fuels shows impressive gains in solar and wind energy. At the same time, the road to a completely fossil fuels free power grid remains daunting.