Hard hitting global and local news
Eric Tillberg, writer on Policy Mic says The War On Terror is Over, and the Terrorists Won .
India in Serious Trouble (and Gold at the Heart of It) Last week India’s trade minister, Anand Sharma, came out with a laughable suggestion: RBI should consider monetizing gold . India’s central bank should look into the possibility of monetizing gold holdings, trade minister Anand Sharma said on Thursday, in the latest proposal aimed at combating a yawning current account deficit that has hammered the rupee. It was not immediately clear whether Sharma was referring to the 557.7 tonnes of gold the Reserve Bank of India (RBI) holds in its own reserves, or gold in private hands
Read the original: Reflections on Peak Oil, India, Asia, and Global Growth; What’s the Mathematical Outcome?
Writer Gideon Rachman says Echoes of the Iraq war are eerie but misleading . The probable lack of a UN resolution authorising the use of military force in Syria does carry an unfortunate echo of Iraq
Error Over Quota This application is temporarily over its serving quota.
Here is a bit of reality: Currency collapse confounds India Inc Indian companies such as Whirlpool of India Ltd say they can’t plan more than a couple of months out as a fast-falling rupee currency drives up the cost of imports, forcing them to raise prices even as consumer spending crumbles. Companies that import finished goods or raw materials are the worst hit as they scramble to hold onto margins while balancing the need to raise prices without deterring buyers.
Read this article: Reflections on "A Moral Obscenity": How Long Ago Was a War Against Syria Decided?
See the original post: Durable Goods Orders Plunge 7.3%, Nondefense New Orders for Capital Goods Plunge 15.4%; Plunge to Accelerate?
In Human Versus Physical Capital Krugman stated … So the story has totally shifted; if you want to understand what’s happening to income distribution in the 21st century economy, you need to stop talking so much about skills, and start talking much more about profits and who owns the capital.