Published scoops - Economy


Food costs to soar as big freeze deepens

Britons have been warned to brace themselves for an increase in food prices as plunging temperatures leave farmers unable to harvest vegetables and hauliers struggle to distribute fresh produce.

Gordon Brown, who will chair a meeting of the Cobra emergency committee early this week to discuss the freeze, was today forced to reassure the country that it would not run out of gas or grit for its roads during the coldest weather in 30 years.

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Created by Kevin 3 weeks 4 days ago – Made popular 3 weeks 4 days ago
Category: Economy   Tags:

G20 Summit: "Tough Regulations" Or Just "Business As Usual"?

Sept. 28, 2009 - At the end of the 2 days G20 summit that was held in Pittsburgh, US president Barack Obama declared that "the world's leading nations have agreed tough new regulations to prevent another global financial crisis".

According to the Financial Stability Board, which coordinates the Group of 20 regulation initiatives, "there has been good progress in strengthening the financial system to apply lessons from the credit crunch". (read FSB report on G20 financial rules progress).

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Created by Keiros 18 weeks 5 days ago – Made popular 16 weeks 5 hours ago
Category: Economy   Tags:

U.S. Banking: The End Of The Nightmare?

Seven months after the financial earthquake that shook Wall Street, after the collapse of Lehman Brothers, large U.S. banks begin to talk about profit growth and solid earnings for 2009.

Jaime Dimon, CEO of JPMorgan Chase, is proud of the performance of his bank, and says that he can now return the 25,000 million dollars that he lent from the Treasury 6 months ago.

The worst of the post-Lehman panic seems to have passed, in view of some quarterly results, better than expected, for Wells Fargo, Goldman Sachs, JPMorgan Chase and Citigroup. The strategy of "close to zero" interest rates orchestrated by the Federal Reserve seems to begin to stabilize the credit, the key step to bolster the economic upturn.

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Created by Laura 41 weeks 6 days ago – Made popular 41 weeks 2 days ago
Category: Economy   Tags:

Movie trailer: Let's Make Money

Most of us don't know where their money really is. However, one thing is for certain: it is not in the bank, to which we entrusted it. The bank and our money is already a part of the cycle of the global money market.

After WE FEED THE WORLD, Erwin Wagenhofer presents his new film Let's Make Money, following the tracks of money through the world-wide finance system, and points out the consequences of our greed for money.

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Created by admin 42 weeks 2 days ago – Made popular 42 weeks 1 day ago
Category: Economy   Tags:

Tax Havens: The Worst Are Not Those You May Think.

During the last G20 summit held in London in April 2009, participant countries agreed, among other measures, to strengthen international cooperation in order to get rid of tax havens (aka "fiscal paradises").

According to the U.S. Government Accountability Office, a tax haven could be defined by the following statements:

  • no taxes or only nominal taxes
  • lack of effective exchange of tax information with foreign tax authorities
  • lack of transparency in the operation of legislative, legal or administrative provisions
  • no requirement for a substantive local presence
  • self-promotion as an offshore financial center
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Created by Keiros 42 weeks 3 days ago – Made popular 42 weeks 1 day ago
Category: Economy   Tags:


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