Tuesday, 29 November 2016

Saudi Arabia Warns Trump against Banning Oil Imports

Cheap oil pushes Saudi Arabia into further budget cuts. Saudi Arabia is cautioning President-elect Donald Trump against carrying out a threat to cut off American purchases of the kingdom's oil.

Cuba For Sale - People & Power

People & Power investigates the recent economic changes and the effect of property ownership on Cuba's communist legacy.


Are Executives Being Paid Excessive Amounts? - BBC Newsnight

Sam Bowman, Executive Director of the Adam Smith Institute and Mariana Mazzucato, Professor of Economics from Sussex University, debate executive pay ahead of the government’s green paper.

Friday, 25 November 2016

The Decline of US Mall Culture

The US holiday shopping season has kicked off. Black Friday has traditionally been the busiest retail day of the year and a money-spinner for malls. However, changing consumer habits have cost these malls their profit.

Thursday, 24 November 2016

Happy Thanksgiving!

Wishing all my American visitors, followers, and Twitter followers a VERY HAPPPY AND BLESSED THANKSGIVING

Tuesday, 22 November 2016

Who Are the US 1% & What They Do? (2012)

The top one percent of the world financial pyramid is protecting the one percent and they are causing major damage to the 99 percent in the US. The US has been the scene of protests since September 17, when a group of people who have dubbed themselves the 99 percent began rallying in New York's financial district to protest 'corporate greed' and top-level corruption among other instances of social inequality in the United States. US police have used violent methods to disperse or arrest protesters. The movement has now spread to major US cities and other countries, including Australia, Britain, Germany, Italy, Spain, Ireland, and Portugal.

Friday, 18 November 2016

Climate SOS: The 47-country Pledge to Be 100% Renewable by 2050

The 47 members of the Climate Vulnerable Forum, a group of countries that are disproportionately affected by the consequences of global warming, have just made an ambitious commitment to rely 100% on renewable energy by 2050.

Tuesday, 15 November 2016

Inside Story - Will India's Crackdown on High-value Banknotes Stop Corruption?

A week after the government of India withdrew high-value banknotes from circulation, millions are struggling to get cash.

Sunday, 13 November 2016

Remembrance Sunday 2016

Let us remember the fallen – those who sacrificed their lives for us and our freedoms

In Flanders Fields

By Lieutenant Colonel John McCrae, MD (1872-1918) Canadian Army

In Flanders fields the poppies blow Between the crosses, row on row, That mark our place; and in the sky The larks, still bravely singing, fly Scarce heard amid the guns below.

We are the Dead. Short days ago We lived, felt dawn, saw sunset glow, Loved, and were loved, and now we lie In Flanders Fields.

Take up our quarrel with the foe: To you from failing hands we throw The torch; be yours to hold it high. If ye break faith with us who die We shall not sleep, though poppies grow In Flanders Fields.

Source: Arlington Cemetery

Saturday, 12 November 2016

'Trumponomics': Counting the Cost

A special focus on Donald Trump's economic policy and what his presidency means for the US and the global economy.

Friday, 11 November 2016

India Rupees: Chaos at Banks after Demonetisation

Millions of Indians are waiting in long queues to exchange bank notes which are being withdrawn from circulation.

Under a demonetisation plan, two commonly used notes - Rs1,000- and Rs500 - will no longer be in circulation and have to be exchanged by the end of the year.

The surprise government announcement, which came two days ago, is aimed at tackling corruption and tax evasion.

Al Jazeera's Victoria Gatenby explains.

Thursday, 10 November 2016

Alan Greenspan: I Didn’t Vote for Hillary Clinton or Donald Trump – BBC Newsnight

Evan Davis spoke to the former president of the Federal Reserve, Alan Greenspan. What's his reaction to the result of US presidential election - and Donald Trump's victory?

Friday, 4 November 2016

Egypt Floats Currency, Paving Way for IMF Loan

The price of gas in Egypt has risen by more than 30 percent overnight, after the government removed subsidies on car and cooking fuels.

Can Egypt's Decision to Devalue Currency Help Boost Its Economy?

Egypt's Central Bank governor says it's a turning point in the country's economy. Devaluing its currency is one of the requirements laid out by the IMF, in order for Cairo to receive a 12 billion dollar loan. The cash-strapped government has also raised fuel prices, and plans to cut back on subsidies for consumer goods.

The IMF says allowing the Egyptian pound to trade freely will attract foreign investors. But for many people it's a bitter pill to swallow.

Inflation and unemployment are already high, and there are fears that the currency devaluation will cause the price of food and services to soar.

The UN says more than a quarter of Egypt's population lives below the poverty line.

Frustration about the rising cost of living has prompted calls for demonstrations to protest against the government's handling of the economy.

Will the currency devaluation and other controversial financial reforms help the ailing economy?