What Happened to Brazil?
John Feffer | Latin America’s largest country once looked ascendant. Now it’s been laid low by widespread violence, structural racism, endemic corruption and external economic shocks.
John Feffer | Latin America’s largest country once looked ascendant. Now it’s been laid low by widespread violence, structural racism, endemic corruption and external economic shocks.
With a net worth of US$32.6 billion, Li Ka-shing is Hong Kong’s richest man, and was long all of Asia’s richest man until edged out by Wanda Dalian’s Wang Jianlin in August. His business empire has historically been China-centric, though his conglomerate Hutchison Whampoa is far-reaching with 270,000 employees in 52 countries.
The G20’s Financial Stability Board will apparently demand higher capital requirements from global systemic insurers to avoid collapses such as AIG’s in 2008. The capital increase could be around 10%.
Fernando Barciela | The IMF and other international organisations including the OECD are very worried these days that the global economy will only grow 3.3% or less this year. On the other hand, they are very happy about Spain achieving the same level. Why? What makes the diference?
After the IMF warned about the structural reasons behind the emerging economies’ slowdown, José Luis Herrera, Spanish analyst at CMC Markets, talks about possibles solutions for commodities’ producers.
Yukon Huang via Caixin| The prolonged slowdown in China’s economy has generated a fierce debate about whether the country needs a new “growth model.” All economies, however, are guided by the same growth model developed decades ago by Nobel Prize winner Robert Solow: growth of investment and labor along with productivity.
What really shocked the markets was not the Fed’s decision to maintain zero interest rates for a few more months, but the statement that accompanied it.
With all the talk of an imminent interest rate hike, there are likely to be winners and losers.
It is a simple story of failure, but one that fits the facts. It´s also based on a simple premise: An inflation obsession that took hold in 1974.