US President Donald Trump’s alleged remarks questioning why the US should take in immigrants from what he apparently called “shithole countries” — those comprising Africa, along with Haiti and El Salvador — have been met with indignation around the world.
It is expected that some Chinese local government officials may still try to fight bureaucracy with bureaucracy. For instance, when inspectors come, the officials will list how many meetings they have held, how many documents they have released and how many reports they have written to the cause.
Despite bitcoin has plunged below $10,000, almost halving in value from its peak price near $20,000 in late December, it is undeniable that alternative currencies are gaining attention against fiat currencies. However, as reported by Flossbach von Storch they all lack one characteristic absolutely necessary for money to have value over the long term: its existence as a commodity that has intrinsic value or can be changed into one that does.
After nearly a decade of easy money, the financial markets and the economy have not just become addicted to debt, but also indifferent to the continued growth in global debt.
When it comes to the fight against climate change, the conversation has focused nearly exclusively on how to bring down levels of one element — carbon. But what role will the metals and the mining industry play in the drive to realize a low-carbon future? As it turns out, one larger than we might think.
American president Donald Trump reportedly disparaged immigrants from Africa, El Salvador and Haiti on Thursday, asking his advisors, “Why are we having all these people from shithole countries come here?” Trump then suggested that the United States should bring more people from countries like Norway, whose prime minister he met a day earlier.
Gold’s recent winning streak was the mirror image of a weakening US dollar. Julius Baer’s analysts still see upside for the US dollar, resulting from accelerating growth and rising interest rates, which should weigh on gold over the coming months. These rate cycle headwinds should however fade as the year progresses, opening up medium- to longer-term bottom-fishing opportunities.
Western democracies are inevitably prone to mounting national debts, as voting populations want government services or handouts, but do not want to pay for them.
Caixin | The banking regulator has recently announced its punishment for a number of banks involved in illicit practices in 2017, imposing record fines totaling more than 2 billion yuan ($308 million).
2018 may be the year of the infrastructures. Perhaps it won’t be the best or the most efficient plan which emerges. But what’s clear is that something has to be approved which allows Donald Trump to cut the ribbons on motorways, bridges and other more or less large structures.