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yellen

World economy 9th October 2013

Janet Yellen: Here’s The Next Most Powerful Person in the World’s Economy

NEW YORK | By Ana Fuentes | If the Senate agrees and everything goes by the script, President Obama will pick Janet Yellen as the Federal Reserve’s next leader on Wednesday, the White House said. Ms. Yellen, 67, has been the Fed’s vice chairwoman since 2010 and would be the first woman to run the central bank. Among her first tasks is how quickly to wind down the U.S. expansionary monetary policy. Will she take even more aggressive measures to boost growth? If so, how will markets react?

mexicooil

World economy 8th October 2013

Mexico Faces Oil Revolution -and a Dilemma

MEXICO CITY | By David Brunat | “If Mexico is capable of passing its energy reform in a way that enables them to attract foreign investment, it will mean that Canada, United States and Mexico will altogether become the new Middle East in terms of gas and oil production,” U.S. Congressman Henry Cuellar recently said. For some experts the North American country is dealing with its most important political decision of the last century.

100 bills

World economy 8th October 2013

The New $100 Bill Hits the Streets

NEW YORK | The Corner Team- (Image by Andrew Harrer) | With two and a half years’ delay, the new $100 bill began circulating on Tuesday. It still has Benjamin Franklin on the front and Philadelphia’s Independence Hall on the back, but comes with new security features such as a band with moving images, ink that changes color with the angle as well as a new design. Some customers could start using it in the coming hours, depending on how close their bank is to a regional Fed facility.

No Picture

World economy 8th October 2013

Can Business Solve Social Problems?

The Corner Team via TED Talks | Should we turn to corporations or to governments and NGOs in order to solve global problems such as access to water? Is money the key (and barrier) to education, access to justice and political influence? Two radically different ideas on business and its potential for good.

India Against Corruption 9

World economy 5th October 2013

Indian Politics: Kicking Out Criminals

BANGALORE | By Srikanth Vasuraj | Thanks to the Supreme Court of India, the last few days have seen some significant action, sending some powerful politicians behind bars. The country has over the years seen rising criminalization of politics with people with dubious backgrounds winning elections and occupying seats of power in Parliament. The growing cosy nexus between parties and criminals with the objective of winning seats in elections and the rising corruption amongst the ruling political class and bureaucracy have been the main cause for this alarming phenomenon.

World economy 4th October 2013

U.S. Govt Shutdown Not Debt Crunch… But Mess Can Spread Fast

WASHINGTON | By Pablo Pardo | What is the difference between the current fiscal crisis and government shutdown and an eventual U.S. default after Oct. 17th? The same between a “disruptive” event and a “major macro systemic event”. Think of the 1929 Crash or the 1973 oil shock.

No Picture

World economy 4th October 2013

Tropical Storm Karen Comes to the Rescue of Oil Prices

MEXICO FD | By David Brunat | Odd as it may sound, tropical storm Karen, expected to hit the Gulf of Mexico in the coming hours, has come to stabilize oil prices and ease concerns that a prolonged U.S. government shutdown would hurt demand. Crude rose to near $104 a barrel Friday.

fish

World economy 3rd October 2013

To Excel in Latin America, Bet on Small Fish

MEXICO FD | By David Brunat | Think small, invest big. That’s the World Economic Forum Global Competitiveness Report advice on Latin America. While the continent’s larger economies are apparently shrinking or stalling, the usually forgotten small fishes continue to grow and have become very interesting places for business.