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Myanmar has a bloody past of military and dictatorial oppression, however the new President has been pushing for economic and political reforms that have caused much investor speculation. Despite all the new money flowing to their economy, Myanmar’s recent emplacement of former military general Swe as Vice President shows that
The American housing market has done very little to recover since the bubble popped in 2007 and governments’ growing desperation to prevent mass default has led them to be extremely impatient with homeowners who have any amount of back-taxes. However, in the government’s desperation lies investor opportunities to make big profits
July 10, 2012 Porto, Portugal It’s been said that the definition of insanity is to do the same thing over and over again but to expect a different result. On that basis, the western world’s economic policymakers are clearly certifiable. They cut rates. It does nothing. So they cut rates again. And
American economist and New York University professor Nouriel Roubini is infamous for his prophetic foretelling of the housing bubble in 2007 and his current pessimism of Eurozone unity. In a recent interview with Bloomberg, Roubini revealed that he foresees another major collapse to occur in 2013 along with several other grim
Everyone is well aware that renewable energy is the way of the future, however that time may be farther away than we realize. Government subsidies by the Obama administration have wasted money on green energy initiatives that are not yet economically viable. Market Watch reports on how new technology in fracking and natural
One of America’s fundamental economic problems has been overconsumption. Part of the reason for the housing bubble in 2007 was first time home buyers were taking out loans they couldn’t afford. However, in the wake of the collapse and the current economic uncertainty, Americans are now making the smarter decision
Many people admire China for all of the capitalist friendly economic reforms they’ve made over the past 30 years, however in many ways, they’re still not doing enough to foster entrepreneurship. Communist China still focuses much of their resources on state-owned entities instead of allowing a competitive private sector. The Associated Press
Turmoil in Europe is even more evident today as a result of massive debt, austerity measures and desperate bailouts. Everyone is currently holding their breathe in anticipation of an eventual Eurozone collapse however, some people are more pessimistic than others. Author Wolfgang Münchau for one believes that this Euro crisis will not
July 10, 2012 Porto, Portugal Portugal is a country that I’ve always enjoyed, full of warm, welcoming people, excellent wine, and great weather. I came to Porto, the country’s second largest city of some 1.5 million, to get a sense of what’s been happening since the eurocalypse. 1. Capitulation of hope Excluding
Success in life is almost always built on the lessons learned from past failures. Adversity fuels us to achieve goals we never believed were possible. While some people believe that Davids only defeat Goliaths in fairy-tales, research shows that underdogs beat the odds much more often than we suspect. In
Personal privacy is a growing issue in today’s wireless world and since there are nearly as many cell phones as there are people, almost everyone faces privacy risks. Ever since the passage of the Patriot Act, law enforcement’s use of cell phone surveillance has skyrocketed. The New York Times reports on this
Since its inception, the Second Amendment was created in order for US citizens to form their own militias against threats to their sovereignty both foreign and domestic. Despite its initial purposes, many people have forgotten its importance and now the UN is seeking to implement international legislation to effectively overrule
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