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As a result of the financial uncertainty in Europe, The S.E.C. has asked U.S. banks for voluntary investment transparency but few have been cooperative. Banks are either choosing not to disclose detailed balance sheets because they really don’t know what’s on them or because they don’t want to alert investors to the amount
June 4, 2012 New York City This past Friday, Barack Obama was at a Minneapolis-area Honeywell plant touting his economic recovery credentials to cheering disciples. One of the excited faithful was a young boy, fifth-grader Tyler Sullivan, who took the day off from school to hear the President speak. The President was full of the usual
The corn industry is the largest agricultural complex in America. These aren’t your humble farmers though. Corn refiners and seed manufacturers (i.e. Monsanto) have amassed considerable political sway. They’ve then used this power to obtain giant subsidies and pro-corn legislation to ensure that corn remains one of the most used raw materials in
South American economic growth has created a new wave of students looking to study abroad. There appears to be a correlation between South American countries with high rates of study abroad participation and that country’s friendliness towards business. The top 5 South American countries exporting students according to University World News are: “Brazil
According to a recent study by the Bespoke Investment Group, there is an inverse relationship between the number of Drudge Report headlines relating to finance and the direction of the S&P 500. This concludes that either Matt Drudge steers the US economy or that the Drudge Report, like most media, only focuses on
Religion is often a delicate subject and peoples’ faith can be easily offended. One issue of constant controversy is the illustration of the Prophet Mohammed. Pakistan recently blocked Twitter for 8 hours in response to them refusing to remove content linking to a Mohammed illustration contest. Facebook appeased the request to remove the
There has been much talk of class-warfare and 99% propaganda over the past year in the US. People have declared that the wealthy don’t pay their “fair share” and that the lower and middle classes have taken the brunt of the recession. However, recent statics contradict that sentiment and show that the wealthy
June 1, 2012 New York City This week saw yet another move from the Chinese government to internationalize its currency and eventually overtake the dollar. The latest? Direct foreign exchange between the Chinese renminbi and the Japanese yen. In other words, when the two nations trade, they’ll no longer need to use the US dollar as
The 21st century has brought about a technological revolution that has also changed the strategy in how wars are fought. Not only is the US using Predator Drones kill people remotely, but they’ve also been using hackers to fight Iran in cyberspace. Their most recent virus, “Flame” was discovered in Iranian computers and
Despite the skyrocketing cost of US education and the mounting debt that American students are accruing, Chinese youth are still looking across the Pacific for education opportunities. In spite of the outcry of degrading quality of education, US institutions are maintaining their international prestige. William Bennett of CNN reports: “I just returned from
