Protest over President Michel Temer’s austerity measures are crippling public transport in several major cities, and many factories, businesses and schools are closed, including in major tourist areas. Police have barricaded protesters from entering airports (some flights were delayed and cancelled earlier) and are trying to clear up roadways. Brazil has not had a nationwide … Read more
The new president has so far racked up a travel bill of $20m. The rate, accumulated over Trump’s first 100 days, if continued would cost $294 million after 4 years, or over half a billion after 8. One of the top destinations for the president is his private Mar-a-Lago resort in Florida, which he calls … Read more
“If you study Chinese products, you can get inspiration,” according to a woman who works for technology investment firm Andreessen Horowitz. She also works helping U.S. startups learn from Chinese tech. Connie Chan says Chinese tech is ahead of U.S. tech in everything from livestreaming (worth $5b) to messaging. For example, while Americans almost all … Read more
Central Banks manipulate the price of money using several different tactics for controlling interest rates. One of those mechanisms is buying assets like bonds. The last easing program that the Federal Reserve conducted ended in Oct. of 2014. Even though interest rates are still at a record low in the United States, the effects of … Read more
THESSALONIKI, Greece — Over the past weeks, many hours of airtime and many inches of newspaper columns have been dedicated to the controversy of Greek national debt. The “modest proposal” presented by the Greek Government for debt renegotiations has drawn the attention of media across Europe. The Greek side of the debate has voiced great concern about the austerity policies … Read more