FINANCIAL CRISIS Asian markets fall on historic US credit downgrade Asian stock markets plunged on Monday morning following an unprecedented downgrade of the US government’s AAA credit rating to AA-plus by Standard & Poor’s and growing worries over the eurozone debt crisis.[...]
Posts Tagged ‘dollar’
April 15th, 2011 - 6:34 am § in Uncategorized
Will the People of Color Alliance (aka BRICS) be the next world power?
BRICS is a grouping of the emerging economic powers. Most of the news has centered on their effort to create a new world currency, what I call the Omega! Perhaps more interesting, is the odd the mix of ethnic background and political leanings of the leaders of this new Rome: A Sikh Indian leader o[...]
As Congress punts, the dollar melts.
Ed. Yesterday’s bizarre behavior of the Republican House may meltdown the dollar. from CNBC. excerpted. In 10 months, the Dollar Index has lost 14% because the world keeps accumulating dollar doesn’t want and sells them. Asian central banks are key. “Asia Pacific banks are renowned for[...]
The Republican ignorance agenda
Robin Lakoff, from Berkeley Blog Conservative Republicans have been very busy lately making inroads into teaching and learning at all levels — a curious program, especially at a time when more serious voices have been urging America to strengthen its investment in science and technology in order t[...]
Taxing the Rich: Great in Boom Times BAD now!
Nearly half of California’s income taxes before the recession came from the top 1% of earners: households that took in more than $490,000 a year. High earners, it turns out, have especially volatile incomes—their earnings fell by more than twice as much as the rest of the population’s [...]