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Showing posts with the label economy

Lebanon: the economy, stock market, investments

 Information regarding to Lebanon and it's economy:   May 16, 2022 updated information regarding the Lebanese Central Bank https://www.occrp.org/en/investigations/lebanon-central-bank-governors-son-moved-millions-abroad-while-lebanese-watched-blocked-savings-dwindle  Lebanon Central Bank Governor’s Son Moved Millions Abroad While Lebanese Watched Blocked Savings Dwindle Credit: James O’Brien by Riad Kobaissi, Tom Stocks (OCCRP), and Rana Sabbagh (OCCRP) 13 May 2022 In late 2019, a financial crisis led Lebanese banks to block most depositors from withdrawing or transferring U.S. dollars. But the central bank governor’s son was able to move more than $6.5 ...

China and EverGrande

  What to Know as the Latest Evergrande Bond Payment News Sends EGRNF Stock Climbing Shares are finally rising and investors are happy, but no one should be relaxing just yet 3d ago ·   By  Samuel O'Brient , InvestorPlace Financial News Writer The end of last week saw global markets tumble as China’s financial system was rocked. When the news broke that real estate conglomerate  Evergrande  (OTCMKTS: EGRNF ) was facing the fallout of a serious lack of liquidly, it sent shockwaves through Chinese markets that quickly spread to the U.S. and Europe. Reports this morning, indicating that the storm might soon pass as external forces step in to quell the crisis, are welcome news to anyone holding EGRNF stock. Analysts have been worrying for years about China’s ballooning corporate debt and what it might do to the global economy. Those fears resurfaced this week due to a debt crisis at Evergrande Group, a Chinese real estate developer, making us face a tough question: ...

About Venezuela and Socialism

We hear a lot about Venezuela in the news. At times, it's hard to know what's the reality. On Quara forum, someone took the time to explain the situation in great detail. It's at: American conservatives claim the failure of the Venezuelan economy is due to socialism. How valid is this claim? https://www.quora.com/American-conservatives-claim-the-failure-of-the-Venezuelan-economy-is-due-to-socialism-How-valid-is-this-claim Since there is a lot of censorship in social media, I'll add some of the points from that response: Rivero Felipe: response: "I am Venezuelan. I say this to justify that I am using google translate to answer this question. So let’s go. To understand the current disaster in Venezuela, you have to understand Chavismo. When talking about Chavismo, many people imagine it is Hugo Chavez. Although he was the supreme leader, there were actually other people (and groups) who created the doctrine that Chavismo would follow. And they would app...

June 2020 and global economy notes

I will add in this blog page, the various news regarding countries and their economic changes: 1. DECOUPLING DIFFICULTIES The coronavirus pandemic has given India a rare chance to play catch up with China Member exclusive by Ananya Bhattacharya for China’s changing 
influence However, in order to read the full article, you need to subscribe to the Quartz. I tried finding out how much the subscription would be, it's nowhere on the page. I don't really like not knowing how much something would cost. They just have the FREE trial button. The other FAQ questions don't really have the real price! So for the time being, I don't plan on subscribing. However, I have really enjoyed their analysis. At this point, I don't have that much time to read too many details. Summaries are much more preferred, that's my personal feeling these days.

Articles on Business After Coronavirus

I will compile here articles analyzing and predicting the effect of coronavirus on countries and the economy: April 22, 2020 - articles of importance Will You Be Left Behind? 2 Nobel Prize Economists Predicted This Once-in-a-Generation Wealth Shift... Will You Be Left Behind? A terrifying new trend is creating thousands of new millionaires (Barron’s estimates 20,000 to 200,000 so far) while at the same time destroying the financial future for many others. A tsunami of bankruptcies are about to wash away America's retail sector The Internal Revenue Service urges U.S. taxpayers to beware of telephone calls and email phishing attempts regarding COVID-19. These can lead to tax-related fraud and identity theft. Taxpayers should also look out for suspicious websites, text messages, and social media messages that request money or personal information. For more information, please see the Internal Revenue Service’s news release. Actions to Take: Forward unsolicited emails, ...

Uregency of Green Economy Transition

This info is from UNEP/TEEB NEWS RELEASE The Natural Capital at Risk: the Top 100 Externalities for Business Report at http://www.teebforbusiness.org New Study Shows Multi-Trillion Dollar Natural Capital Risk Underlining Urgency of Green Economy Transition LONDON / NEW DELHI, 15 April 2013 – A new report by the TEEB for Business Coalition estimates the global top 100 environmental externalities are costing the economy world-wide around US$4.7 trillion a year in terms of the economic costs of greenhouse gas emissions, loss of natural resources, loss of nature-based services such as carbon storage by forests, climate change and air pollution-related health costs. The report, “Natural Capital at Risk – The Top 100 Externalities of Business”, was released today during the Business for the Environment summit in New Delhi. Planetary boundaries are being approached at a reckless pace, and some argue that global biodiversity, nitrogen and climate thresholds have already been breached....