Another Headache for the EU

The Eurozone has found another focus in its continuing debt crisis as Cyprus squabbles over discussions of a proposed bailout plan for its oversized banking sector. Cyprus is ill-regarded in the international community as a tax haven for wealthy individuals that wish to hide their assets overseas.

Similar to…

26 Mar 2:26 PM 0 Read More...

Why the U.S. Should Increase Minimum Wage

Of developed Western countries, the United States has the lowest minimum wage, standing at a paltry US$7.25 per hour in most states. In his recent State of the Union Address, President Obama urged Congress to gradually raise the minimum wage to $9.00 per hour by 2015, amounting…

15 Mar 11:09 AM 4 Read More...

The Next-11

Following the success of the BRIC nations, investors and speculators worldwide have been discussing some of the world’s largest future economies. Coined the Next-11 by Goldman Sachs, the nations include Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea, Turkey, and Vietnam.

Despite having varying levels…

05 Feb 11:44 AM 1 Read More...

Macroeconomic Update On Myanmar

When economies with growth potential are mentioned, it is all too easy to immediately think of the BRIC or the Next Eleven. Overshadowed by its two growing giant neighbors, India and China, little consideration is given to the state of Myanmar, also known as Burma.

In light of political reforms…

20 Nov 1:27 PM 89 Read More...

China And Japan Battle Over Disputed Islands

No, war will not occur. A trade war, on the other hand, has already started. In light of recent events surrounding the Senkaku/Diaoyu Islands, China and Japan have been having an increasingly strained relationship – to say the least.

Following the United States administration of the Senkaku/Diaoyu Islands, China…

19 Oct 11:04 PM 0 Read More...