In a centrally planned economy decisions on what to produce, how to produce and for whom are taken primarily by the government. The term is usually associated with communist economies. However, since US President Franklin D. Roosevelt implemented a robust range of government policies in the 1930s to counter the effects of the Great Depression, using principles that would be popularized by UK economist John Maynard Keynes, […]
The heads of the law firm at the centre of the Panama Papers scandal have been refused bail following their arrest by police in Panama. Jürgen Mossack and Ramón Fonseca were taken into custody on Thursday as part of an apparently coordinated swoop by prosecutors across Latin America investigating the massive Brazilian Lava Jato scandal. Their defence lawyers have confirmed that they will remain in custody. Elías […]
Award-winning television journalist Jessica Yellin, who has covered the White House and Capitol Hill and reported from around the globe, has joined the Center for Public Integrity’s board of directors. “I am thrilled to support the exceptional work of the Center, an organization that does what journalism is meant to do: dig, inform, educate public opinion and hold power to account,” Yellin said. “This work is vital […]
Update: It appears President Trump is pleased with the judge’s decision… We must keep “evil” out of our country! — Donald J. Trump (@realDonaldTrump) February 3, 2017 * * * As we detailed earlier, in a blow to every mainstream media news outlet (and likely hurting a lot of feelings), President Donald Trump’s ban on immigrants from seven Muslim-majority countries will take effect in Boston on […]
Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and with strategic support from the Ministry of Economy Event a key indicator of smart-service adoption as an important tool for conducting business, supporting smart trade and a knowledge economy Dubai, UAE, 3 February 2017 Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler […]
Ever since 2014, Google has offered users to install its own Google Now-based launcher on any Android device, but that option may soon revoke. According to reports, Google is planning to remove the Google Now Launcher from the Play Store not later than Q1 2017. It will also stop approving new Android devices that’ll ship with the said launcher beginning March 1. Google Now Launcher To Be Pulled […]
“The danger is that this is the first stage in an escalation that could culminate in a military confrontation between Iran and the United States, or Iran and Israel,” said Karim Sadjadpour of the Carnegie Endowment for International Peace. “The entire eight years of the Obama administration was an example of unprecedented but largely unreciprocated overtures for cooperation with Iran in the Middle East. The Iranians weren’t […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
Panama on Tuesday suspended a probe into the so-called Panama Papers, a trove of documents that brought to light widespread tax avoidance among some of the world’s most powerful leaders, prosecutors said. Attorney General Kenia Porcell said a legal challenge on constitutional grounds required the suspension, adding that it was now in the hands of the Supreme Court to decide whether to reactivate the investigation. “The investigation […]
Domestic consumption of desalinated water in the region is not only carbon-intensive but contributes to making the Arabian Gulf one of the world’s most salty and potentially most uninhabitable bodies of water, experts say. According to the Ministry of Climate Change and Environment, 96 per cent of domestic consumption of water – from drinking water to showers – comes from one of the 70 desalination plants located […]
Submitted by Brandon Smith via Alt-Market.com, As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
It’s here! Snap — which confidentially filed for its IPO late last year — has released its public filing through the Securities and Exchange Commission. This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting our first glimpse at the financial guts of the company. Snapchat has gone from a zeitgeist-y app among a younger audience to […]
KINSHASA The death on Wednesday of Congo’s opposition leader Etienne Tshisekedi leaves opponents of President Joseph Kabila seriously weakened in their bid to force Kabila to quit power after he defied constitutional term limits to stay on last year. Democratic Republic of Congo has never experienced a peaceful transition of power and Kabila’s refusal to stand down when his final term expired in December has raised fears […]
Nintendo wants the Switch to be the first thing you reach out when you wake up in the morning and the very thing you hold on to for rest of your day. Its Super Bowl ad has made the case for it while promoting The Legend of Zelda: Breath of the Wild in the process. Why Switch The 30-second clip will not claim any award, and it certainly […]
Image: Rick Rycroft/AP/REX/Shutterstock/@JohnJohnsonson By Ariel Bogle2017-02-02 06:27:02 UTC Telstra probably hoped the hashtag #TelstraOutage would be left behind in 2016. Sorry honey, no such luck. On Thursday afternoon, Australia’s largest phone network went down for some users following a fire at a Chatswood exchange, which impacted mobile and fixed services. While the outage was genuinely disruptive, many could not resist making the joke of the day. And […]
Authored by Paul Craig Roberts, President Trump says he wants the US to have better relations with Russia and to halt military operations against Muslim countries. But he is being undermined by the Pentagon. The commander of US forces in Europe, General Ben Hodges, has lined up tanks on Poland’s border with Russia and fired salvos that the general says are a message to Russia, not a […]
According to a transcript obtained by AP of the phone call which took place on Friday morning between President Trump and his Mexican counterpart, Enrique Pena Nieto, and which was intended to patch things up between the new president and his Mexican peer a day after Pena Nieto called off his visit to the US, Trump threatened to send U.S. troops to stop “bad hombres down there” […]
Submitted by Charles Hugh-Smith via OfTwoMinds blog, We cannot advance until we dump the Technocrat Class and decentralize the power that the Liberal Establishment happily concentrated into the hands of corporate cartels and the central state. Those who don’t yet understand our centrally-planned cartel-state system will benefit from reading How Democrats Killed Their Populist Soul (The Atlantic). I’ve presented related analyses in three recent essays: The Protected, […]
After yesterday US officials reported that Iran conducted a nuclear ballistic missile test on Sunday, which some claimed would be another violation of the UN resolution and Obama’s nuclear deal, on Wednesday Iran’s defense minister admitted that the Islamic Republic had indeed tested a new missile, but added the test did not breach Tehran’s nuclear accord with world powers or a U.N. Security Council resolution endorsing the […]
Submitted by John Whitehead via The Rutherford Institute, “We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.” -Ayn Rand The torch has been passed to a new president. All of […]
BD 1.2 million (US$3.2 million) net profit for the three months ending 31 December, 2016 BD 4.3 million 2016 profit as customer base nears one million milestone BD 1.2 million (US$3.2 million) net profit for the three months ending 31 December, 2016 Manama – 31 January, 2016 Zain Bahrain (Ticker: ZAINBH), a telecom innovator focused on enhancing customer experience, reported a 22% surge in its customer […]
Apple has reportedly sold more iPhone 7 Plus models than the iPhone 7 during the 2016 December quarter. The company is expected to release its financial results for the fourth quarter soon and analysts estimate that the company has managed to sell 78 million iPhones in the December quarter. This is a 4 percent increase in sales, when compared to the same period in 2015. The trend is an unusual […]
India is looking at a radical idea for reducing poverty: free money for everyone—no strings attached. The Ministry of Finance’s annual survey of the economy, released Tuesday, explores how the country might replace its various welfare programs with a universal basic income, or a uniform stipend paid to every adult and child, poor or rich. Guaranteeing all citizens enough income to cover their basic needs would promote […]
