The UK, EU and Brexit: Who wins and who loses?
The UK has been threatening to leave the European Union for some time, but with Britain preparing for a referendum on EU membership next year, a British exit from the EU, or Brexit, is becoming a real possibility. Prime Minister…
Won plunges despite intervention
South Korea’s financial authorities pledged Friday to take every measure to prevent the won from fluctuating further against the dollar and other major currencies. “The won-dollar exchange rate has been fluctuating too widely recently,” the central bank said in a…
Firefox Voices Support For Apple, Launches Advocacy Campaign For Encryption
Mozilla and Firefox Executive Director Mark Surman have come out in support of Tim Cook’s and Apple’s resistance to complying with the recent legal order to unlock an iPhone recovered during the FBI investigation surrounding the San Bernardino shooting in…
Apple’s fight with the FBI could have reverberations worldwide
It’s a battle that on its face appears to pit one of the biggest tech companies in the U.S. against the country’s most powerful law enforcement agency. But the outcome of Apple’s standoff with the federal government over encryption could…
Big banks shattered by 2008 economic crisis
Last four decades have witnessed the fastest growth of the global financial market. The finance industry all over the world has gone through rapid expansion during this period. Worldwide monetary network, connectivity, service/product diversity and investment structure have been established….
Big banks see the need to shrink – but face a path full of obstacles
Powered by Max Banner Ads Big banks see the need to shrink – but face a path full of obstacles When the U.S. Federal Reserve’s newest policymaker Neel Kashkari dropped a bombshell with a call to break up big banks…
A Babel of opinions lead markets down as Feb. options expire
WASHINGTON, February 19, 2016 – Thursday’s “wilting violet” market action has extended into Friday, where anemic and worried trading has put a negative cast on the widely followed major averages, although the NASDAQ has been trying to stay in the…
Donald Trump Calls For Apple Boycott
Donald Trump called for a boycott of Apple Friday after the company refused to decrypt an iPhone for the FBI. The Republican front-runner said that Apple should be boycotted until it complies with the California court order asking the company…
Bank Bailout Architect Echoes Liberals on Reining in ‘Too Big to Fail’
Bank Bailout Architect Echoes Liberals on Reining in ‘Too Big to Fail’ Bernie Sanders and Elizabeth Warren usually get the most attention in the ongoing debate over reining-in Wall Street, but this week the two liberal firebrands shared the spotlight…
Election 2016 is more than Sanders, Clinton, Trump, Rubio, or Cruz
Election 2016 There was a time in America when there was an American dream. To the vast majority of Americans that American dream is dead. Yes, for the top .1% life is heavenly. For the top 1% life is the…