How Is Saudi Arabia Affecting Russia’s oil?
Quora Questions are part of a partnership between Newsweek and Quora, through which we’ll be posting relevant and interesting answers from Quora contributors throughout the week. Read more about the partnership here. Answer from Richard Muller, Prof Physics, UC Berkeley,…
Matthews Asia: Beginning Of The End – To China Bank Woes
The rise and development of China’s financial system has been different from most other emerging economies. One unique aspect has been the rapid accumulation of bank deposits over the last 10 years. Another more controversial aspect has been the corresponding…
‘The Big Short’ deserves an Oscar for telling the truth
WASHINGTON, February 9, 2016 – Having managed, rather belatedly, to head for the local cinema to see Paramount’s late 2015 sneak hit, “The Big Short,” this critic feels compelled to observe that if there’s any justice in La-La Land, this…
‘The Big Short’ deserves an Oscar for telling the truth
WASHINGTON, February 9, 2016 – Having managed, rather belatedly, to head for the local cinema to see Paramount’s late 2015 sneak hit, “The Big Short,” this critic feels compelled to observe that if there’s any justice in La-La Land, this…
San Bernardino Officials Could Have Cracked iPhone
The work-issued iPhone of San Bernardino gunman Syed Rizwan Farook, which is at the center of a dispute between Apple and the FBI, could have easily been unlocked with mobile device management (MDM) software. Not only were San Bernardino officials…
Stock Market 2016: These Three Things Suggest Bigger Losses Ahead
Powered by Max Banner Ads Stock Market 2016: These Three Things Suggest Bigger Losses Ahead Stock Market 2016 The stock market has three major factors working against it here in early 2016. Corporate revenue and earnings are contracting, the smart…
Fannie Mae at risk of needing a bailout
Powered by Max Banner Ads Fannie Mae at risk of needing a bailout Fannie Mae ( OTCQB:FNMA) is at risk of needing a government bailout that could shake up confidence in the housing finance market, FT reports. Because the government…
Canadians cut back on spending as prices rise
Retail sales in December fell the most since 2008 in real terms while prices for goods saw a price spike in January as economists say signs are emerging that higher prices are biting into Canadian real incomes. Statistics Canada said…
Uber is Losing Billions in China, CEO Admits
The chief executive of Uber has admitted that the company is losing more than $1 billion per year in China due to local competition, Canadian tech site Betakit reported. The ride-sharing app launched in China in 2014 but faces stiff…
‘Inequality in Korea higher than in crisis economies’
Social inequality in Korea is higher than in countries that experienced systemic changes or economic crises, a researcher said. Kim Tae-wan, a fellow at the Korea Institute for Health and Social Affairs, said so in his paper titled “Analysis of…