Browsed by
Miesiąc: kwiecień 2011

Dollar under pressure as Bernanke speaks

Dollar under pressure as Bernanke speaks

The dollar remained weak against its main trading partners Wednesday, after the Federal Reserve issued an unsurprising policy statement and Fed chair Ben Bernanke offered little salve for inflation jitters.

Lessons from Japan’s surviving buildings

Lessons from Japan’s surviving buildings

As you drive west to east, close to the shoreline in what was the little beach town of Arahama, south of Sendai, Japan, you pass acre after acre of houses and stores and trees flattened by the otherworldly power of the tsunami that struck on March 11. These days, the massive clean-up job continues apace. Roads have been cleared and the cars and trucks and boats that were tossed like Tonka toys are finally being readied for the junkyards.

Global crises? Don’t panic

Global crises? Don’t panic

It is a truth universally acknowledged that when natural calamities or geopolitical shocks happen, markets go into a tizzy and everyone rushes for safe havens. Then braver souls pour scorn on the wusses who are heading for the exits and buy on the dip, insisting that historic events such as 9/11 and Hurricane Katrina are barely noticeable in the grand progress of economic history.

Corruption: Biggest threat to developing economies

Corruption: Biggest threat to developing economies

„We’re thinking of pulling out of Brazil,” the CEO of a large American corporation told me a week ago. The company has been operating there for a few years, doing several million dollars of business. The problem? A series of court judgments so inexplicable, and so crushingly expensive, that the CEO doubts his ability to manage the business. He doesn’t see how the rulings can be honest — even former President Luiz Lula da Silva called Brazil’s judiciary a „black…

Read More Read More

Gold tops $1,500 for first time

Gold tops $1,500 for first time

Gold prices topped a record $1,500 for the first time ever on Tuesday, shattering an important psychological barrier as investors seek out investments thought to be safe during times of upheaval.