Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word “derivatives” to most Americans, they have no idea what you are talking about. In fact, even most members of the U.S. Congress don’t really seem to understand them. But you don’t have to get into all the technicalities to understand the bigger picture.
In 2010, the Russian economy will grow by 4.25%, after falling 7.9% last year. This forecast was made yesterday by the International Monetary Fund. (more…)
*Survey reveals urban Chinese households maintain high saving rates and are unwilling to utilize credit*
COLUMBIA, Mo. — The Chinese government has made several reforms to its economic policies in recent years. Despite these reforms, a new study shows that Chinese households are not utilizing their credit market to its fullest extent. Rui Yao, a researcher in the department of Personal Financial Planning in the College of Human Environmental Sciences at the University of Missouri, says a recent survey of urban Chinese households shows that the Chinese credit market remains underdeveloped.
*Using a flood simulator, MU researchers reveal cottonwood trees as a profitable crop in devastated flood areas*
COLUMBIA, Mo. –When the Missouri River flooded in 1993 and 1995, it left a deep layer of sandy silt that covered thousands of acres of rich farmland. Now, MU forestry researchers may have found a crop that can survive a flood and act as a sustainable source of biomass.
Most people have no idea what rare earth elements are, but a wide array of the technologies that we use every single day are dependent on them. (more…)
Unless the U.S. Congress acts, there is going to be a massive wave of tax increases in 2011. In fact, some are already calling 2011 the year of the tax increase. A whole host of tax cuts that Congress established between 2001 and 2003 are set to expire in January unless Congress chooses to renew them. But with Democrats firmly in control of both houses that appears to be extremely unlikely.
Services backlog of $129 billion, up $1 billion, adjusting for currency.
IBM (NYSE: IBM) today announced second-quarter 2010 diluted earnings of $2.61 per share compared with diluted earnings of $2.32 per share in the second quarter of 2009, an increase of 13 percent.
While the BP Deepwater Horizon well spits tens of thousands of barrels of oil offshore on the Gulf of Mexico, an environmental disaster of proportions never before imagined, a beautiful new kind of bird flies silently in the skies on its first test flight.
