The word “Cuba” is said to be derived from the Taino language word “cubao” one of whose meanings is “where fertile land is abundant” . And it looks like there’s plenty of fertile land. And yet, we had been told often that Cuba imports 80 percent of its food. We stopped for lunch at a […]
China Cuts Reserve Requirement Ratio Again
China’s central bank moves to further ease the pain of its economic slowdown by cutting ‘RRR’. The People’s Bank of China has moved to cut the reserve requirement ratio for commercial banks as it tries to reduce the impact of the slowdown in its economy, the world’s second largest. The ratio, which is sometimes referred […]
China Replaces CSRC Head
China removes Xiao Gang as the head of the country’s securities regulator. The newly-appointed head of the China Securities Regulatory Commission (CSRC) has been charged with restoring confidence to the world’s second largest stock market after several policy gaffes by his predecessor, Xiao Gang spooked investors and exacerbated a $5 trillion rout. Liu Shiyu, an […]
Travel tales: unswallowing over the sea of China
Travel Tales Chapter One: Jet stream of consciousness Taipei welcomes me with an ice pick in the eye. It’s not a real ice pick. It’s a virtual one, which is worse since I can’t pull it out. I sit patiently and hope it will disappear as quickly as it appeared. I am in a transit […]
A Slow Motion Striptease In France
Slow Motion Striptease In France La Trés Grande Affaire Cahuzac Iddhis Bing special to groundreport “What bothers me is that I still have an account open with UBS… The only way to close it is to go there? With an account open there I’m fucked, since UBS is not necessarily the most hidden […]
Hillary Clinton in Africa: Safari or Policy driven Trip?
If you have not heard, Hillary Clinton, United States Secretary of States was in Senegal on her official 11-day African trip that will take her to Uganda, South Sudan, Kenya, Malawi, South Africa, Ghana and maybe Nigeria. In capital city of Dakar she addressed Senegalese policy makers, scholars, politicians and bureaucrats at University of Cheikh […]
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