"Déjà Vu All Over Again." This is the best way I can sum up what is percolating on the beautiful country of Malawi. Remember Africa of 1980s and 90s, when International Monetary Fund (IMF) inundated many cash strapped countries with austerity measures before granting credit lines to them; this is exactly what Malawi is experiencing […]
Nigeria: Strong Foreign Reserve for Currency Stabilization
“Nigeria’s Foreign Reserve at $47 Billion. A Strong foreign reserve is good economics.” – AFRIPOL Beyond its cosmetics largess and intimidating attribute, strong foreign reserve plays a fundamental role in the stabilization of a nation’s currency. In case of Nigeria, the country’s currency which is naira must be stabilized for a […]
Sanusi’s CBN and Naira devaluation
CBN and Naira devaluation: Public Good, Double Talk and Contradictory Policy. It is beginning to look that Sanusi Lamido Sanusi, the executive governor of Central Bank of Nigeria (CBN) is stepping into a pathway of perplexing contradictions. At the time that International Monetary Fund (IMF) recommended for Nigeria to devalue naira, Sanusi was insisting that […]
Brain Injuries Remain Undiagnosed in Thousands of Soldiers
William Fraas during occupational therapy at Mentis Neuro Rehabilitation Center in El Paso, Texas. Fraas survived several roadside blasts in Iraq, but suffered brain damage. (Blake Gordon/Aurora Photos) WASHINGTON, D.C.–The military medical system is failing to diagnose brain injuries in troops who served in Iraq and Afghanistan, many of whom receive little or no […]
Cabot Oil & Gas’s Marcellus Drilling to Slow After PA Environment Officials Order Wells Closed
by Abrahm Lustgarten In its 2009 annual report, Cabot Oil and Gas named a field in Texas and another in Dimock, Pa., as its two largest fields of production. But yesterday the Pennsylvania Department of Environmental Protection ordered Cabot to plug at least three of its gas wells in Dimock and pay hefty fines […]
SEC Just Now Seeking Key Information On Meltdown
Almost three years since banks started taking losses that led to the worst financial crisis since the Great Depression, the Securities and Exchange Commission is still asking basic questions about what happened. Were you there? If you were involved in the CDO business during the end days of the boom, please contact us. (917) 512-0258 […]