In a move to prevent its teetering economy from falling into bankruptcy, Iceland ceased all trading on its stock exchange until Monday, and took over Kaupthing, the country’s largest bank. Awash in Red On Thursday, Kaupthing, Iceland’s largest bank, became the third of the country’s top three banks to be taken over by Iceland’s Financial […]
Death’s Niche in the Democratic Republic of Congo
The Democratic Republic of Congo (DRC) is a country about the size of western Europe that can boast abundant natural resources including lavish gemstones and precious metals. Despite its apparent size and natural wealth, the country has an "acute lack of medical care" (Doyle, 8/2008). According to the International Rescue Committee (IRC) there have been […]
Lifeline For Consumers in Namibia
The Bank of Namibia has kept the bank rate unchanged at 10.5 per cent for the third time this year, providing welcome relief to consumers in the face of rising inflation. The announcement will see commercial banks once again keep the prime lendin g rate stable. Paul Hartmann, the bank’s deputy governor, said it is […]
The Reserve Bank Of India increased Repo rate and CRR.
With the rise of inflation rate to an all time high of 11.05 % in India, both the Central Government and the RBI have been blamed for not taking timely action to prevent the rise of inflation rate. In the wake of criticism, RBI is now making frantic attempts to curb inflation and have it […]
Stocks Gain On Wall Street In Morning Trading Wednesday, Ending 4-Day Slump
On open, Wall Street climbed despite a host of uncertainties: weak jobs data and a spike in oil prices, reports the Wall Street Journal. According to published reports, OPEC, hitherto the Organization of Petroleum Exporting Countries, rejected calls to spike production – by Pres. George Bush. He commented that OPEC should allow its biggest customer’s […]
It’s Ten Years Since Ecological Economics First Saw The Limelight – What’s Happened Since?
It’s been ten years since the US ecologic economics expert Robert Constanza shocked the world by slapping a monetary value on the earth’s natural resources. Now, a decade later, has the science come of age? When Constanza estimated air, minerals, water and soil at a combined value of USD33 trillion in 1997, he triggered a […]