Instability is the greatest threat to economic development “Once you let the genie out of the bottle, you never get it back in.,” and this is the conundrum President Hosni Mubarak is facing at the moment as unrest claims Egyptian landscape. The ongoing uprising has both immediate political and economic implications for Egypt and its […]
NAIPAUL’S PIO STATUS BELITTLING INDIA
NAIPAUL’S PIO STATUS: BELITTLING INDIA Naipaul is once again in the news – this time for wrong reasons of his own; he wants PIO card from Indian government without any proof of being person of Indian origin. The government has asked the High Commission in UK for a status report after it was discovered […]
Will Dollar Rebound and Appreciate?
By Emeka Chiakwelu strategist@afripol.org The bearish development of dollar the world primary and dominant reserve currency is something of a great concern. “The dollar slumped to a postwar low of 80.63 yen in April 1995, only to rally 26 percent in the following two years. The Dollar Index reached a 10-year low in […]
Dead Aid Book Could Invigorate Africa
Dambisa Moyo’s book Dead Aid: Why Aid Is Not Working And How There Is A Better Way For Africa, contends that development aid from the West to Africa not only has not worked but is detrimental to the Africans. See www.dambisamoyo.com. An economist turned banker, the Zambian native marshals considerable evidence for this thesis. She […]
Economic meltdown: Crucial tips for financial survival
For once, both optimists and pessimists are agreed that 2009 would probably be one of the most challenging times in living history for most people. In the face of the confusion and questions, financial experts have been proffering solutions. In this piece, the Managing Director of Camry Securities Limited, a leading capital market operator, Mr. […]
Wall Street Is Its Own Worst Enemy
Wall Street Is Its Own Worst Enemy U.S. stocks mustered a gain in the closing minutes of Friday’s session, but it was difficult to drum up much to cheer about. The morning’s monthly jobs report from the U.S. government portrayed a bleak labor market, and worries over the future of General Motors and America’s major […]
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