Tuesday, 15 July 2014 The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of US based… Read More ›
World Bank
Will the IMF headquarters move to Beijing?
(People’s Daily Online) 09:19, June 17, 2014 The International Monetary Fund’s headquarters may one day move from Washington to Beijing, aligning with China’s growing influence in the world economy, the fund’s managing director Christine Lagarde said early this month. Attaching… Read More ›
Global poverty could be up to a third higher than reported
Public Release: 10-Apr-2014 With over one billion people in the world living on less than $1.25 per day, the World Bank aims to end ‘extreme poverty’ by 2030. But new research suggests that global poverty figures could be underestimated by… Read More ›
Luxury fashion CEO says normal Americans shouldn’t whine about being poor because they would be rich in India or China
EEV Solution: Ostracise anyone wearing Nicole Miller, until Bud Konheim is rich just like the other 99%. Bud Konheim is boss of Nicole Miller which sells $800 sequined dresses Says U.S poverty level is wealthy in 99% of countries around the… Read More ›
Chinese state media: Xinhua says ‘new world order should be put in place’ where all nations can have interests respected on equal footing
Chinese state media calls for ‘de-Americanised’ world after US shutdown Xinhua says ‘new world order should be put in place’ where all nations can have interests respected on equal footing Sunday, 13 October, 2013, 1:59pm Agence France-Presse in… Read More ›
Top China delegate pulls out of IMF meet amid islands row
By Lesley WroughtonPosted 2012/10/09 at 11:13 pm EDT TOKYO, Oct. 9, 2012 (Reuters) — The International Monetary Fund said on Wednesday that China’s central bank governor will not lead the Chinese delegation at the IMF’s semi-annual meeting this week, in… Read More ›
Oxfam: Land snapped up by corporations could have fed nearly 1 billion
By John Vidal, The Guardian Thursday, October 4, 2012 9:54 EDT International land investors and biofuel producers have taken over land around the world that could feed nearly 1bn people. Analysis by Oxfam of several thousand land deals completed in… Read More ›
Several major Chinese banks have canceled participation in the annual meetings of the IMF and World Bank to be held in Tokyo next week
China banks pull out IMF Tokyo meet amid island row: WSJ Posted 2012/10/02 at 10:37 pm EDT TOKYO, Oct. 2, 2012 (Reuters) — Several major Chinese banks have canceled participation in the annual meetings of the IMF and World Bank… Read More ›
Economist Richard Duncan: Civilization May Not Survive ‘Death Spiral’
Money Morning By Terry Weiss, Money Morning Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says America’s $16 trillion federal debt has escalated into a “death spiral, “as he told CNBC. And it could… Read More ›
The era of cheap food may be over
By Larry Elliott, The Guardian Sunday, September 2, 2012 12:01 EDT The last decade saw the end of cheap oil, the magic growth ingredient for the global economy after the second world war. This summer’s increase in maize, wheat and… Read More ›
Engineering Evil 