If Christine Lagarde – who was yesterday put on the shortlist to head the International Monetary Fund – succeeds, she will be “the first woman to head the global emergency lender.” She has a pretty good chance too, in the way she has been handling the world economic crisis until now. Once Dominique Strauss-Kahn handed… Continue Reading
World Bank economist Andrew Burns commented on America’s recent weak economic data, noting a significant slowing down of US economic growth. However he said that it was unlikely that the US would experience a “double-dip recession.” In terms of Europe, the recovery is somewhat stalling also vis-à-vis various crises in different areas, most notably Ireland… Continue Reading
Ofer Hi-Tech is a subsidiary of the Ofer Group. It was established in 1997. The Ofer Group, founded by Sammy Ofer , is now run by the Ofer brothers, Eyal and Idan. Sammy Ofer began the Group as a shipping company, and later expanded into the hi-tech, media, and real estate industries. Ofer Hi-tech was… Continue Reading
World Bank Revisions on Economic Growth Two days ago, the forecast for growth for the developing world was revised by the World Bank with a warning that there will be greater pressures on inflation due to the escalation in food and fuel prices. Currently, growth is down from last year’s figures so the advice by… Continue Reading
Europe Awaiting Crisis It seems that while America and much of the western world is about ready to really recover from their economic crisis, the situation is quite different for Europe which is still awaiting its own crisis. This might not spell such great news for the region. Indeed, CEO of Principal Global Investors Jim… Continue Reading
What are the current anxieties that are impacting America right now, vis-à-vis inflation? Apparently, not what one might initially think. Even though gas prices are fast expanding and have now reached nearly $4-a-gallon, it seems that America’s biggest worry is homeownership which is increasing lease prices for its 38 million renters. One way of dealing… Continue Reading
How Kate and Will’s Wedding Impacted GB’s Economy The question being asked by economists following the fanfare of the recent Royal Wedding, is, was it a good thing for the country’s finances? And, how will it impact Great Britain’s economy in the future. So let’s look at analytics and first the possible negative implications. The… Continue Reading
Euro-zone Worries There have been increased worries about the Euro-zone, yet again. This has meant that the Euro has plummeted to an all-time low against the Swiss franc of 1.24 to 1.2345 which thereafter stabilized at 1.2360. This had an impact on Asian stocks which also “boosted safe haven investments like U.S. government debt and… Continue Reading
World Trade a Winner Somewhat surprisingly, world trade in South Carolina enjoyed some really impressive results last year irrespective of what has been going on with financial recovery in other areas. A report put out by the Los Angeles County Economic Development Corp. found that the increase in trade was “so sudden,” many industry sectors… Continue Reading
Which Countries Are Participating? It seems like there are some countries with all the money and others that have none. That might not be so far from the truth; at least, until recently. Currently, there are six “emerging economies” which are likely to “account for more than half of all global growth by 2025.” These… Continue Reading