Currency United States Dollar (USD) The United States of America[1] is a federal and constitutional republic[2] of fifty states, a capitol district, and fifteen territories. It is a prosperous and relatively conservative and Christian nation, based on the second longest-running Constitution in ...
the poor and less educated are not. The gap between rich and poor today is also a gap in cultural norms and mores to a degree unparalleled in our modern experience. The overall divorce rate, for example, exploded in the 1970s, but has since returned to just about its 1960 ...
Government debt is now $34 Trillion, a number that we cannot afford. Debt service is now rising at a rate that it will soon overwhelm the budget, which is why the big fights in Congress. We are rapidly reaching the break point which will show up when the primary dealers find it too h...
India's corporate finance India's corporate governance India's corruption India's cricket India's crimes India's culture India's currency history India's Democracy India's Diplomacy India's Economic History India's Economy India's education India's Election Commission India's ...
- If you need to change currency, work out how much you need and do the calculations at the current exchange rate before you arrive. You will have a number in your head for reference to make sure you don’t get ripped off by fast-talking changers with dodgy calculators. - Pack your ...
The U.S. created the “free world,” but Russia did not create a “Communist world.” Globalization today is in fact “Anglobalization” (Anglo globalization): It uses English as the means of communication and the dollar as the international currency, and the information network is controlled...
Moody's Investors Service on Wednesday downgraded China's long-term local currency and foreign currency issuer ratings from Aa3 to A1 but changed the outlook from "negative" to "stable," a move experts said showed apparent miscalculations. China dismisses Moody's downgrade as "inappropriate" Chi...
The idea that the environment shapes culture or character does have cultural currency. Over a century ago, the historian Frederick Jackson Turner theorized that the American frontier experience had been instrumental in forming the rugged, independent, and democratic national character. Wilderness, independ...
(post WWII) industrial era, a trend that is likely to persist going forward. Historically, America was able to mitigate the effects associated with increasing domestic NNR scarcity through fiscal profligacy27— i.e., by procuring imported NNRs with fiat currency and borrowed money — a trend ...
As the chart below shows, Mexico’s Real Effective Exchange Rate was at historically low levels in 2019, and it remains competitive today. Over the past 20 years the peso has been managed like an Asian currency, for stability and export competitiveness. The Brazilian REER, shown for contrast,...