Why did the banks in the USA collapse over a weekend in 2008, when they had the Basel II credit risk systems in place? How do department stores management their own credit cards? Do they have a deal with a bank? How do they get Visa on their cards?
Why did Communist China change economic policies in the late 1970s? Why did the USSR collapse in 1991? What has been the impact on these shifts for political and economic policies around the world? Why do ultra-wealthy people rarely share their wealth with their friends?
(USD) for many years, owing both to historical convention and the Bank of England’s willingness to intervene in times of crisis to defend the pound. The resignation of Kwasi Kwarteng as Chancellor of the Exchequer and the subsequent collapse of the Liz Truss government seem to be acting as...
Why Did the International Community Impose Sanctions on Russia in 2022? Economic sanctions were placed on Russia in response to the country's invasion of Ukraine in 2022. Many countries froze Russia's central bank assets and banned imports of goods, including oil and gas, diamonds, and other n...
If any other country had racked up debt at the rate of $1 trillion per year, as the United States did in 2004 (adding together its national debt and trade deficit), its currency would collapse, because no one wants to hold a sinking asset. But the status of the U.S. dollar provides...
(2) The mutual hatred is so great that if we did not maintain a balance of power, there are Arab factions that would prefer to drive all Israel into the sea. And right wing Israelis that would drive all of the Palestinians onto the east bank of the Jordan. For better or worse TV im...
And finally, in 1933, so did America. The failure of Credit-Anstalt is what really kicked off the Great Depression. The real story, of course, is not Credit-Anstalt’s collapse. It’s what let up to its collapse. Today, with the Federal Reserve having first compelled banks to stretch ...
can all hit the ball a mile, but they can't get anybody out. Power has its limits. They are wasting Sachin's brilliance. The noise dies down. The stadium is still. People look into themselves. The team is a proxy for the nation, so what does an Indian collapse tell them about ...
And one week before this council meeting, a citizens' initiative against wind energy appeared (…) who did good a good job with public relations and has worked with fear. This unsettled the council so much that it said, no, let's not do this right now.” (Interview 1) Given that ...
Politicians will get away with contributing to the collapse of this care, for as long as they can keep people arguing among themselves about how much these unvaccinated workers are to blame… Homes nearly double in value so officials demand a new tax that allows them to seize a major portion...