Monday, February 9, 2015
“A little knowledge is a dangerous thing.” It's a misquotation of Alexander Pope, who wrote “A little learning is a dangerous thing” in his “Essay on Criticism.”
> Joe Hung
Germany and France have been able to borrow at negative rates for some time, meaning investors are paying to loan Berlin and Paris money, but with interest rates falling further as the ECB gears up to launch quantitative easing, multinationals are also now getting paid to borrow.
A feud between Indonesia's law enforcement and its corruption watchdog over the nomination of a police chief has escalated into a full-blown crisis for Joko Widodo, testing the new president's pledge to usher in cleaner governance.
The job market remains a frustrating place for America's 9 million unemployed — perhaps more so as hiring has accelerated along with job postings.
Sunday, February 8, 2015
Events occasionally occur in life in ways that all but disarm us. Matters seemingly quite small, even trivial, enter our consciousness, and leave only faint impressions. Then, unexpectedly, whole worlds of meaning come spinning our way.
Yesterday, I took an Implicit Association Test (IAT) and the result showed that I had a slight automatic preference for European American compared to African American. (Interesting; this means I prefer Paris Hilton to Kim Kardashian.)
“I am shocked, shocked to find ... gambling ...” This famous line of the cynical Captain Renault to night club manager Rick in the film classic “Casablanca” comes to mind in reflecting on the practices of American credit rating agencies.
Whoever wins Nigeria's Feb. 14 election will take charge of an economy battered by falling oil prices, leaving the new administration with fewer options to tackle the twin crises of poverty and unemployment, analysts said.
Saturday, February 7, 2015
There's been a disturbing decline in global freedoms over the past year with a clear erosion of political rights for the ninth consecutive year. These are among the dire findings of the Freedom House report which rates rights and freedoms in 195 countries around the world.
In blocking their last relatively normal route of financing, the European Central Bank (ECB) has further weakened Greek banks which have for years been operating on life support, experts said Thursday.