Greek Economy: A Caterpillar Becomes a Butterfly

News Analysis: Much as a Caterpillar devours some of itself to morph into a Butterfly, Greece did the same. The pain its citizens experienced was the worst since World War II. The underlying problem, if one studies historical events for Greece, was “The Marshall Plan”. The largesse of the program removed the incentive to self-rely … Read more

They Do Not Spank Those Who Manage the Banks: Reality vs. Rhetoric

News Analysis:  The banking industry has too much power to have  concern about personal incarceration for purposive illegalities committed by Senior Managers. Since government fines against a bank are typically tax deductible against bank earnings, fines mean little. If one adds in the thought that banks are too important to countries fiscally, banks ‘win’.  Added to … Read more

Iraq Gains Large Scale Benefits in Its Commercial Partnership with China

News Analysis: Having the fifth-largest oil reserves in the world and wanting to increase its production to three million barrels of oil a day puts Iraq in a very nice position in the oil industry. Since fuel hungry nations need oil, Iraq, with its great reserves, can choose to do business with whom it wants. In this … Read more

World Bank Increases Ranking of Philippines for Ease of Doing Business

News Analysis:  Minimizing unproductive regulations regarding  establishing a business in the Philippines, as well other impediments to commerce, will help them continue in a favorable direction. Investors need to hear about the government’s intention to promote business growth.  The resourceful and hard-working people of the country are its greatest asset.  Natural resources of the islands are another good … Read more

International Monetary Fund Predicts Good Growth for Sub-Saharan Africa

News Analysis: The region should have increased investments from other countries due to the abundance of needed natural resources it contains. South Africa, in particular, always a leader on the continent, although more expensive than neighboring countries, will prosper. Mineral wealth, a capable work force, along with people imbued with national pride, will push South  Africa … Read more

188 Countries in United Nations Voted that United States Cease Its Cuba Embargo

News Analysis:  A fifty-three year embargo evidences an archaic view of good international relations of a Super Power to its neighbor.  Cuba, purportedly sitting on top of an enormous gas/oil deposit [of which certain Americans knew about before Fidel Castro’s  rise to power] could decide to open up its territory to oil exploration. If so, … Read more

China Construction Bank Opens Its European Headquarters in Luxembourg

News Analysis:  A goal of omnipresent use of the Chinese Yuan [Renminbi] , throughout the international banking community, will be facilitated by such bank openings. An increase in Yuan bank deposits in a multitude of countries will assist this process. Present U.S. Dollar denominated banking will subside over the years as the profligate spending by … Read more

China and Cyprus Sign Antiquities Accord

News Analysis:  The damage to or removal of antiquities from a country should result in severe and swift punishment to the wrongdoers. The economic gain to the seller [thief] and satisfaction of the buyer should be much less compared to the punishment meted out after being arrested. Certainty of apprehension along with the secondary element … Read more

Qantas Airline’s Ticket Payment Innovation Benefits Its Customers

News Analysis: Innovative thinking by airlines such as Qantas can produce additional customers for them to serve. The new ticket payment process offered by Qantas is laudable. Airline executives should realize: “Loyalty is a Two-way Street.” One must give it in order to receive it from customers. All too often, in order to satisfy shareholders, … Read more

Northern Territory, Australia May Become a Thoroughfare to Asia

News Analysis:  Entrepreneurs throughout the world should consider the close proximity of Northern Territory [NT] to over 2,000,000,000 people to its north. If one considers the possibility of mining various minerals in NT as well as developing manufacturing to serve the aforementioned neighboring masses [China, India,  Indonesia, Japan, Malaysia, Vietnam,  etc.], opportunities abound. The  “Hard … Read more