Minimum Wage Law Only Increases the Gap Between the Haves and the Have Nots

By raising the minimum wage to $7.25 proponents believe that the working poor will reap greater economic benefit. Yet, these individuals fail to understand the simple difference between having something and not having something.

China is buying Goods Made in the U.S.A. – Scrap Paper

Scrap Paper and several other categories of products are on the positive side of the ledger for exports to China. Who would have dreamed that China would use our scrap paper to create other goods?

Dr. Ian Bremmer Speaks to the Chicago Council on Global Affairs at the Chicago Club

Dr. Ian Bremmer address the Chicago Council on Global Affairs speaking on the rise and fall of govenments. Dr. Bremmer highlights points in his new book on current global economic political issues world wide that effect the making and breaking of governments.

Citgo? Really? Hugo Chavez, US Relations with Venezuela, and Oil Prices

Many Americans are calling for boycott of Citgo products lately. Why? The fact that Citgo is 100% owned by ...

Common Currency Issues and Counterfeiting Discussed

There are huge issues today in the world with the counterfeiting of common US Currency and the problem is huge and we have seen our enemies using counterfeited currency as well as trading partners considered our friends.

Trade Deficits with China and the Balance of Money Flows

There are trade deficits that are mounting in China and there are issues to be addressed in that arena. But all this in China is a planned event and you have competing money interests of Entrepreneurial Capitalists looking to manipulate US politics too. The game is being played at multiple levels here. Everyone needs to get what they want or it is a power struggle to take it and they will if they have too.

IMF to Restrain and Reform Beijing's Developing Power

The progressive economic impact of China is obvious in the yearly conferences of the World Bank and the International Monetary Fund (IMF), held in Singapore. The said Asian country, along with other nations, will be granted with more votes by the member nations of the said global trade organization.

European Banking Industry: How Different Are European Banks From U.S. Banks?

In recent years, it seems as though the European banking industry has gone through a collective boom. However, it is still unclear as to whether or not this boom will have positive or negative affects on the actual people of Europe and their banking.

The Future Economic Implosion of Venezuela Predicted by Futurist

One futurist in the United States is very closely watching Venezuela make mistakes and predicts the complete collapse and economic implosion of the Communist Nation State of Venezuela. But how could that happen, as Venezuela is rich in oil you ask? Well easily really, you see Venezuela has a state run oil

Trade Agreements and Its Impact on the Indian Economy

INTRODUCTION: India is a democratic and political country with a well streamlined administrative structure, and an already existing mixed economy, with a rich experience of private sector operations. Also available in India is a vast stock of skilled manpower and entrepreneurial class, a reasonably good basic infrastructure and a good track record of fulfilling past international obligations. The present bout of economic reforms in India started in the eighties, mark both a continuity and a break with India's post-independence development strategy. India's strategy for development was largely influenced by:

Impact on Economy of September 11th

On September 11th 2001 a horrible tragedy happened, two aeroplanes were hijacked by terrorists and crushed into the towers of the World Trade Centre in New York. The buildings collapsed and thousands of citizens were awfully killed. This horrible tragedy had a great not only moral impact on the whole world but also brought consequences in different spheres of human life and activities. These terrifying events will never be forgotten and the consequences will be noticeable over years. Additional to the tragic loss of life, economic consequences were felt by the micro-economy of Lower Manhattan New York, the US economy, and the global economy as a whole.

India and South Africa Urge Richer Countries to Improve Their Offer in Global Trade Talks

India and South Africa have recently called for the wealthier nations to offer further cuts in their farm subsidies in order to help revive the global trade negotiations. Both the Indian Prime Minister Manmohan Singh and South African President Thabo Mbeki said that the suspension of the Doha Development Round of trade talks was not only disappointing, but it also resulted to serious setbacks on the part of the developing nations.

The Causes of Recessions

Looking at the causes of recessions from both a theoretical and practical point of view. Focusing on the UK economy.