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Don't Worry America: You Aren't Poorer Than China
No One Is Mourning the Death of Bitcoin Giant Mt. Gox
The No-Longer-So-Secret Swiss Bank Account
Did An Accused War Criminal Just Show How To Get Off The Treasury Department’s Blacklist?
How Syria did -- and Did Not -- Hang over the Davos Conference
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Don't Worry America: You Aren't Poorer Than China
On Wednesday, the front page of the Financial Times declared that China stands poised to surpass the United States as the world's largest economy -- and to do so much sooner than anyone expected. Citing new data from a consortium of leading statistical...
Published
Wed, Apr 04 2014 3:58 PM
by
FP Passport
Filed under:
North America
,
East Asia
,
China
,
Economics
,
Finance
No One Is Mourning the Death of Bitcoin Giant Mt. Gox
Since peaking at more than $1,100 in late November, Bitcoin's trading value has fallen by half . On Wednesday, a Japanese court delivered a death blow to Mt. Gox, once the world's largest Bitcoin exchange, which had collapsed after hackers stole...
Published
Thu, Apr 04 2014 4:40 PM
by
FP Passport
Filed under:
Finance
The No-Longer-So-Secret Swiss Bank Account
Bankers from Credit Suisse, one of the world's largest financial institutions, courted wealthy Americans in airports, at family weddings and on golf courses from Florida to the Bahamas with a simple pitch: We'll help you hide your money. The bankers...
Published
Wed, Feb 02 2014 1:41 PM
by
FP Passport
Filed under:
Europe
,
Law
,
Politics
,
U.S. Congress
,
Finance
,
Business
Did An Accused War Criminal Just Show How To Get Off The Treasury Department’s Blacklist?
The Treasury Department quietly removed a former Croatian general from its sanctions blacklist after the accused war criminal filed a lawsuit to clear his name. Ante Gotovina's success could provide a roadmap of sorts for the accused terrorists, war...
Published
Thu, Feb 02 2014 2:59 PM
by
FP Passport
Filed under:
North America
,
Diplomacy
,
United Nations
,
U.S. Foreign Policy
,
Finance
,
Business
How Syria did -- and Did Not -- Hang over the Davos Conference
DAVOS, Switzerland--A group of aid workers and former refugees took over the basement of a Davos school, spooled out fake barbed wire, put up tents and corrugated metal walls and laid down straw on the floor. Then they donned military uniforms, picked...
Published
Mon, Jan 01 2014 12:00 PM
by
FP Passport
Filed under:
Diplomacy
,
Foreign Aid
,
Finance
,
Syria
,
Arab World
,
Davos2014
Davos Wants You to Know It Really, Really Cares About Inequality
Pope Francis would like the international business mandarins assembled at Davos for the annual meetings of the World Economic Forum to know that they really ought to be doing something about economic inequality in the world. In remarks read by an emissary...
Published
Tue, Jan 01 2014 2:27 PM
by
FP Passport
Filed under:
Europe
,
Financial crisis
,
Foreign Aid
,
Development
,
Economics
,
Finance
Turkey’s Economic Enemies: Corrupt Politicians and the U.S. Fed
Turkey's economy was already in a shaky place, thanks to decisions by the U.S. Federal Reserve that could make it harder for Ankara to sell its goods and borrow cash overseas. A widening corruption scandal in Turkey could turn things from bad to worse...
Published
Fri, Dec 12 2013 3:19 PM
by
FP Passport
Filed under:
Corruption
,
Middle East
,
Economics
,
Finance
,
Business
Bitcoin Gets Smacked Down in China, The Crypto-Currency's Hotbed
Chinese investors have helped drive up the price of Bitcoin to dizzying heights. Now, the Beijing government is doing its best to drive enthusiasm for the cryto-currency back down. The Chinese central bank warned consumers about the risks of Bitcoin and...
Published
Thu, Dec 12 2013 11:14 AM
by
FP Passport
Filed under:
Science & Technology
,
Law
,
East Asia
,
China
,
Internet
,
Finance
Wall Street's Bad Old Days Could Be Back If the Banks Win this Lawsuit
It's Wall Street's latest counterstrike against Washington and its attempts to rein in the financial industry after the crisis that plunged the U.S. economy into recession in 2008. And if the legal attack is successful, it could leave an opening...
Published
Wed, Dec 12 2013 4:03 PM
by
FP Passport
Filed under:
Europe
,
North America
,
Britain
,
Law
,
Finance
,
Business
There Could Be an Iran Deal This Weekend, But Don't Expect Oil Prices to Plummet
If the West makes a deal this weekend with Iran -- one of the world's largest oil producers -- the price of crude will almost certainly fall on Monday. But after that? Don't count on it. "The assumption that a deal was coming had put some...
Published
Fri, Nov 11 2013 4:21 PM
by
FP Passport
Filed under:
Diplomacy
,
Middle East
,
Energy
,
Finance
,
Oil
,
Iran
The World's Billionaires Have Doubled Their Wealth Since 2009. Just In Case You Didn't Hate Them Already.
Recession be damned: There are more billionaires today than there were during the global financial crisis in 2008 and 2009 -- and they're twice as rich, says a new report released Wednesday. The Billionaire Census , jointly compiled by Swiss financial...
Published
Wed, Nov 11 2013 12:40 PM
by
FP Passport
Filed under:
East Asia
,
China
,
Culture
,
Economics
,
Finance
,
Business
Are Japan's Biggest Banks in Bed with the Yakuza?
The term "yakuza" may call to mind prostitution rings and low-brow thuggery, but Japan's modern day crime syndicates are all about white collar abuses -- investing in high finance and getting their hooks into the country's biggest banks...
Published
Wed, Nov 11 2013 8:35 AM
by
FP Passport
Filed under:
Corruption
,
Japan
,
East Asia
,
Finance
What Happens to the Global Economy if the U.S. Defaults? 'Not Much,' Say Some Economists
Predictions about the potential effects on the global economy of a U.S. default have verged on the apocalyptic. This weekend, World Bank President Jim Yong Kim characterized the possibility as "disastrous" for both the developing world and developed...
Published
Tue, Oct 10 2013 3:30 PM
by
FP Passport
Filed under:
North America
,
Financial crisis
,
China
,
Obama Administration
,
U.S. Congress
,
Economics
,
Finance
Obama's Fed Nominee Was Pivoting to Asia Long Before He Was
Asian markets seemed pleased by the news, which broke Tuesday evening (or Wednesday morning, Asia time) that President Obama would nominate Janet Yellen for the position of Fed chair this afternoon. Policymakers in the region, who'd been cheering...
Published
Wed, Oct 10 2013 2:00 PM
by
FP Passport
Filed under:
East Asia
,
Obama Administration
,
South Asia
,
Southeast Asia
,
Economics
,
Finance
,
Business
The Tragic Link Between Economic Crisis and Suicide
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Europe's four-year economic collapse has left an indelible scar on the continent, and the depressing data-points documenting its decline just keep rolling in. On Thursday, a...
Published
Thu, Sep 09 2013 12:45 PM
by
FP Passport
Filed under:
Europe
,
Economics
,
Finance
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