China says Greece will thrive if managed by us
Five years ago, state-owned container giant Cosco, the no.1 liner carrier in China, paid €3.3 billion into the coffers of Greece’s cash-starved government, buying out half the lease for the port of Piraeus, giving the Chinese a 35-year control of Greece’s biggest port. Today, while Greece sinks further with unemployment rate hitting 26 percent, Cosco […]
Goodluck Jonathan’s Administration Was Designed to Ruin Nigeria’s Economy
It has just been revealed that in the last 6 years the Jonathan administration has deliberately enriched the pockets of the kitchen cabinet members, this they have done by non remittance of taxes and dividends in the real accounts but simply diverted, a situation that has impoverished the economy in no small measure. In order […]
Greece crisis missing links – Media censorship
According to mainstream media, the current economic crisis in Greece is due to the government spending too much money on its people that it went broke. This claim however, is a lie. It was the banks that wrecked the country so oligarchs and international corporations could benefit. Every single mainstream media has the following narrative […]
One of the world’s biggest banks just admitted bitcoin could destroy existing finance firms
French bank BNP Paribas says the technology underpinning bitcoin has the potential to make existing companies “redundant,” a huge admission from one of the world’s biggest banks. Analyst Johann Palychata writes in the company’s magazine Quintessence that bitcoin’s blockchain, the software that allows the digital currency to function, “should be considered as an invention like […]
Greece Finance Minister Yanis Varoufakis says he is resigning amid debt crisis.
Greek Finance Minister Yanis Varoufakis has resigned after Greek voters delivered an overwhelming “No” vote in a referendum on whether to accept more austerity measures in return for new bailout cash. “Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for […]
Taiwan: How we will rule the world’s computer industry in 50 years
In 1950, Taiwan was one of world’s the poorest country, with a per capita GDP on par with the several African states such as Senegal and Mozambique. There was not much natural resources left either; between 1895 and 1945, when Taiwan was a Japanese colony, the Empire of Japan, in a bid to compete with […]
India’s rising problem: Muslim population too poor
India’s Muslims have the lowest living standard in the country on a per capita basis, according to the recent government survey. “The average monthly per capita expenditure (MPCE) of a Sikh household was 1,659 Rupees, Hindus and Christians 1,125 Rupees and 1,543 Rupees respectively, while Muslim household only at 980 Rupees,” said a study by […]
IMF says Greece needs extra 50bn euros
Greece will need an extra 50bn euros ($55bn) over the next three years to stabilise its finances under the existing, disputed bailout plans, the International Monetary Fund (IMF) says. The IMF also cut its forecast for Greek economic growth from 2.5% to zero. And it repeated its earlier suggestion that Greece needed debt relief in […]
South Sudan tops the rank of failed states worldwide
We analyse why South Sudan, despite its vast oil wealth, is still suffering economically four years after independence. South Sudan is only four years old, but the world’s youngest nation tops the rank of failed states worldwide. After decades of conflict with its neighbour Sudan, long-sought autonomy in 2011 was meant to be a dream […]
Chinese Man ‘Vendor’ Selling Roasted Maize in Zambia
The Economic relationship between China, a global economic giant, and Zambia has had an exponential growth with economic analysis projecting trade to hit $5 Billion by 2016.But China’s huge presence on the ground is causing grumbling. Zambians now complain the Chinese are now doing everything from mining to selling chickens and vegetables. Census data shows […]
