Current Affairs
Commodities Stoke Inflation Fears
On April 30th, the Federal Reserve announced a cut in their main interest rate by 25 basis points, to 2% from 2.25%. This is the seventh such cut by the US central bank since the beginning of the credit crunch some eight months ago, totaling 3.25% in cuts to t [read more...]
Credit Crunch: Light at the End of the Tunnel
When thinking about the economic slowdown now gripping the United States, one might think of the naked emperor of yore, who could not realize his condition until told by a child. By the time analysts and the White House recognize the extent of the credit crisi [read more...]
Sub-Prime Fallout: Why Such A Big Deal?
The recent sub-prime crisis is unlike any faced by the financial system before in one dubious distinction: Its effects are exacerbated by globalization to an unprecedented degree. Recent developments help illustrate exactly how this credit crunch can be differ [read more...]
The Process Of A Fire Risk Assessment
Today, with regulations enforcing evermore stringent safety measures concerned with fire, staying abreast of developments can be difficult. Of prime importance is to have a regular fire risk assessment to ensure hazards are kept to a minimum. The duty of a reg [read more...]
Another One Bites the Dust!
In one of the more stunning instances of hypocrisy to come out of the political world, it was revealed that anti online gambling crusader Eliot Spitzer was deeply involved with a very upscale prostitution ring. It has been estimated that Spitzer spent in the n [read more...]
Do Mass Media Influence the Political Behavior of Citizens
Outside of the academic environment, a harsh and seemingly ever-growing debate has appeared, concerning how mass media distorts the political agenda. Few would argue with the notion that the institutions of the mass media are important to contemporary politics [read more...]
Ten Times Ten: What Future for Oil Prices?
Ten dollars a barrel. That was the price oil fell to in 1998, just 10 years ago. In 2008, oil has been nine times higher, around $90 a barrel, and briefly skirted with $100 a barrel just a few weeks ago. What was unimaginable 10 years ago has happened. How has [read more...]
Hurricane Lane Hits Mexico As Dangerous Category 3 Hurricane
Hurricane Lane and its eye have just come ashore in rural Mexico. According to NOAH and the National Weather Service, it is still a destructive category 3 hurricane with sustained winds of over 125 mph. Warnings of 6 to 12 foot storm surges and possible flas [read more...]
Different Legal Punishments Given for Producing Counterfeit Money by Different Countries
Different countries have different legal punishments for those producing counterfeit money and the punishments are quite tough. The reason why the punishments are harsh is because counterfeit money reduces the value of actual money and causes inflation due to [read more...]
Quitting Real Estate: Possibly a Good Career Move
I read a post recently where a real estate agent was posting about whether they should leave the real estate profession. The market had slowed in their area and their income stream had decreased rapidly. They worried that if the market didn’t pick up s [read more...]
