World

UK says Facebook “Intentionally” Violated Privacy Laws

In a report released Monday, British lawmakers claim Facebook “intentionally and knowingly” violated the country’s data privacy laws. The report is yet another step backwards for the social media giant, which has faced increasing criticism since the Cambridge Analytica scandal broke in March 2018. Facebook’s “handling of personal data, and its use for political campaigns, are prime and legitimate areas ...

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Chinese Central Bank tries to Alleviate Major Credit Problems

In an innocuous release from the Chinese Central Bank several days ago, it is apparent that the mounting credit crisis is getting the attention of the Chinese government. The Peoples’ Bank of China (PBOC) is attempting to tweak its monetary strategy regarding the management of its reserve requirements. Facing the pressure of a slowdown in the Chinese economy and dissatisfaction ...

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Trump Expected to Ban Chinese Telecom Equipment

President Trump is expected to sign an executive order banning Chinese equipment from US wireless networks. The decision, which comes ahead of a key industry conference later this month, sends a clear signal that US officials are prioritizing cybersecurity amid the global rollout of 5G infrastructure. The directive “could further roil the Trump Administration’s already tense relationship with Beijing, especially ...

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Immigration at the Forefront of Italian Economy Woes

In an age where man has his sights set on traveling the universe, migration here on earth continues by sea as it has done since ancient times. As the medieval Norseman was rebuked from Europe, the seafarers from North Africa are unwanted by a large portion of the Italian population, and are at the center of the country’s current economic ...

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Venezuela Boils – Our Best Effort to Update!

By The Time You Read This News From Venezuela, It Will Be Old News! Daily reports from Venezuela are almost close to useless these days, because things are changing by the hour. By the time a reporter takes pen to paper (you hopefully understand the metaphor), and until it gets printed or published online or spoken on TV, it’s old ...

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Soros New World Order not happy with Chinese Suppression

Just as I called out the sanctimonious left for being silent on Chinese totalitarianism, who steps up to the plate but their billionaire de facto leader George Soros. The conundrum that I am having with this piece is that he is right. China is all that and more. Soros issued a warning on Thursday that advancements in the field of ...

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Meet Harvard Professor Gita Gopinath – first Woman to Steer the IMF

It should come as no surprise that Gita Gopinath was selected as the first woman to become chief economist at the International Monetary Fund. Her academic pedigree is beyond reproach. Born in India, Professor Gopinath studied for her doctorate at Princeton under Kenneth Rogoff, a former occupant of her new job, and Ben Bernanke, who later led the Federal Reserve ...

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Beware the Chinese Silicon Valley East

The rarest of start-up breeds is being found in several cities in China. The “Unicorn,” a private company with a market capitalization of $1 billion, is being spotted more of late. A Chinese government report put the number of unicorns in the country at 164 in 2017, a 25% increase from the year before. By some counts, it already has more ...

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Trump vs. Davos and Economic Globalization

One wonders what the 2019 World Economic Forum in Davos, Switzerland will be like without the presence of the United States. Also by the way, it looks as if Vladimir Putin may be a no-show, and the world’s second largest player, China, has sent as surrogate Vice President Wang Qishan. Yes, there will be important players there, such as Angela ...

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