World

China’s Trade Surplus with the U.S. is at an All-Time High

China has made an announcement revealing that the U.S trade deficit with China is still very much a problem and will continue to be so as the U.S. economy improves. According to a recent Chinese report, China had the largest-ever annual trade surplus with the U.S. in 2017. “A global recovery led by the U.S. provided a shot in the ...

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The World Experiences Prosperity Unevenly

On Wednesday January 10, 2018, The World Bank released its annual report on the global economy entitled Global Economics Prospects.  Thanks to broad-based improvement in growth around the world, the report predicts that for the first time since 2008 the world economy will be operating at its potential. Overall, the world’s economy grew 3% in 2017, the World Bank said, ...

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Repatriation Rate and Uses Becoming Clearer

I have written a couple of articles about the new tax bill and how the success of the bill will depend greatly on how much cash is repatriated and how the cash is then used once it is brought back to the United States. Thanks to a few announcements and a survey, we are starting to get an idea of ...

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High Prices Spark Anti-Government Protests in Iran

Iranians across the country joined in unauthorized protest last weekend to speak out against the government’s inability to fix ongoing economic troubles like rising prices and unemployment. Dozens of people have been arrested. Iran’s economy, which is largely dependent on oil, has long been plagued by high unemployment and double-digit inflation. Data from the International Monetary Fund shows inflation at ...

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Is War a Prospect with North Korea in 2018?

As Kim Jong Un continues to make threats against the U.S., while also deploying missile tests, the United Nations has made a last stitch effort to punish North Korea. The new U.N. sanctions that were introduced in September are expected to make a significant impact starting in next March. “In addition to further toughened sanctions, an increase in North Korea’s ...

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Time Heals Greece

Alone among the countries in the European Union that were bailed out following the global crash in 2008, Greece continues to operate subject to the terms of its multi-lateral assistance contract.  This contract, its third in a series of contentious ‘bail outs’ that tested the viability of the European Union, is set to end in August 2018. Greece’s recent economic ...

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German Intelligence: China’s Cyberspying Runs Deep

A top German intelligence officer said over the week that China is using social networks to spy on German citizens. Hans-Georg Maassen, the head of Germany’s domestic intelligence agency, said on Sunday that his agency, BfV, has identified at least 10,000 German citizens that have been targeted by China’s cyber espionage activities. Many of the victims were politicians and officials at ...

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Brexit: EU and Britain Reach Agreement on Divorce Terms

British Prime Minister Theresa May has finally reached an agreement with the European Union on Brexit divorce terms. The agreement, which comes more than a year after the Brits voted to leave the bloc, follows six months of intense talks and an all-night discussion with European Commission President Jean-Claude Juncker, the DUP, and the Irish government. The 15-page deal includes ...

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Maduro Purges the Oil Industry, Fires and Arrests 65 Execs

As the conditions in the socialist Venezuela only get worse for its citizens, Venezuela’s president Nicolás Maduro is desperately trying to revive the oil industry with a strategy that is likely to fail. In a dramatic move, Maduro has fired and arrested 65 former oil executives as part of a month-long purge on the oil industry. “The arrests and firings ...

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France’s Macron Wants to Pay People When they Quit

French President Emmanuel Macron is negotiating with businesses and labor unions as part of his plan to extend the country’s unemployment benefits to also include individuals who quit their jobs. Unemployment payments currently are reserved for those who have been fired or laid-off, but Macron believes that by extending the program to include those who leave an employer on their ...

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