Word: capitale
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The next signal that the situation is not worsening is car sales. Most of the large manufacturers are experiencing monthly drops of over 45% compared with last year. It may take a year or more for those numbers to settle at drops of closer to 10% to 20%. But, if...
The largest issue between now and whenever the cataclysm ends is whether the major economic powers develop more intimate relationships or are driven to isolation in order to defend their economies through protectionism. This development would reach an epic level if nations such as China began to hold capital in...
In the underdeveloped world the misery's fallout will be incomprehensible. Whatever social services and generosity that has come from the more wealthy nations will dry up along with the financial capacity that has created a history for large scale compassion. A hoarding of natural resources, especially those that are...
But that self-fulfilling spiral also means relative calm can follow bouts of chaos. Though the causes of Monday's global sell-a-thon remain unchanged, by Tuesday markets had mostly digested it all - and began looking for ways to pick up, muddle on, and possibly find a deal to...
The two men's killings come after months of turmoil among the country's neighbors, in a region which has been beset by Latin American drug traffickers, who are increasingly using West Africa as a way station for cocaine smuggling into Europe. Military officers in neighboring Guinea mounted a coup...