Word: economice
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The same goes for the rest of Europe. The patchwork of nations that make up the European Union sports a combined population of half a billion people - hardly a small Gallic village forced to defend itself against the onslaught of an economic empire. In ways both obvious and less so...
After the talk, I found myself wondering how these banks grew so large in the first place. In 1999, Congress passed the Gramm-Leach-Bliley Act, allowing retail banks (which accept deposits and issue personal loans), investment banks (which trade securities and manage corporate acquisitions), and insurers to merge. Subsequently...
The Obama administration’s proposed banking reforms include measures that will indirectly restrict the size of banks. Although this represents a step in the right direction, the president’s economic team has no plans to restore the wall between commercial banks, investment banks, and insurers. This...
"The relationship between the United States and China has never been more important to our collective future," Obama said on Tuesday as he stood before reporters with Chinese President Hu Jintao. "The major challenges of the 21st century, from climate change to nuclear proliferation to economic recovery, are challenges that...
While China has vastly expanded trade ties and investments in Africa, Central Asia and South America, its foremost goal is to ensure its access to natural resources. In Afghanistan, China's $3 billion copper-mine investment is the country's largest single investment, but the stability of the war-torn...