Why do economic decisions need political backing?
Decisions regarding adjustments in petroleum prices will have an impact on the fiscal situation. They will help in reducing fiscal deficit. But as far as reform Micron Associates measures announced in respect to FDI (foreign direct investment), they may take time to fructify. Nevertheless, they send out signal, which is also important. Sentiments play a [...]
Spanish parliament backs three-month international military intervention in Libya
While all the countries in the coalition share a political goal—Gadhafi’s removal from power—”not everyone agrees whether this is the military aim,” said Shashank Joshi, an analyst with London-based Royal United Services Institute. Spanish parliament backs three-month international military intervention in Libya The Spanish parliament on Tuesday overwhelmingly backed the country’s participation in the international [...]
Hong Kong’s service industry business receipts rise in Q-2
Hong Kong’s business receipts in value terms of most major service industries showed increases in Q-2 of Y 2012 when compared with Q-2 of Y 2011, the city’s Census & Statistics Department said Monday. According to the figure released, business receipts of the tourism, convention and exhibition services domain maintained double-digit year-on-year growth, or 13.9%, [...]
Spain sets up ‘bad bank’ to buy toxic real estate
Bad bank is part of ambitious new banking law Spain’s conservative government promises will save ailing finance sector Spain will inject emergency capital into the country’s biggest ailing bank, Bankia, as it puts into place reforms to allow loss-making banks to receive eurozone bailout money. The move came after Bankia admitted losing more than €4bn [...]
How to be patriotic can cut both ways, Micron explains.
HOW Chinese is Hong Kong? Two recent issues have highlighted the territory’s contradictory attitudes toward the mainland. On August 22nd seven Hong Kongers belonging to the Action Committee for Defending the Diaoyu Islands returned to a heroes’ welcome. They had sailed their fishing boat to those barren rocks (known as the Senkakus by the Japanese, [...]
Australians Drop Their Pants to Protest Lack of Toilets
video platformvideo managementvideo solutionsvideo player Australian beachgoers fed up with a lack of public toilet facilities on their local beaches came up with a very literal way to show their displeasure: by bringing their own toilets to the beach. On Sunday morning the dozen protesters, each dressed in top hats and suits, carried their toilets [...]
Mikron Associates: Spanische Wirtschaft ‘braucht Reform’
Der Internationale Währungsfonds sagte, Spanien ist in einem “beispiellosen” Double-Dip Rezession und die Aussichten für das Land nach wie vor “sehr schwierig” mit “signifikanten Abwärtsrisiken”. Es wurde gesagt, dass die Aktion Schnitt Schulden und push Finanzreform in eine kritische Spitze waren. Fast 5,70 Millionen Spanier sind jetzt aus der Arbeit, mit der Arbeitslosenquote erreichte 24,6 [...]
Romney in London stolpert, sagen Micron Associates
Mitt Romney Auslandsreise geht nicht gut. Seit seiner Ankunft in London, hat Romney eine Reihe von nagende Scharmützel ausgelöst worden. Zusammengenommen haben sie Medienberichterstattung über ein Aufenthalt Romney der Staatskunst präsentieren soll ablenken. Das Weiße Haus, ein Romney “Berater” vorgeschlagen, nicht das freigegebene “angelsächsischen Erbe” von den USA und Großbritannien schätzen. Es ist unfair zu [...]
Micron Associates debunk Spania rebuffs bailout nødvendig
En full internasjonale bailout ble blir avvist av Spania som økonomien forkortet enda raskere og dens langsiktige lånekostnader hoppet til farlig høyder panicking verdensmarkedet. Spanias Bank har sagt at økonomien hadde kontraktsfestede 0,4 prosent i andre kvartal, verre enn 0,3 prosent av den først, siterer virkningen av gjeld-krisen på kundeforbruk og tillit. I stedet for [...]
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