The Democratic Republic of the Congo has announced plans to put into effect a radical new mining code this week that will, in theory, divert more profit from mining company shareholders to the citizens of the Congo themselves. This new code could potentially blast prices for such electronic devices as electric car batteries and …
The new tax law that took effect at the beginning of the year has been scrutinized and found wanting by a pair of Harvard economists — one a Democrat, the other a Republican. They say it will undoubtedly spur economic growth at a moderate level but not nearly enough to produce the revenue that …
The economy is taking off, the national average salary of the American worker is on the rise, and at long last the statistics show that millennials are getting hitched and having babies. That’s all good financial news, especially when it comes to the homebuying industring. Yet the pundits now says that this could be …
Almost half of the senior population pass away with less than ten thousand dollars in tangible assets. That’s according to a four year old study by the National Bureau of Economic Research. At the same time, senior debt is skyrocketing. Just ten years ago is was thought to be unusual for a senior citizen …
Rich people who want to fund new capitalistic ventures are using their fancy art collections and Rolexes for collateral at niche pawn shops that accept high end articles for easy, no-questions-asked, loans. Such lending companies are riding the wave of affluent customers who don’t mind taking a quickie loan of a thousand to …
The august Church of England, head of the Anglican faith around the world, has issued a statement under the name of the Bishop of Canterbury saying that people should be learning about finance more than learning about sex education. In a White Paper to the Parliament of Great Britain, the Church of England …
After the creation of the Visa Check Card back in 1995, the debit card mania firmly grabbed hold of first America, and then the rest of the world. Debit cards were heralded as the greatest invention since charging interest was discovered by ancient banks. They were convenient. There was no debt to deal with …
Companies in the United States have begun buying back their own shares at a very fast tempo. This, in turn, is creating heated dialogues in both Washington and over on Wall Street concerning why the huge savings that some corporations are reaping from corporate tax cuts from the new tax laws are not being …
The investment atmosphere in British online financing for new businesses recorded an all time high in 2017 of nearly 20 billion pounds (27 billion dollars.) This very worrying to traditional banking institutions in London, such as Barclays and The Bank of London. It means, among other things, that traditional financing avenues for startups are in …
Chairman Jerome Powell of the Federal Reserve showed some muscle today during his first interview with Capitol Hill lawmakers since becoming chief of the powerful Fed. He was questioned by New York Representative Carolyn Maloney about his intentions with the interest rate this year, and whether the Federal Reserve was going to get more …