The world was shocked by the China’s proposal to replace the US dollar as the dominant international reserve currency with a new global reserve currency governed by International Monetary Fund.
This was expressed by People’s Bank of China’s governor Zhou Xiaochuan, In his open essay in the China’s central bank website he argued that this proposal [...]
As every cry-babies have their tantrums due to the economic slowdown, which doesn’t exclude even the mature adults, be the one that swam against the current by ironically making money during a financial crisis. One may think it’s silly, but actually there are ways to earn extra money!
Start small by collecting change. You may think [...]
Many economists and lawmakers have questioned President Barack Obama’s take on his big-spending plans. Republican Senator Judd Gregg has said that in order to become successful, the government should take on the duties of providing affordability to its community without excessive spending on the part of the people. Senator Judd Gregg has become one of [...]
The financial sector is keen to implement adjustments to cope up with the crisis that hit every industry around the world. With this, as a consequence, regulators and politicians are already taking actions to impose tougher and stiffer regulation.
Nonetheless, Institute of International Finance, a conglomeration of top financial firms, already presented their own [...]
Tough times call for drastic measures. As economic superpowers like the US and UK struggle to meet the demands of an impending global recession, we can all do our share by getting our personal finances in order. Now, more than ever, it is important to keep debts in check and be extra-cautious when deciding where [...]