Section: Business Insider (USA)
Ukraine lobbies NATO, IMF as deaths mount
Donetsk (Ukraine) (AFP) – Ukraine dispatched top envoys to Washington and Brussels on Wednesday to secure help in the face of a surge in clashes with pro-Russian insurgents that killed eight more civilians and troops.A one-month truce in Ukraine is teetering on the verge of collapse just weeks before a general election meant to reunify the...
Dovish Fed minutes reveal global slowdown worries
Washington (AFP) – Federal Reserve officials stressed “patience” in waiting to raise interest rates, worrying about weaker foreign economic growth and the stronger dollar, minutes of their September policy meeting showed Wednesday.Participants at the Federal Open Market Committee meeting discussed their concerns about the...
How I Quit My Job, Moved Out Of My Fancy NYC Apartment, Sold My Belongings, And Found Happiness
Fabrice Grinda is an internet entrepreneur, angel investor, student, and lover of life, aspiring Renaissance man and cofounder of OLX, one of the largest free classifieds sites in the world. When people successfully sell their company, they typically acquire stuff. Instead I gave up my house, apartment and car and gave most of my material...
Fed Worries About Global Slowdown And Strong Dollar (DIA, SPY, QQQ, TLT, IWM)
The Fed has released the Minutes from its latest policy meeting, which show that Officials are concerned about a weakening global outlook and the surprise strength of the US dollar. Markets rallied to highs of the day as investors interpreted the Fed’s stance as indicating a dovish bias. Following the release, the Dow was up as much as 155...
Hundreds Of People Have Died During The Latest Ukraine Ceasefire
The UN has found that at least 331 people have died in fighting in eastern Ukraine despite the cease-fire agreed to by the Kiev government and armed separatists in early September, The New York Times reported. The UN found that artillery, tank, and small arms fire was ongoing in and around the separatist hotbeds of Donetsk and Luhansk, where...
The Bond Market Is Being Driven By One Thing Right Now: Fear
Investors are piling into government bonds, causing yields to fall to new lows, as fears over the health of the global economy grow. Government bonds are usually seen as a safe alternative to stocks, which react in a more volatile way to bad news. As bond prices rise due to the influx of new demand, the interest “yield” on top of them...
The Russian Ruble Is Collapsing
The Russian ruble has collapsed to a record low against the central bank’s basket of dollars and euros despite intervention by the central bank to prop it up. So far burning through more of the country’s reserves has done little to support the currency as grim economic forecasts, rising inflation and sanctions over the crisis in...
The IMF Says These 3 Risks Could Screw The Global Economy
Olivier Blanchard, chief economist at the International Monetary Fund, has identified three major risks faced by the global economy. They are, in his words, low interest rates, war, and Europe: 1. “The long period of low interest rates has led to some search for yield, and financial markets may be too complacent about the future …...
Russia’s Night Wolves ride for the motherland
Moscow (AFP) – Roaring through Moscow after dark with their big bikes, long hair and leather jackets, the Night Wolves could be Russia’s answer to the Hell’s Angels. But these are riders with a cause, and that cause is the motherland.”Our values are quite simple: love your country, have faith and don’t use or sell...
Ebola And ISIS Are Complicating Democrats’ Election Plans
In a perfect world, Democrats would love to the 2014 midterm elections to be all about the economy. But in 2014, the world has been far from perfect. And Democrats say it’s hard to grab the public’s attention and focus it on a slowly improving economy with crises popping up at home and abroad. “August was Ebola. It was ISIS. It...
