Depletion of international
Depletion of international reserves: violent deterioration in current account. A crisis in the balance of payments current-account-incubated, produced not only by the drop in oil prices, but by an inefficient and inappropriate allocation of resources generated by oil revenue represented a monumental fiscal expansion mounted on the mechanisms called redistributive social spending, for acquisition of assets (estatificacion, nationalization, purchase of weapons) by the Government and the State within and outside Venezuela in failed investments executed
MSN Money Canada
Debt problems are weighing down famous names – among them United Airlines, General Motors, Rite Aid and Blockbuster. The B-word is in the headlines as never before. There were 7843 commercial bankruptcy filings in March, according AACER, bankruptcy data management company.
Guardian Unlimited
The church is often at odds with Christian activists on its investment policy. It need not be that way, it is a mixed financial week for the Church of England. It proudly announced that public donations for the archbishops’ Zimbabwe appeal had reached ’292,330. Also admitted to losses of approximately 4500 times as many ’1.3 billion from investments in shares …
Kitco.com
From August 2007 when the world beyond the tipping point is in the grip of massive deflationary forces that have devastated portfolios and pension schemes and resulted in millions losing their jobs.
DTN / The Progressive Farmer
There is a fairly robust debate about the likelihood that China’s currency could replace the dollar as the world of the global reserve currency.
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