Since graduating from the university this past spring I have fallen back on the one thing that was a guaranteed aside from death and taxes, defense-related contracting abroad. In the upcoming series, I plan to cover: various companies partaking in expatriate activities and employment opportunities for graduates, the laissez-fare lifestyle associated with expatriate work, and the underlying macro-economic ramifications that coincide with this line of work.
Finance Minister of India Mr. Arun Jaitley announced a massive Rs.6.92 lakhs crore infrastructure spending and another Rs.2.11 lakh crore for bank re-capitalization to strengthen Indian economy as the economy was weakened to 5.7% in the April-June 2017 quarter due to demonetization and implementation of new taxation system called GST (Gross Sales Tax).
The cabinet headed by Prime Minister Mr. Narendra Modi, passed the proposal of Rs. 6.92 lakh crore investment in building 83,677 km of road over t
Goldman Sachs is reportedly exploring a new trading platform specifically for cryptocurrencies, most notably Bitcoin. A spokeswoman for the bank said in a statement, "In response to client interest in digital currencies, we are exploring how best to serve them in this space."
The Department of Commerce revised second-quarter GDP growth by 0.1%, from 3.0% to 3.1%. The next-highest GDP growth rate hasn't occurred since Q3 2016 when the US posted a growth rate of 2.8%.
GDP growth has been a major topic of discussion in both business and politics. Many believe that there's no reason that the US can't continue to post 3% or higher growth rates in the next few years. Others, however, believe that the days of significant GDP growth are over.
Read more below:
In a press conference on Tuesday, Fed Chair Janet Yellen said: "My colleagues and I may have misjudged the strength of the labor market, the degree to which longer-run inflation expectations are consistent with our inflation objective, or even the fundamental forces driving inflation."
Read more below:
Great read on current issues involving the Fed and its $4.6 trillion balance sheet.
Dick Bove, an equity research analyst at the Vertical Group, explains the problem with the Fed and how the Fed would be insolvent if it were judged as a private financial institution. Read more below:
A concerning report from WalletHub says that US consumers will add more than $60 billion in credit card debt by the end of this year:
Are you concerned about the rise in credit card debt? How do you think this will affect our economy going forward?
An in-depth look at blockchain technology and what it means for the Internet in the future:
Great video discussing the enormous financial aspect of the Mayweather/McGregor fight as well as boxing in general.
This link also outlines the incredible payout for both fighters.
Bank owners seem to be running a system more like that of a casino than a bank. The money being generated from the banking system would blow your mind. With such high profits, these financial institutions are being regulated and investigated more than ever. -AL
Big banks have changed a lot, but there is more restructuring to come
SINCE the financial crisis, it has become
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