Sovereign debt defaults has become a topic of investors’ worry in the past few years. Some of the European countries such as Greece, Spain, Italy, Portugal, etc. are suffering from fiscal issues and may default on their debts. At the height of the credit crisis some suggested that the US may have to default should …
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Transfer payments are government payments to individuals in the form of social security, unemployment benefits, disability benefits, food stamps, etc. Some of these payments are big expenditure for the government and have increased in recent years. For example, food stamp expenditures totaled $64.7 billion for the fiscal year ending in September 2010 and is projected …
Germany’s DAX index rose over 3% yesterday after having fallen heavily in the past few weeks due to the debt crisis triggered by Greece and other weak European countries. While financials were focus of investors, non-financial firms were also thrashed in the recent sell-off. As a result, some of these non-financial stocks are now worth …
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Kazakhstan became an independent country in 1991 after the breakup of the Soviet Union. It is the ninth largest country in the world and is bigger in size than Western Europe. Unlike other natural resources-based economies, Kazakhstan is unique in that 99 of the 110 elements in the Periodic Table of the Elements are present …
Continue reading ‘Top 20 Kazakhstan Companies by Market Capitalization’ »
The current U.S. total public debt outstanding exceeds $14.8 Trillions. This huge debt has been accumulated over many years under the of administrations of both Republican and Democratic presidents. Just like a business it takes money to run a government. One of the main sources of revenue for governments is taxes. So Tax Revenues as a …
Continue reading ‘USA Has One of the Lowest Taxes Among OECD Countries’ »