Doral Financial (DRL) was shutdown by the FDIC on Friday Feb 27th, 2014. It was one of the largest banks in Puerto Rico and struggled to survive for many years.Bank closures have declined substantially since the financial crisis and so far this year only four have failed according to data by the FDIC. When its stock …
Most of the infrastructure in the U.S. are in desperate need of an upgrade. Highways, bridges, water and sewer systems, electrical grid, railroads, etc. were built long time ago – some 50 years or more – and could use a makeover. The following is a summary of key points from a research report on the …
Continue reading ‘Crumbling U.S. Infrastructure Needs Huge Investments’ »
Africa requires massive investments in power generation to meet its demand. According to an article by Dr.Mark Mobius the continent has only 7% of the power generating capacity of the U.S. This fact is astonishing since Africa is blessed with plenty of natural resources such as water, solar energy, oil, etc. Click to enlarge From …
On Tuesday Feb 24th, UK’s benchmark Index the FTSE 100 closed at 6949.63 surpassing the peak it last reached 15 years ago during the dot-com boom. It took the index an astonishing decade and half to regain this level. Click to enlarge Source: As FTSE Hits a Record, Scratch Beneath the Surface, Moneybeat, The Wall Street Journal Here …
The map below shows the Largest Metropolitan Economies in China 2013-14: Click to enlarge According to a report by The Brooking Institution, two-thirds of metro areas in China ranking among the fastest growing group among the 300 largest metropolitan areas worldwide. The GDP of the Chinese metropolitan regions vary widely with Shanghai at $594 billion to Shantou at …
Continue reading ‘The 48 Largest Metropolitan Economies in China’ »