Money laundering is a major problem affecting many countries in the world. But what exactly is money laundering? In simple terms it is one form of “washing” illegally-sourced money to convert into good money. I came across the following more details on this process: Click to enlarge Source: The Council of the EU and the …
Immigration plays an important role in the economy of the OECD countries. For example, immigration especially in the illegal category is a major topic for both the parties in the upcoming elections in the US. So its important to review the share of immigrants in the population of each country. Foreign-born population as a percentage …
Continue reading ‘Foreign-born Population as a Share of Total Population in OECD Countries: Chart’ »
Sales taxes in the US are set by individual states. On top of the state taxes, local taxes are also levied by local authorities such as city, municipality or county. The combined state and local sales taxes vary by state. The following map shows the current rates as of Jan, 2024 according to The Tax …
The US Commercial Real Estate sector remains a risk despite despite investors’ hopes for a soft landing, according to an article by IMF posted last month. According to the Mortgage Bankers Association, some $1.5 Trillion of commercial real estate debt is maturing in the next two years. About one-fourth of this debt is in office …
Continue reading ‘IMF: US Commercial Real Estate Remains a Risk’ »
The financial kingdom is not just inhabited by humans but also by other animals. The most famous animals are the bull and the bear. There are also many other animals that are used in the financial markets. For instance, the unicorn is used to describe a startup with a value of at $1 billion. Out …
Continue reading ‘What Animals Inhabit the Global Financial Markets’ »