1.Korea’s Ministry of Strategy and Finance reveals details of its $19.6 billion plan for the economy’s new growth engines. Korea announces boost to services sector 2. The FDIC’s Deposit Insurance Fund has plunged to an all time low of just $13 billion as of March 31, or 0.27% of $4.8 trillion in insured deposits. It …
Continue reading ‘Knowledge is Power: UK Housing Picking Up? Edition’ »
1.In an effort to energize the economy, stimulus checks are being mailed to millions of people. Unfortunately, thousands of the recipients are dead.Memo to the government: Dead people don’t spend 2. Gross domestic product (GDP) in the OECD area fell by 2.1% in the first quarter of 2009, the largest fall since OECD records began …
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1.THE Big Four banks have morphed into a ‘Big Two’ and the corporate watchdog isn’t happy about their growing power.Big Four banks morph into ‘Big Two’ 2.When JPMorgan Chase & Co. slashed its dividend 87% in February, from 38 cents to 5 cents per quarter, it marked one of the last dividend holdouts to crumble …
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1.Colin Grassie, CEO, Deutsche Bank, Asia- Pacific tells The Asset that his one fervent wish for Asia in the next 10 years is for Asian savings to be more effectively recycled into domestic capital Asia: The Future – Interview with Colin Grassie 2.Chief non-Japan Asia Economist for Credit Suisse Dong Tao explains why China’s economy …
Continue reading ‘Knowledge is Power: Will China’s Economy Recover? Edition’ »
1.With world trade volumes likely to shrink by as much as 13 percent in 2009 from 2008 levels, the OECD is urging governments to avoid protectionist measures and keep markets open in order to allow economies to benefit from the recovery when it comes.World trade set to fall 13 percent, OECD urges governments to avoid …
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