Archive of posts filed under the Knowledge is Power category.

Knowledge is Power: Obama The Economic Magician Edition

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1.Capitalism with Chinese Characteristics–FEER Editor Hugo Restall reviews Yasheng Huang’s timely critique of China’s brand of capitalism. 2.The German government has launched a takeover bid for the bank Hypo Real Estate by offering shareholders €1.39 per stock. If they refuse, Berlin has the right to expropriate them under a new law.Berlin Launches Hypo Real Estate …

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Knowledge is Power: Extended Downturn Edition

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1.April 8 (Bloomberg) — Since the Jwaneng diamond mine in Botswana closed in February, Emmanuel Garetshele has done little except cash his mine-operator paycheck and watch his country go from being the success story of Africa to an economic laggard. Botswana Diamond Mines Sit Idle as Africa’s Star Economy Loses Its Luster 2.SUFFOCATED BY DEBT …

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Knowledge is Power: Zombie Banks Edition

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1.Billionaire George Soros said the change to fair-value accounting rules will keep troubled banks in business, stalling a recovery of the U.S. economy.“This is part of the muddling through scenario where we are going to keep zombie banks alive,” Soros, 78, said today in an interview with Bloomberg Television. “It’s going to sap the energies …

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Knowledge is Power: Bill Gross Investment Outlook Edition

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1.Job seekers are flocking to the once have-not province, now enjoying its bright time in the sun.Ontarians head west to ‘Saskaboom’ 2. Monitor of bailout plan wants executives from Citigroup and AIG to be axed in damning report.American watchdog calls for sacking of financial bosses 3.The G-20 has agreed on plans to fight the global …

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Knowledge is Power: The New Gold Rush Edition

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1. Investor interest in gold has accelerated again, with the metal’s dip attracting bargain hunters. Is now the time to buy? Gold investing rush speeds up again 2.Once considered relatively immune to the global economic slump, Latin America is facing hard times as commodity prices crumble, trade dwindles and Venezuela�s oil-funded regional largess begins to …

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