United States
Venezuela strays from its policy of nationalization
Venezuela has been particularly hard hit by the global recession over the last few years. Last year alone, the country experienced 27% inflation and a 2.9 percent decline in economic output. Times are tough enough, in fact, that famed “anti-capitalist and Marxist” Hugo Chávez has declared that, “Investment and experience from foreign oil firms is [...]
Emerging market characteristics in nexus between US govt and Wall Street
Simon Johnson documents how Wall Street lobbying to obtain favored status with US politicians, not only precipitated this financial crisis, but also is preventing an adequate resolution – policy decisions are being made to favor banks at the expense of taxpayers, thus setting the US up to follow in the footsteps of Russia and Argentina.The [...]
Mexico the new dental destination
Some cash rich Indian hospital chain needs to consolidate these solo/duo dental practitioners South of the US border – and speed up regulatory compliance and obtain insurance company blessing for these procedures, after the necessary rebranding. Apollo, Fortis, Wockhardt anybody?!
A huge belt from Mexico to Central America and the Caribbean are ripe pickings. Indian [...]
Mr. Lula goes to Washington
Lula is not only a political and diplomatic pro, but also a statesman. Amazingly, he comes off as more prepared than Obama with solid answers to reporter questions, with a sense of humor as well. Political leadership of this sort inspires business confidence in a country. Must watch link -CSPAN Video- Pres. Obama & Brazilian [...]
Visual Guide to the Financial Crisis
All future visualizations of complex issues should emulate this example. With input by Jess Bachman of Death and Taxes fame. As an aside, a compelling graphic of the spike in US home values driven by easy credit and their projected deflation with the popping of the credit bubble.via Mint Blog (20%)
Technorati Tags: credit bubble, financial [...]
Trade with Latin America: Comparison of US, China and India
India’s trade with Latin America was $11 billion last year. So, a long way to go. For historical context, China’s trade with LatAm was about $13 billion in 2000.
Indian companies’ success in the United States – especially in IT software and services, pharmaceuticals, engineering products puts them in a good position to gain a foothold [...]
Wall Street 1929 vs 2008
wall_st_1929vs2008.jpg (JPEG Image, 389×500 pixels)Professor Roubini weighs in on the validity of the above cartoon: ““spending $700 (increased now to $810) billion of public money is the best way to recapitalize
banks has absolutely no factual basis or justification. This way of
recapitalizing financial institutions is a total rip-off that will
mostly benefit – at a huge expense [...]
The Real Great Depression – Lessons from history
ChronicleReview.com
As a historian who works on the 19th century, I have been reading my newspaper with a considerable sense of dread. While many commentators on the recent mortgage and banking crisis have drawn parallels to the Great Depression of 1929, that comparison is not particularly apt. Two years ago, I began research on the Panic [...]
Andean Nations Get U.S. Trade Preferences Extended by House
Bloomberg.com: Latin America
The U.S. House approved extending trade preferences for Colombia, Peru and more than 100 other developing nations, setting up a possible vote in the Senate this week.
The bill, which would suspend $1 billion in tariffs, will continue for a year two separate measures that allow developing countries to ship their products duty-free to [...]
US Financial Crisis
Prof. Nouriel Roubini of NYU is probably one of the first economists to have correctly called this financial crisis, as early as 2006. I saw him on Charlie Rose last night and when asked “Is there an end in sight?” he replied “We are in the second or third inning (baseball metaphor) of a nine-inning [...]
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