Krugman: Puerto Rico is no Greece Puerto Rico will practically undoubtedly be in default for the 1st time ever by Monday. The commonwealth demands to make a $ 58 million credit card debt payment by August one, but best Puerto Rican federal government officials say that they do not have…
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President Vladimir Putin has put on a brave encounter as the Russian economic climate has hit the skids. The double-whammy that slammed Russia last calendar year is again: Oil prices are tumbling yet again and Western sanctions have just been extended. That’s wreaking far more havoc on the economy, which…
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Fulfill the woman behind the new $ ten bill We know there is certainly likely to be a lady on the redesigned $ 10 invoice — but outside of that there are really number of concrete information about the update. What is distinct is that it truly is all in…
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Just a couple of several years ago, lifestyle was extremely excellent for international locations like Peru that have a lot of copper and gold. China’s explosive financial progress fueled seemingly-insatiable demand from customers for industrial metals like copper, which represents a fifth of Peru’s complete exports. Charges for these all-natural…
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Where would you place your money: China or India? India is established to surpass China as the world’s most populous place — and much quicker than formerly believed. China now has a population of one.38 billion, in contrast to India’s one.31 billion, according to new info from the United Nations…
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Is it time to eliminate the personal debt ceiling? Congress has been fighting above the Iran trade offer, a freeway monthly bill and Puerto Rico’s credit card debt crisis. On Wednesday, Treasury Secretary Jack Lew sent legislative leaders a minor reminder about one more contentious item: the debt ceiling. Lew’s…
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After years of historically sluggish progress, health care paying is as soon as once more on the increase — and it is anticipated to proceed to accelerate more than the next 10 years. Many thanks in large element to the growth of coverage below Obamacare, overall health care spending in…
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five gorgeous stats about the U.S. dollar The U.S. greenback is acquiring way too sturdy for some international locations. Early warning indicators suggest yet another emerging marketplaces currency disaster. Brazil’s currency, the true, strike a twelve-12 months lower Monday. Currencies in Southeast Asia are at their worst details since the…
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3 causes gold charges are slipping Mining stocks are in a hole appropriate now. They are obtaining creamed as rates for gold, iron ore and copper crumble. Shares of mining firms Freeport-McMoRan ( FCX ) and Joy World-wide ( Pleasure ) have plunged 35% and 28% this month, respectively. That…
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