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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/date_api_filter_handler.inc on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_price.inc on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_weight.inc on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/views_handler_field_user.inc on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/semanticviews_plugin_style_default.inc on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/handlers.inc on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
Global

Global

(January 2014) The collapse of Lehman Brothers in the US in 2008 showed us all the dire consequences of living beyond our means. In recent years, Brazil has relied massively on the credit card to drive consumption - - and on economic growth that is now running out of steam. Business activity is sluggish, inflation is rising and the rate of indebtedness among the population is extremely high. Never before have Brazilians been so deep in debt -- more than 63% of Brazilian families are affected.
(January 2014) Bill Gates on why aid works, the poor are getting richer and growing wealth inequality doesn't matter.
(January 2014) By 2035, there will be almost no poor countries left in the world. There will be countries will be held back by war, politics (such as North Korea) or geography (such as landlocked states in central Africa). However, every country in South America, Asia and Central America (except likely Haiti) and most in coastal Africa will have become middle-income nations. More than 70% of countries will have a higher per-person income than China does today.
(January 2014) Carmen Reinhart and Kenneth Rogoff, Harvard University economists, presented a paper at this month's annual meeting of the American Economic Association, which examines the evolution of real per capita GDP around 100 systemic banking crises. It says part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about eight years to reach the pre-crisis level of income; the median is about 6 ½ years. Five to six years after the onset of crisis, only Germany and the US (out of 12 systemic cases) have reached their 2007-2008 peak in real income. Forty three percent of the 100 episodes recorded double dips. Post-war business cycles are not the relevant comparator for the recent crises in advanced economies. Ireland has a ranking of 26 of 35 of the Worst Systemic Banking Crises, 1857-2013
(January 2014) While Europe and the United States have suffered their worst economic downturns in 75 years, most major Latin American economies weathered the crisis with limited damage before embarking on strong recoveries.
(January 2014) Emerging Markets: In 2001 Jim O'Neill, then chief economist of Goldman Sachs, the US investment bank, coined the acronym Bric - - Brazil, Russia, India and China -- for four emerging economies that were forecast to be growth giants of the world economy. Fidelity, the fund managers has identified the "Mint" countries - - Mexico, Indonesia, Nigeria and Turkey - - as emerging economic giants, which O'Neill is now championing. What happens if the acronym is not catchy? Robert Ward of the Economist Intelligence Unit came up with "Civet" for Colombia, Indonesia, Vietnam, Egypt and Turkey but it failed to gain traction, Maybe there should only be four letters? Meanwhile, beyond economists searching for immortality, Shinzo Abe, Japan's prime minister, is in Africa where China has had a huge head start in the second fastest growing region in the world.
(January 2014) Global food prices remained high in 2013 with good harvests in cereals and sugar offsetting rises in meat and dairy prices.
(January 2014) Cross-border capital flows collapsed during the financial crisis, falling from $11.8tn in 2007 to an estimated $4.6tn in 2012. Western Europe accounts for some 70% of this drop, as the continent’s financial integration has gone into reverse. Eurozone banks have reduced cross-border lending and other claims by $3.7tn since 2007, and central banks now account for more than 50% of capital flows within the region. In an update, The Financial Times reported this week that in mid-2007, cross border capital inflows into the G20 group of 19 leading emerging and developed economies, were equivalent to almost 18% of those countries’ economic output. In mid-2013, the equivalent figure was 4.3%. In dollar terms, G20 capital cross border inflows have since fallen 67.5% since mid-2007.
(January 2014) Sufficient food is available for increasing numbers of people, but at the same time, the dependence of countries on international trade in foodstuffs has jumped in 40 years. The proportion of the population who get enough food (more than 2,500 calories a day) has nearly doubled to 61%. Those living on a critically low food supply (less than 2,000 calories a day) have shrunk from 51 to 3%.
(January 2014) An influential political philosopher and a professor at Harvard Law School, Roberto Mangabeira Unger, who had Barack Obama among his students, argues that social democracy is flawed and that the left needs an entirely new programme.