Venture Capital Fund to Become First to Issue Own Digital Tokens - Bloomberg
...initial coin offering, or ICO...
Sunday, February 26, 2017
Friday, February 24, 2017
Thursday, February 23, 2017
Saudi Arabia's Oil Wealth Is About to Get a Reality Check - Bloomberg
Saudi Arabia's Oil Wealth Is About to Get a Reality Check - Bloomberg
Aramco, formally known as Saudi Arabian Oil Co., pays a 20 percent royalty on revenues and an 85 percent income tax.
Aramco, formally known as Saudi Arabian Oil Co., pays a 20 percent royalty on revenues and an 85 percent income tax.
Richest Scandinavians Aren't Working as Much in New Millennium - Bloomberg
Richest Scandinavians Aren't Working as Much in New Millennium - Bloomberg
...That’s a real problem for country which offers a sick leave equivalent to 100 percent of the worker’s salary for up to a year. Incidentally, disability benefits in Norway are universal, not just for affected workers, meaning someone who has never worked can still expect to receive help from the state in the region of 40 to 50 percent of the national average wage....
... 30 percent of "traditional" jobs are set to disappear as the economy transitions away from manual labor to machines...
...That’s a real problem for country which offers a sick leave equivalent to 100 percent of the worker’s salary for up to a year. Incidentally, disability benefits in Norway are universal, not just for affected workers, meaning someone who has never worked can still expect to receive help from the state in the region of 40 to 50 percent of the national average wage....
... 30 percent of "traditional" jobs are set to disappear as the economy transitions away from manual labor to machines...
Wednesday, February 22, 2017
China's Wealth-Management Time Bomb - Bloomberg Gadfly
China's Wealth-Management Time Bomb - Bloomberg Gadfly
...Yield-hungry savers have flocked to WMPs because they offer returns as high as 8 percent -- far more than the one-year benchmark deposit rate of 1.5 percent.
Proceeds of the products have increasingly been invested in lower-rated bonds sold by risky borrowers and in property projects (for which they are a key source of funds)....
...Yield-hungry savers have flocked to WMPs because they offer returns as high as 8 percent -- far more than the one-year benchmark deposit rate of 1.5 percent.
Proceeds of the products have increasingly been invested in lower-rated bonds sold by risky borrowers and in property projects (for which they are a key source of funds)....
Tuesday, February 21, 2017
Maudlin - Tax Reform: The Good, the Bad, and the Really Ugly—Part Three
http://www.mauldineconomics.com/frontlinethoughts/tax-reform-the-good-the-bad-and-the-really-ugly-part-three
..in the next global recession (and there’s always a next global recession) a country that depends on exports for 50% of its GDP is going to get its throat ripped out. Especially when the euro breaks up and nobody has the ability to buy Germany’s high-priced products. There is a cost that comes with being a manufacturing power, and you need to be careful what you wish for...
...9. If the dollar does rise too much, does President Trump instruct the Department of the Treasury to monetize our debt in order to weaken our own currency in response? Isn’t that called a currency war?
..in the next global recession (and there’s always a next global recession) a country that depends on exports for 50% of its GDP is going to get its throat ripped out. Especially when the euro breaks up and nobody has the ability to buy Germany’s high-priced products. There is a cost that comes with being a manufacturing power, and you need to be careful what you wish for...
...9. If the dollar does rise too much, does President Trump instruct the Department of the Treasury to monetize our debt in order to weaken our own currency in response? Isn’t that called a currency war?
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