The Abbott government has hesitated over joining the Asian Infrastructure Investment Bank. It shouldn’t
It appears the China-led Asian Infrastructure Investment Bank (AIIB) has become a dilemma for the Abbott government.
Cabinet division over the invitation for Australia to be a founding backer of the bank reflects the Abbott government’s uncertainty about our nation’s future in Asia.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The first plastic bank notes in Britain are going into circulation in Scotland, a year ahead of their introduction by the Bank of England.
The BBC’s Timothy McDonald reflects on the economic legacy of Singapore’s Lee Kuan Yew, who has died aged 91.
Just as The Fed folded this week on ending the nation's booming income inequality problem (by reinforcing the Yellen put for longer), so Starbucks has folded in its effort to fix the other growing divide in America – racism. Careful not to admit that it was due to pressure from the avalanche of less-than-positive social media reactions, AP reports Starbucks baristas will no longer write “Race Together” on customers' cups. “Nothing is changing,” Starbucks claims it was all part “of the cadence” of the plan – hhmm. “Most people come to Starbucks for coffee,” concludes one young African-American, adding “race is an uncomfortable thing to bring up, especially in a Starbucks.”
Presented with no comment…
Banker Ksenia Bobkova on why she’s bringing Russian-style bathhouses, or banyas, to Britain.
Report warns that people’s complacency over their ability to manage their borrowing could lead to resurgence in bad debt
The average UK household will owe close to