An old saying is that when the United States sneezes the world catches a cold. This used to hold true, but the emergence of the new economic superpower that is China has reduced the importance of the US economy as a driver of global economic growth. A key concern will be whether China sneezes and [...]

Just who are the 1%? One percent of the American population would be 3.1 million people. But our income statistics come from households, not individuals. The total number of households in the USA is about 116 million so one percent of those housefholds would be 1.2 million. The “averge,” household income is $50,000. Which means [...]

Banking in Israel has its roots in the Zionist movement in the beginning of the 20th century prior to the establishment of the State of Israel in 1948. The World Zionist Organization established the Anglo-Palestine Bank in 1903 (which later was renamed Bank Leumi). The two largest banks control over 60% of the banking activity, [...]

Unarguably, the online medium is the best point of reference and most effective channel in gaining information about anything you may desire. With the augment of social media, blogging and various other online outlets, customers have the power to spread the word about anything they might know on virtual networks. Clearly, thanks to its reach [...]

Worldwide most banks have tended to become more complex which means first of all, new banking products and banking services, and new divisions (functional departments), and secondly to show a change in the quality of banking services what requires each bank to act more effectively. This is a direct consequence of changes in international markets [...]

The capital flows to India might be impacted by the “worrying” trends in the global economic scenario, the country’s largest private sector bank ICICI Bank’s CEO Chanda Kochhar warned.

Noting that the investors across the world were getting into a risk-aversion mode, she said that the global economic scenario has become ‘quite [...]

Banks are financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. Banks connect customers with capital deficits to customers with capital surpluses. Banking is generally a highly regulated industry, and government restrictions on financial activities by banks have varied over time and location.

An aspect of banking about which most people know little to nothing is the fractional reserve system. Fractional-reserve banking refers to the common banking practice of issuing more money than the bank holds as reserves. Banks in modern economies typically loan their customers many times the sum of the cash reserves that they hold. Did [...]

Do you know who issues the money in your wallet or purse? For readers located in the U.S., take a look at the top of any U.S. bills and you will find “Federal Reserve Note” printed along the top. In a small black circle on the left side of these notes, you will read “United [...]

Western Civilization is the richest and most powerful social organization ever made by man. One reason for this success has been its economic organization, which has passed through six successive stages, of which at least four are called “capitalism.” Each stage created the conditions which tended to bring about the next stage.

The first stage of [...]

America Becomes the World’s Greatest Creditor

By 1914 Britain’s supremacy as financial center, as commercial market, as creditor, and as merchant shipper was being threatened. At this critical stage in Britain’s development, the World War occurred. This had a double result as far as this subject is concerned. It forced Britain to postpone indefinitely any reform [...]

Want to be successful in business? Just follow these simple guidelines:

Never walk down the hall without a document in your hands. People with documents in their hands look like hardworking employees heading for important meetings. People with nothing in their hands look like they’re heading for the cafeteria.

People with the newspaper in their hands look [...]

9.3 gigawatt (GW) of new wind power capacity was installed in the EU during 2010, reaching a total of 84 GW by the end of 2010, according European Wind Energy Association (EWEA). While offshore wind power installations grew 51% from 582 MW in 2009 to 883 MW last year, new onshore wind power installations (8.4 [...]

How do you find the loan that fits?

Here are some suggestions.

Young and single – the cash-strapped first-home buyer

Dont be sold on lots of bells and whistles.

If you fall into this category, the odds are that you wont have a lot of disposable income left after you make your loan repayments, so youll have little need [...]

U.S. crude futures extended losses on Friday as sluggish economic indicators raised doubts about the sustainability of a recent acceleration in demand growth by top oil consumer the United States. Jobless claims in the U.S. unexpectedly increased last week as the manufacturing, construction and education sectors shed workers, a report showed on Thursday. Factory activity [...]