2013 was referred to by Chinese citizens as the year of the “airpocalypse”, with approximately 62% of Chinese cities suffering from high air pollution levels. Chinese environmentalists issued their first “red alert” in 24 cities early January 2017 following dangerously polluted breathing conditions in Beijing. Air quality testers in China, which typically reflect “orange” or Read More…
On Tuesday November 8, Narendra Modi, the Prime Minister of India announced that the Indian government will be discontinuing the largest denomination bills in circulation, the ₹500 and ₹1000 rupee notes. These notes represent approximately 86% of the money supply in circulation. This surprise motion caused millions of people to flock to their nearest banks Read More…
* The Federal Reserves Stress Test is a test that determines how resilient the bank is to sudden fluctuations in the economy. Sources: http://www.cnbc.com/2016/10/27/doj-negotiations-has-created-uncertainty-for-deutsche-bank-ceo-cryan.html http://www.cnbc.com/2July016/09/28/deutsche-bank-crisis-explained.html Photo: “Historical ‘Deutsche Bank’-Building at Lenbachplatz 2 in Munich” (2013), by Guido Radig via Own Work. Licensed under CC Attribution 3.0 Unported. Disclaimer: Any views or opinions expressed in articles are Read More…
Globalization is the process of interrelating and integrating people, ideas, companies, and governments across the world. Globalization efforts are sustained by free moving trade, high levels of investment and labour migration among nations. Since 1950, the volume of world trade has gone up twenty times and foreign investment doubled to $827 billion. Subsequently, living standards Read More…
The Chinese economy has been booming in the past few decades. From 1970 to 2015, China’s GDP rose rapidly from 4.1% to 15.6%. Chinese GDP at 10.98 trillion USD (as of 2015) contributes to 21.2% of world GDP in 2015 and grew at an average rate of 7.3% for the past 3 years. The “Made Read More…
Does Canadian Foreign Aid Really Help? Sravani Mamillapalli discusses how developmental aid could be worsening, rather than improving, conditions in developing countries.