Two left-wing candidates say every French citizen over 18 should receive the monthly pay-out regardless of whether or not they are employed
A recent headline in Quartz, an otherwise serious media agency, claims that Jammu and Kashmir is the first state in India to "commit to a universal basic income" (UBI).
Goldman Sachs Group Inc (GS.N) reported a nearly fourfold rise in quarterly profit on Wednesday, benefiting from a surge in trading following Donald Trump's surprise win in the U.S. presidential election.
Zerohedge has an interesting post out today called Treasury Specs Are So Short, It Is Now A 4 Sigma Event. Let's take a look at his charts and a couple of mine.
Acceleration of supply side reforms may push up consumer prices faster than expected, with medical inflation already at its highest since 1997
2017 has just started but some longer-term trend changes already seem to develop. It is interesting how a new year combined with a new US president act as a catalyst for what will be the start of monumental events in the world economy. Not that many
How Economists Can Stay Relevant Under Trump … Economists are going to have to approach things a bit differently if they want to stay relevant in the Trump age.
Gross Domestic Product plummeted in Venezuela in 2016, while inflation broke historic records, according to the country's Central Bank.
Free Money" experiments are underway in several places: Canada, California, and Finland.
Today the Mexican central bank intervened in the forex markets to prop up the peso, but the action has largely failed.
What lies ahead for the economy this year? Will the economy finally collapse as predicted by many or will the early positive signs in stock markets around the world continue and the global economy will flourish?
Finland has started a radical experiment: It's giving 2,000 citizens a guaranteed income, with funds that keep flowing whether participants work or not.
Indian Banks Slash Interest Rates...Over 50 days after Indian Prime Minister Narenda Modi stunned India's population when he announced on November 8 he would unexpectedly eliminate 86% of the existing currency in circulation...
In what may be both good and bad news for the ECB, German inflation jumped more than expected in December, hitting the highest level in more than three years, according to preliminary data. German consumer prices, harmonized with other European coun
For a glimpse into just how insane modern finance and capital markets are, look no further than Italy's thrice insolvent (in three years) bank Monte Paschi, which after failing to finalize a private, is finalizing the terms of its nationalization ...
A lot of people do not realize that private schools here can operate under the same conditions as public schools. A school gets its funds depending on the number of students and anyone can apply to any school. So a public school that fails to attract
What a lot of people don't know is that there is a mathematical relationship between index options and options on the constituent stocks that comprise the index. As it turns out, index options tend to be chronically overpriced, so there is money t
It seems that the monetary powers are wrestling with public policy to work out how quickly they can bring millions, or even billions, of people to their knees. A reckoning may soon be coming to other nations as well, and America, too, may see economi
It will be the middle class that accepted the notion that "real estate is the foundation of family wealth" that will be stripmined by higher taxes on immobile assets such as real estate.
While we have previously shown the amazing gimmicks the Chinese central bank does with the short end of the offshore Yuan interbank offered rate, which as previously explained, and as shown in the animation below, has become the PBOC's favorite means
This tried-and-true investing strategy may not be all it is cracked up to be, he says.
The devaluation of the British pound has resulted in India's nominal GDP exceeding the UK. India is now the fifth or sixth largest economy in the world based on nominal (exchange rate) GDP UK, India and France are nearly tied based on exchange rate.
CARACAS (Reuters) - As a harrowing economic crisis makes food scarce for millions of Venezuelans, many families cannot buy their children Christmas presents, decorate their home, or even host a holiday dinner.
The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars worth of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008,
The world's oldest bank and Italy's third biggest bank, Monte dei Paschi di Siena (MPS), is making a last-ditch emergency attempt as the year ends to convince tens of thousands of ordinary Italian savers to help it escape state hands.
SINGAPORE: Diversification is generally considered one of the basic tenets of investing and financial planning. Owning a mix of assets, ideally with a low correlation, including, stocks, bonds, real estate and gold, for example, is Investing 101. Tha
MOSCOW (AP) -- Ukraine is nationalizing its largest bank following concerns over its stability in a move welcomed by the International Monetary Fund and the European Union.
The collapse of the euro is accelerating, and it looks like we could be staring a major European financial crisis right in the face early in 2017.
Rate Hikes During The Trump Era. Now that Donald Trump has won the election, the Federal Reserve has decided now would be a great time to start raising interest rates and slowing down the economy. Over the past several decades, the U.S. economy has
Global financial repression has picked up steam. Australian citizens are likely the next victim.