Excerpt :
Emerging nation's strategy in gold
When
certain countries must protect their economies to survive, going looking for
tax revenues in tax havens and, at the same time, paradoxically let their banks
use unorthodox methods to avoid bankruptcy, others have chosen to bet on gold.
Whilst paper gold saw a scary crash in mid-April, the demand for physical gold
has never been as high, which confirms the complete decoupling between the
paper gold and physical gold markets. What happens when everyone realises that
paper gold certificates have no physical counterpart? When the title document
to an ingot can’t be honoured? The paper in question has no value. We must
therefore
expect more volatility in the paper gold price. This is why some
brokers won’t allow any leverage on paper gold positions. This decoupling also
shows that major problems are ahead because confidence has now been shaken.
However, physical gold itself has its best days ahead. China has clearly
understood this and buys gold en masse...
China's
middle class emerges, to spend more
Chinese
consumption, largely driven by the middle class, will account for $6.2
trillion, just under a quarter of the $26 trillion of additional global
consumption in the years up to 2025, according to McKinsey & Co...
North and
South Korea agree to hold talks over factory complex
North and
South Korea have agreed to hold talks on reopening their joint factory complex
and possibly other issues, raising hopes of improved relations in the wake of
high tensions on the peninsula...
NSA
collecting phone records of millions of Verizon customers daily
The
National Security Agency is currently collecting the telephone records of
millions of US customers of Verizon, one of America's largest telecoms
providers, under a top secret court order issued in April...
Enseignement
supérieur : le grand «?mercato?» des étudiants étrangers
Etats-Unis,
Allemagne et France en baisse ; Amérique Latine, Océanie et Asie en hausse :
L’OCDE dresse le bilan des pays dont l’enseignement supérieur est le plus
attractif. Infographie animée réalisée par Enjeux-Les Echos, Juin
2013... (http://www.lesechos.fr/infographie/2013-05-22-bienvenue-aux-jeunes-cerveaux-etrangers/)
Wild Swings? Emerging
Currencies Have It the Worst
The recent
volatility in global markets looks tame compared with the wild swings in
emerging market currencies as investors brace for a possible early-end to the
Federal Reserve's hefty monetary stimulus, strategists say...
U.K. will
regret hiring rock star central banker
When a
soccer team is under-performing, the owners typically try the same solution.
They look for a big-name foreign manager to turn around the results on the
pitch...
Slowing
Growth Can Be Great News
Easing back
could be seen as an investment in a badly needed new growth model, but whether
politics will allow this is an open question...
Fed’s
Fisher sharpens attack on QE
Continuing
the Federal Reserve’s asset purchase program risks the “debasement” of the
dollar, high inflation and “the ruination of our economy and lifestyle,” a
central bank official said Tuesday...
Why Latvia
Wants to Join the Euro Zone
Latvia is
due to get the green light to become the 18th member of the euro zone on
Wednesday, but its admission has prompted questions over why the small Baltic
nation surrounded by economically robust Scandinavia – and itself a model of
economic success after a recovery from financial crisis - wants to join the
troubled currency union...
Detroit
Survival Depends on Speed of Destruction
William
Pulte says the only way to truly save Detroit and get the housing market
functioning properly again is to destroy large swaths of the city as quickly as
possible...
EU takes UK
to court over social benefits test
The
European Commission stepped into a highly sensitive national issue with one of
the most eurosceptic member states Thursday (30 May) when it decided to take
the UK to court over its social security tests for foreigners...
Merkel and
Hollande call for full-time euro President
One day
after he rejected EU "dictates" on economic policy, French leader
Francois Hollande and Germany's Angela Merkel have called for the creation of a
full-time euro "President."...
Les banques ingouvernables
Pas une seule banque de dimension internationale ne dispose
d'un conseil d'administration réellement efficace...
Report -
Symposium on Legal and Policy aspects of space cooperation between Europe and
BRICS countries
Addressing
the current challenges to space cooperation in a multipolar international
system: at the historic Academic Building of Leiden University, on May 16th
2013, an innovative symposium was held on opportunities of collaboration
between Europe and the BRICS countries, that is, Brazil, Russia, India, China
and South Africa, which in 2009 assembled a flexible political and economic
grouping of major developing countries. The interdisciplinary event, jointly
organized by the International Institute of Air and Space Law of
Leiden Law
School and the Department of Latin American Studies of Leiden University’s
Faculty of Humanities with the suppoet of LEAP, encompassed a substantial and
rich programme, with sessions covering not only an inventory of existing
agreements involving the parties, but also challenges and opportunities for the
future, rendering a singular opportunity for diplomats, scholars, researchers,
students and practitioners from Europe and BRICS states to share their about
this instigating modern venue for strategic partnerships...
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This
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