Global Intelligence
Banks have warned that if the Fed lowers the deposit rate on deposits they hold at the Fed (currently .25%) they would need to pass on the cost to the end user (depositor) to cover costs of Federal Insurance (FDIC) and other overhead costs associated with holding deposits. Passing on fees to customers would likely […]
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A risky maneuver of the melted Fukushima Daiichi reactor could cause a significant risk for uncontrolled global nuclear radiation, say experts: After repeated delays since the summer of 2011, the Tokyo Electric Power Company has launched a high-risk operation to empty the spent-fuel pool atop Reactor 4 at the Dai-ichi (No.1) Fukushima Nuclear Power Plant. […]
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Apparently, 2170 people control more wealth than twice the GDP of the United States, supposedly the most economically strong country in the world. Their wealth has increased by 60% since 2009. They largely operate behind the scenes, but considering their economic influence, they should not be disregarded as just benefactors of a good economy. If […]
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Due to the spotlight being shined on large banks accused of manipulating the Forex market, traders are noticing and recording ‘odd’ events that would be too much of a coincidence to happen by chance. An anonymous Zero Hedge author notes: With regulators finally catching on that banks are manipulating every asset class, the largest of […]
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Since when have content restrictions become normal? China imposes a ‘great firewall’ on users where many sites such as blogger.com are completely blocked. Is it more scary to realize that the site you are viewing may display different content based on your IP, or not at all? Fortunately there is a solution, VPNs and proxy […]
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The Soviets had an expression about the paradoxes in the Capitalist West, that they would sell each other nooses to kill themselves. It appears that due to the transformation of the educational system to a market based system, and less so of an abstract academic, intellectual nature (where students pay and expect to get a […]
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In typical Fedspeak, the Fed has said absolutely nothing while discussing tapering, saying that they may taper if conditions warrant, with an unknown amount. *FOMC SAW `SEVERAL SIGNIFICANT RISKS’ REMAINING FOR ECONOMY *FED TAPER LIKELY IN COMING MONTHS ON BETTER DATA, MINUTES SHOW *METLIFE FOUNDATION, SESAME WORKSHOP PARTNER TO PROVIDE FINL *FOMC SAW DOWNSIDE RISKS […]
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As the crisis forces local governments to seek new sources of revenue, due to a deteriorating financial situation for many of them, facing bankruptcy or worse; local governments are getting creative. Some have imposed strange new taxes, but many have fallen back on the age old industry; gambling. Gambling has had an interesting history in […]
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A panel of IT experts recommended that Americans do not use the healthcare.gov website due to security flaws that could lead to identity theft or worse. The experts said they’ve ‘never seen anything like it’ and that it would be easy for a hacker with basic knowledge to break into the site, stealing private […]
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With the recent attention to Bitcoin, GIH has been researching how the process of Bitcoin works. The team has read many articles about it and even suggested to investors to invest in it more than 6 months ago. The Bitcoin community has grown with the price. In the beginning, it was a small group of […]
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