BRICS Countries Beset By Economic Problems

Published on 22 Sep 2013 | Patrick Bond: Slow growth and inflation are taking a toll in developing countries

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Wealth & the Stock Market : Mark Zuckerberg experience!

Facebook founder and CEO Mark Zuckerberg at a News conference in October 2010. (Justin Sullivan/Getty Images)

Zuckerberg no longer top 10 tech billionaire

Mark Zuckerberg’s is no longer one of the world's top 10 tech billionaires; his fortune fell by $423M on Thursday to $10.2 billion. 

Facebook CEO Mark Zuckerberg is no longer one of the world's top 10 technology billionaires.

Bloomberg reported Zuckerberg’s wealth fell by some $423 million on Thursday to $10.2 billion as Facebook stock plummeted to $20.04 a share.

Mashable wrote the stock made modest gains of about 2 percent at one point in trading on Friday.

The tech website wrote the Facebook co-founder is now worth less than James Goodnight, the co-founder of SAS Institute - who replaces him as technology’s 10th-richest person on Bloomberg's Billionaires Index.

Zuckerberg owns 503.6 million Facebook shares with an option to buy another 60 million at $.06 a share. Mashable added he has "$150 million in cash and other liquid assets."

This week has been full of bad news for the 28-year-old.

On Thursday, GlobalPost reported his younger sister, Arielle, announced she will be working at rival Google.

According to the New York Daily News, Arielle works as a product manager at Wildfire Interactive, which was purchased by Google. She tweeted "Not gonna lie...This feels pretty awkward."

Original report | 3 Aug 2012

Indigenization law in Zimbabwe

Published on Jul 29, 2012 : Indigenization law makes native Zimbabweans shareholders of foreign companies.

Spain bans short-selling of market shares.

Temporary measure by stock market watchdog CNMV is prompted by volatility in country's and European markets.

Spain's stock market regulator has temporarily banned short-selling of shares owing to volatility in Spanish and European markets.

CNMV said on Monday that the ban would remain in place for three months, adding that Italy had taken similar steps.

In a short sale, investors sell stock that they do not own, betting that they can buy it back at a lower price. The investor seeks a profit by betting that the price of certain shares will fall.

Short-selling of shares has been blamed for driving down markets during the financial crisis.

The move came as the financial pressure on the recession-hit country reached a level that saw other European countries need a financial bailout.

The yield on Spain's benchmark 10-year bond spiked 0.23 percentage points to 7.46 per cent, well above the 7.0 per cent danger level for long-term funding.

Any yield over 6.0 per cent is widely seen as unsustainable for long-term funds, with 7.0 per cent the level at which Greece, Ireland and Portugal had to ask for outside help from the EU and the International Monetary Fund.

Neo Capitalism is about, Socialization of Private debts:

Shaking Spain: 'Take away people's food & homes - expect violence'

Published on Jul 20, 2012 by RussiaToday : Police have used rubber bullets and tear gas to disperse angry protesters thronging the streets of Spain. Dozens of people were injured and a number of activists detained during the latest nationwide anti-austerity demonstrations. In a major show of strength, hundreds of thousands have been taking part in the protests. People marched in 80 cities across the country to protest against more suffocating austerity which is to come. That's after the German Parliament gave the green light to the 100-billion Euro bailout for the country's battered banks. The EU's finance ministers are now expected to approve the conditions for the financial lifeline to Madrid. Carlos Delclos, a sociologist at Pompeu Fabra University, believes the situation in Spain is only going to go from bad to worse.

US banks blamed for EU debt crisis.

Uploaded by AlJazeeraEnglish on 8 Oct 2011 - US politicians, including President Barack Obama, have been calling on Europe to fix its debt crisis, amid fears it will have a negative impact on the fragile US economy. 

 But there is evidence that the Greek debt crisis began on Wall Street, at the hands of one controversial US bank. According to former financial regulators, Goldman Sachs made a dozen derivative deals with the Greeks a decade ago, writing its debt off its balance sheet for a number of years. They also say that Goldman and Greece were not the only ones working such transactions. 

 Al Jazeera's Patty Culhane investigates the morality versus legality of who is to blame for the financial crisis that is scaring the world.

Tarpley: 'US tries to destroy Euro'.

Uploaded by RTAmerica on Aug 24, 2010 - China's ownership of the United States government debt has dropped to the lowest level in at least a year, Treasury data showed, in a sign Beijing is increasingly keen to diversify out of US bonds. Webster Tarpley says that China is diversifying and has moved onto the Euro and Yen. He adds that the US was trying to shift the depression onto Europe, trying to destroy the Euro with a speculative attack on Greece, Spain, Portugal, etc.

Is Capitalism Doomed?

When "Ah Long (money lenders)" small & big, legal & illegal, together no longer give out loans. Marx "labour theory of value" gets to work!

TheRealNews on Aug 18, 2011 - Gerry Epstein comments on Nouriel Roubini's blog that "Marx was right"
 

Stocks Shopping : Advice

Apr 19, 2011 - A vicious circle in the making, a self fulfilling prophesy, all big time military industrial capitalists & small investors would want the war against terrorism to go on! A shortened video.

Standoff in Wisconsin

TheRealNews on Mar 7, 2011 - Kristine Mattis: What started as a small battle for the unions, is now a war of the working people against the corporate elite.

Brazil, Fearing Currency War, Takes Harder Edge Vs. China

Will Brazilian equities get their mojo back under new President Dilma Rousseff, who's battling a strengthening currency?

Brazil's Bovespa exchange rose just 1% in 2010 while many New York-listed stocks like energy giant Petro bras (PBR) dived, even as Brazil's hot economy jumped an estimated 7.4%. The Bovespa surged 83% in 2009, leading the way out of the global financial crisis.

With China a big buyer of Brazilian iron ore, meat, soy beans and sugar, some pundits say the Bovespa may not come roaring back until China's stocks rebound.

China's exchange shed 14% last year. Beijing is tightening monetary policy, which will cool its economy.

Rousseff, meanwhile, is aiming to take a tougher line in trade talks with China amid global currency tensions. Brazil's currency, the real, is up more than 100% against the U.S. dollar since 2003. Brazil's trade, however, has been shifting from the U.S. to China.

Investors.com  |  11 January 2011

Inside Job : a documentary on US Economic collapse.

Inside Job Examines Economic Collapse

VOAvideo | December 17, 2010 - More than two years after the U.S. government approved the $700 billion emergency bailout for the financial system, unemployment is high and housing foreclosures are still a cause for concern. Charles Ferguson's documentary "Inside Job," takes a hard look at the causes of the 2008 financial meltdown and warns there could be another recession if the Obama administration is not tougher on the U.S. banking sector and businesses it considers "too big to fail."

A revolution in the requirement of financial reporting is needed :

:: Who Benefits From Austerity ::

TheRealNews | December 08, 2010 - James Crotty: What Does Wall St. Want Out of Austerity and What Benefits Does it Gain From a Small Government?

No Rain, No Grain: Who makes money on 'food crisis' fears?

RussiaToday | September 06, 2010 - The international community's worried this year's low wheat harvest may not meet demand. Drought-stricken Russia, a major global supplier, has decided it won't be exporting any grain until the end of next year's harvest. But as RT's Staci Bivens reports, fears of a global food crisis may be exaggerated by some looking to make a profit...

Key Asian markets fall after US Fed raises discount rate

Friday, 19 February 2010  |  KUALA LUMPUR the edge : Key Asian markets fell at the midday break today, with Hong Kong the most affected after the US Federal Reserve unexpectedly raised its discount rate to 0.75% from 0.5%.

Though the FBM KLCI seemed the least affected by the rate-hike news, heavyweight Genting Bhd, Genting Malaysia and the call warrants of Genting Singapore extended their losses from the previous day.