The failure of Lehman Brothers is seen as the last straw that broke the credit market. The financial markets have been in a state of complete disarray ever since the U.S. Government allowed Lehman Brothers to file for bankruptcy on September 15th 2008 instead of intervening to save it, as it did with Bear Sterns […]
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Whether the global credit crunch will actually help or hurt the search for solutions to climate change is becoming a debatable issue.
Currently, the issue of climate change appears to be on the back burner as governments are focused on the financial problems that have shaken the global economy. It could be several months before politicians return to focusing their attention on long term problems like global warming.
The green economy shows signs of rebounding faster than others shaken by the global financial turmoil. There are several indicators pointing to the fact.
While we all know that there is no free lunch, reality is that very soon there might be no free water either. As both an industrial input and a prerequisite of life, water has become extremely scarce for roughly a billion people who do not have a constant supply of clean and safe water, so the issue is of extreme importance.
On September 30th, The Economist started a two-week long Oxford-style online debate on the value of water.
The proposition: “This house believes that water, as a scarce resource, should be priced according to its market value.”
As the government begins to unleash a highly criticized bailout plan for Wall Street’s toxic mortgage backed assets, it is worth taking a step back to understand how the problem actually arose.
Investing In Real Estate
It all started with real estate investing which involves the purchase, ownership and sale of real estate for profit. Real estate is an asset form with limited liquidity relative to other investments, it is also capital intensive (although capital may be gained through mortgage leverage) and is highly cash flow dependent. The primary cause of investment failure for real estate is that the investor goes into negative cash flow for a period of time that is not sustainable, often forcing them to resell the property at a loss or go into insolvency.
Mitsubishi UFJ Financial Group Inc., Japan’s largest bank, will inject 900 billion yen ($8.4 billion) into Morgan Stanley to help it transition to a bank holding company. Goldman Sach’s strategy is slightly different albeit with the same ultimate objective i.e. to become a commercial bank. According to Bloomberg, Goldman already has in excess of $20 billion in customer deposits in two subsidiaries and is creating a new one, GS Bank USA, that will have more than $150 billion of assets, making it one of the 10 largest banks in the U.S.
Ensuring food safety and protecting health is one of the prime duties of every government, whether in a developed country or in a developing one. Accordingly, the WTO Agreement on Sanitary and Phytosanitary Measures (SPS) has conferred upon every sovereign member of the WTO the right to set its own standards in the import of […]
This is a guest post by Puspa Sharma, MA Candidate in Global Finance, Trade and Economic Integration at the Josef Korbel School of International Studies, University of Denver. Exponential increases in food prices in recent times have created enormous challenges to governments, national and international organizations, and aid agencies everywhere in the world. The World […]
America has money scorching a hole in her pocket. Like many a college student with a credit card, Lady Liberty is racking up charges she knows she can’t pay when the bill comes in at the end of the month. Her spending far exceeds her income and, by the end of 2009, the amount of […]