The Intelligence Daily: Uncensored News

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    Economy

    India Raises Interest Rates for First Time Since 2008

    by Publisher2 March 19, 2010 International

    India’s central bank unexpectedly raised interest rates for the first time since July 2008 after inflation accelerated to a 16-month high.
    The Reserve Bank of India increased the benchmark reverse repurchase rate to 3.5 percent from a record-low 3.25 percent and the repurchase rate to 5 percent from 4.75 percent, according to a statement in [...]

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    Blackrock, the Blackwater of the Financial System

    by Publisher2 March 19, 2010 Analysis

    This month’s issue of Vanity Fair has an article on Larry Fink, the CEO of the money management firm Blackrock (which I had never heard of before reading this article) and how their management of $12 trillion in taxpayer cash makes them the single biggest yet also most shadowy financial entity in the country..
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    IMF: Europe needs agency to manage bank failures

    by Publisher2 March 19, 2010 International

    The head of the International Monetary Fund says the European Union needs to come up with “a fire brigade” to deal with the collapse of banks that operate across several countries.
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    Is China actually bankrupt?

    by Publisher2 March 17, 2010 International

    The nation has erected a complex system for magically making its debts disappear, but a look up China’s sleeve shows that its IOUs may equal its GDP.
    Is China broke?
    It seems like a silly question, right? China’s foreign-exchange reserves stood at $2.4 trillion at the end of 2009. Yes, China announced that its proposed annual budget [...]

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