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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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The “Peak Oil” concept — that the world’s petroleum-production rate will soon reach its maximum and commence an inevitable decline, with negative economic consequences — has been around in scientifically articulated form at least since 1998; long enough to see it confirmed in significant ways.
The rate of discovery of new oilfields has been falling since [...]
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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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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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