Business_Finance

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The Coming Interest Armageddon

May 22, 2011 in Financial by admin | No comments

This video shows the SHOCKING figure of what our interest payments will be if we return to the rates of the 1980′s

Tags: Business_Finance, Debt

China’s export prospects: Fear of the dragon

January 7, 2010 in Financial by admin | No comments

China’s share of world markets increased during the recession.

It will keep rising

China TradeMANY people start the new year by resolving to change their old ways. Not China. On December 27th Zhong Shan, the country’s vice-minister of trade, declared that China will continue to increase its share of world exports.

Figures due out on January 11th are expected to show that China’s exports in December were higher than a year ago, after 13 months of year-on-year declines. China’s exports fell by around 17% in 2009 as a whole, but other countries’ slumped by even more.

As a result China overtook Germany to become the world’s largest exporter and its share of world exports jumped to almost 10%, up from 3% in 1999 (see chart).

China takes an even bigger slice of America’s market. In the first ten months of 2009 America imported 15% less from China than in the same period of 2008, but its imports from the rest of the world fell by 33%, lifting China’s market share to a record 19%. So although America’s trade deficit with China narrowed, China now accounts for almost half of America’s total deficit, up from less than one-third in 2008.

Trade frictions with the rest of the world are hotting up. On December 30th America’s International Trade Commission approved new tariffs on imports of Chinese steel pipes, which it ruled were being unfairly subsidised. This is the largest case of its kind so far involving China. On December 22nd European Union governments voted to extend anti-dumping duties on shoes imported from China for another 15 months.

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Tags: Business_Finance, China, International Monetary Fund, Zhong Shan

The rich get richer and the poor get poorer

April 6, 2009 in Financial, Special Reports by admin | No comments

Face to Face with Jack Etkin – Don Scott

Jack talks with Public Policy Analyst Don Scott about the current economic crisis, governmental fiscal irresponsibility and the slow, intentional disintegration of the middle class in Canada and the U.S. Mr. Scott, a former Manitoba MLA, tells it like it is and hits the nail on the head.

Full screen mode is next to volume control.

I.C.T.V. Victoria is comprised of concerned citizen volunteers whose mandate is to bring edifying and challenging topics to the public eye; topics that the mainstream media ignores or deems too intelligent for the general public. I.C.T.V.’s intention is to break this myopic stranglehold and put vital information back into the rightful hands of the public.

Tags: Business_Finance, Social Issues

America’s foreclosure plan: Can’t pay or won’t pay?

February 19, 2009 in Financial, Special Reports by admin | No comments

Barack Obama’s team wades into a debate over what is driving foreclosures

NO PART of the financial crisis has received so much attention, with so little to show for it, as the tidal wave of home foreclosures sweeping over America.

Government programmes have been ineffectual, and private efforts not much better.

Now it is Barack Obama’s turn. On Wednesday February 18th he pledged $75 billion to reduce the mortgage payments of homeowners at risk of default. Lenders who help people to refinance their mortgages will receive matching subsidies from the government. These could reduce a borrower’s monthly payments to as little as 31% of their income, and last for up to five years.

Firms that service mortgages held by investors will also receive fees for successful modifications. As a stick, Mr Obama reiterated his intention to alter the bankruptcy code so that courts can reduce mortgage principal. The details will depend on negotiations with Congress.

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Tags: Barack Obama, Business_Finance, Subprime lending