7 August, 2014 by The TZ Newswire Staff Comments Off on Federal Reserve Tapering Part I: Emerging Market Currency Performance
Federal Reserve Tapering Part I: Emerging Market Currency Performance
On December 18, 2013, the Federal Reserve (Fed) announced that it would begin to reduce the pace of its asset purchase program through a series of gradual steps referred to as “tapering”. When this program was first hinted at some seven months prior, U.S. interest rates rose rapidly through the end of the year, and many emerging market (EM) currencies fell in value against the U.S. dollar.
7 August, 2014 by The TZ Newswire Staff Comments Off on Many families still struggling from recession: Fed
Many families still struggling from recession: Fed
Many U.S. families feel they are under economic stress in the aftershock of the Great Recession, a Federal Reserve report says.
7 August, 2014 by The TZ Newswire Staff Comments Off on Hawaii rattled by quake as hurricanes near
Hawaii rattled by quake as hurricanes near
The U.S. Geological Survey reports a magnitude 4.3 earthquake has rattled Hawaii’s Big Island, as two hurricanes rumbled toward the islands.
7 August, 2014 by The TZ Newswire Staff Comments Off on Somebody Get Axel Kicillof An American Civics Textbook
Somebody Get Axel Kicillof An American Civics Textbook
That way, the next time the Argentine economy minister/negotiator extraordinaire gets huffy about why Barack Obama doesn’t just fire U.S. District Judge Thomas Griesa, or take a page from a previous Argentine regime and make him disappear or something, he can just look “separation of powers” up in the index and turn to the relevant…
7 August, 2014 by The TZ Newswire Staff Comments Off on Asian values
Asian values
Here’s an interesting news story:
New revisions to the code of behavior for primary and middle school students no longer require them to “love the Chinese people and love the Communist Party of China (CPC).”
. . .
As well as taking out the demand to love the Party and the public, the new code has also erased general phrases about self-respect and confidence and replaced them with more specific directives.
7 August, 2014 by The TZ Newswire Staff Comments Off on Exxon evacuates Iraqi Kurdistan as tension escalates
Exxon evacuates Iraqi Kurdistan as tension escalates
Exxon is evacuating staff from Iraq’s autonomous Kurdistan region as the radical militants of the Islamic State advance towards its capital.
7 August, 2014 by The TZ Newswire Staff Comments Off on Mexico oil a boon for Exxon, BP as frontiers teeter
Mexico oil a boon for Exxon, BP as frontiers teeter
Mexico’s vote on rules for the end of its 76-year state-oil monopoly couldn’t come at a better time for global energy companies from Exxon Mobil Corp. (XOM) to Royal Dutch Shell Plc. With reserves holding $1.3 trillion of crude at yesterday’s prices, Mexico offers a new opportunity for deep-pocketed producers as well as pipeline and power companies to try and mimic an energy revolution that has spurred U.S. oil output to a 26-year high and pushed Canadian production to records.