22 March, 2015 by The TZ Newswire Staff Comments Off on The Web: Destroyer or Savior of Culture, Pay and Employment?
The Web: Destroyer or Savior of Culture, Pay and Employment?
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The cost of creating and distributing content has fallen to near-zero, and that is not going away.
Last month I explored the contentious question, Is the Web Destroying the Cultural Economy? In my recent video discussion with analyst Gordon T. Long, we expanded this question to pay (earned income) and jobs, i.e. is the Web eroding pay and jobs?
22 March, 2015 by The TZ Newswire Staff Comments Off on Craig Stephen’s This Week in China: What China’s ‘new normal’ means for commodities
Craig Stephen’s This Week in China: What China’s ‘new normal’ means for commodities
China was once the supreme buyer of the world’s natural resources, but this era is now coming to an end, and Craig Stephen looks at the implications.
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22 March, 2015 by The TZ Newswire Staff Comments Off on Asian shares fueled by Wall Street’s rise on weaker dollar
Asian shares fueled by Wall Street’s rise on weaker dollar
Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel solid gains on Wall Street. Crude oil slipped on Monday after strong gains in the previous session as it benefited from the dollar’s descent.
22 March, 2015 by The TZ Newswire Staff Comments Off on U.S. court authorizes Citigroup to process Argentine bond payments
U.S. court authorizes Citigroup to process Argentine bond payments
Citigroup Inc said it has been authorized by a U.S. judge to process two Argentine debt payments, the bank said, which could ease tensions between the bank and the default-hit nation. The U.S. bank, which acts as custodian of some Argentine bonds, has been embroiled in a court battle between the South American country and a group of New York-based hedge funds seeking full payment on their defaulted sovereign bonds. A potential resolution may have moved closer after a ruling by the U.S. District Court for the Southern District of New York on Friday.
22 March, 2015 by The TZ Newswire Staff Comments Off on OPEC won’t bear burden of propping up oil price: Saudi minister
OPEC won’t bear burden of propping up oil price: Saudi minister
OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia’s oil minister said on Sunday, signaling the world’s top petroleum exporter is determined to ride out a market slump that has roughly halved prices since last June. Last November, Organization of the Petroleum Exporting Countries kingpin Saudi Arabia persuaded members to keep production unchanged to defend market share. The move accelerated an already sharp oil price drop from peaks last year of more than $100 per barrel that was precipitated by an oversupply of crude and weakening demand.
22 March, 2015 by The TZ Newswire Staff Comments Off on Short-Term Trend, Breadth and Intermarket Analysis
Short-Term Trend, Breadth and Intermarket Analysis
Stocks finished the week strong with QQQ, MDY and IWM leading the way. Large-caps also finished strong as the Dollar fell. Eight of the nine sectors finished higher. The Materials SPDR (XLB) was the only sector to finish lower on the week and show relative weakness. Regional Banks showed relative weakness as well because the Regional Bank SPDR (KRE) only gained .07%. It appears that regional…
22 March, 2015 by The TZ Newswire Staff Comments Off on Is It Racist? Starbucks Gives Up Trying To Solve America’s ‘Other’ Great Divide
Is It Racist? Starbucks Gives Up Trying To Solve America’s ‘Other’ Great Divide
Just as The Fed folded this week on ending the nation’s booming income inequality problem (by reinforcing the Yellen put for longer), so Starbucks has folded in its effort to fix the other growing divide in America – racism. Careful not to admit that it was due to pressure from the avalanche of less-than-positive social media reactions, AP reports Starbucks baristas will no longer write “Race Together” on customers’ cups.