29 December, 2015 by The TZ Newswire Staff Comments Off on Crude oil prices drop more than 1 percent as weak outlook prevails
Crude oil prices drop more than 1 percent as weak outlook prevails
Crude oil futures fell around half a dollar early on Wednesday as the market remained under pressure from slowing demand and high supplies, while forecasts that a cold snap in Europe and the United States would be short-lived also hurt prices. Crude prices have plunged by two-thirds since mid-2014 as soaring output from the Organization of the Petroleum Exporting Countries, Russia and the United States led to a global surplus of between half a million and 2 million barrels per day. More recently, a slowing demand outlook, especially in Asia but also Europe, has started dragging on prices.
29 December, 2015 by The TZ Newswire Staff Comments Off on Paul Craig Roberts: Why World War III Is On The Horizon
Paul Craig Roberts: Why World War III Is On The Horizon
Authored by Paul Craig Roberts,
The collapse of the Soviet Union in 1991 gave birth to a dangerous American ideology called neoconservativism. The Soviet Union had served as a constraint on US unilateral action. With the removal of this constraint on Washington, neoconservatives declared their agenda of US world hegemony. America was now the “sole superpower,” the “unipower,” that could act without restraint anywhere in the world.
29 December, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Trade may benefit from Japan, South Korea ‘comfort women’ agreement
The Wall Street Journal: Trade may benefit from Japan, South Korea ‘comfort women’ agreement
The resolution of the dispute between Japan and South Korea over wartime sex slaves removes one impediment to trade and investment between the two countries.
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29 December, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: Asian stocks, led by Australia, mostly gain as oil prices rebound
Asia Markets: Asian stocks, led by Australia, mostly gain as oil prices rebound
Markets in Asia rose Wednesday as a recovery in oil prices lifted energy shares.
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29 December, 2015 by The TZ Newswire Staff Comments Off on McDonald’s Corp.’s Worst Menu Item in 2015
McDonald’s Corp.’s Worst Menu Item in 2015
We identify McDonald’s Corp.’s worst menu item this year — from a financial standpoint, that is.
29 December, 2015 by The TZ Newswire Staff Comments Off on How The U.S. Dollar Spread Across The World
How The U.S. Dollar Spread Across The World
The U.S. dollar is currently accepted as the world’s reserve currency, but it hasn’t always been this way. Reserve currencies change depending on macroeconomic trends: typically, the reserve currency belongs to the world’s most stable and influential economy.
As HowMuch.net notes, the U.S. dollar has been the official reserve currency since the end of World War II, when the world’s powers agreed to implement the Bretton Woods System, officially setting the U.S. dollar as the anchor currency that could be exchanged at a fixed rate for gold.
29 December, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Midwest floodwaters threaten towns; at least 18 deaths reported
The Wall Street Journal: Midwest floodwaters threaten towns; at least 18 deaths reported
Rare winter flooding hit sections of the Mississippi River on Tuesday, topping levees near St.