Tag / finance
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Another Europe
The 2008 financial crisis threw European economies into turmoil and caused state debt to rise precipitously. The bureaucracy of the European Union in Brussels concluded that righting economic imbalances required indebted governments to implement harsh “austerity” policies. European states needing financial support or debt relief from the rest of the Eurozone were thus ordered to…
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Icarus: Plight of the Bitcoin Investor
BY ARI MOSES One Saturday afternoon in 2009, a group of tech-savvy friends and colleagues were talking about how they could revolutionize the technology world. After much debate, they finally decided on creating a crypto currency with layered encryption, untraceable e-addresses, and open sources, all the while being unregulated by any monetary regulatory institution. It…
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The Gift of Capital: The Rise of Eastern Investment or the Fall of an Economic Order
BY ARI MOSES While Western banking institutions have traditionally dominated global commerce, Middle and Far Eastern nations are catching up as they develop stable economies with international presence. The rapid economic growth of BRIC (Brazil, Russia, India, China) nations, especially China, has recently enabled emerging powers to support struggling nations throughout the Eurozone and in…
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Shattering the Façade: The Burgeoning Oil Cities of the Middle East
To the casual onlooker, the new, exploding cities of the Middle East, such as Dubai, are 21st century marvels that defy the growth patterns of traditional Western cities. The sleek architecture coupled with the finest contemporary construction materials leave the impression that these new cities will eclipse New York and London as the financial hubs…
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The Break Up
On Wednesday, November 2nd and Friday, November 4th, WashU students held events entitled “Break up with BofA,” encouraging students to get out of what they called an “unhealthy relationship” with Bank of America. The protests were led by a student from “Occupy WashU” and, for some reason, by members of Green Action. The flyers passed…
