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When the global economy hit the wall in 2007-08 (i.e. sub-prime mortgage debacle in 2006 followed by the 2008 global credit mayhem, originated in the U.S. before spreading to Europe as sovereign debt crisis), an extensive research by economists, scholars and academia compared and contrasted the...
Persistent link: https://www.econbiz.de/10012833643
Bitcoin blockchain possesses immense potential for future opportunities, well beyond its current use in financial services underpinning cryptocurrencies, i.e. replacing traditional trusted third parties with trusted machines. Despite over a decade has passed since Nakamoto Satoshi launched...
Persistent link: https://www.econbiz.de/10012823049
One microscopic coronavirus has done what US sanctions, tariffs, embargoes, trade war, and the use of dollar as a weapon of economic destruction have failed to accomplish. The COVID-19 pandemic shock has caused unconceivable damage; 200,000 stolen lives in the U.S. (and close to 1 million in the...
Persistent link: https://www.econbiz.de/10012823505
The propagation of high-magnitude crises since the late 1990s have cost over $30 trillion and pushed about one percent of the world population into poverty. In the aftermath of the 2008 global financial crisis, the worst financial catastrophe of the 21st century, accelerated the speed of money's...
Persistent link: https://www.econbiz.de/10012864964
Basel II and III standards are a regulatory consequence following two major crises in systemic nature, the homegrown Asian crisis of 1997-98 and the global financial crisis of 2007-08. Basel I, despite high expectations and claims by the Basel Committee, failed to prevent the following financial...
Persistent link: https://www.econbiz.de/10012868776
Global warming is likely to have unimaginable disruptions in every aspect of human life by 2050 if some actions are not taken immediately to reduce its fast acceleration. Since the Industrial Revolution (1900s), the global mean surface temperature has warmed up approximately +0.8 °C (1.4 °F)...
Persistent link: https://www.econbiz.de/10012860703
Metaphorically speaking, prior to the man-created dollar virus leaked from the 1944 Bretton Woods Conference (i.e. the virology lab), financial crises were termed as a panic and the Panic of 1907 was the last financial crisis termed this way. The roaring 1920s (equity and housing bubbles in the...
Persistent link: https://www.econbiz.de/10013290947
Since a mysterious creator under the alias Satoshi Nakamoto (a pseudonym) launched first successful cryptocurrency in January 2009, he (or could be she) also opened the door for never-ending criticism, claims, arguments, plethora of articles, and media frenzy all contemplating what Bitcoin is....
Persistent link: https://www.econbiz.de/10013322461
Innumerable factors contributing to global warming is nothing of new, but increased human-induced greenhouse gas emissions resulting from the burning of vast amounts of fossil fuels have pushed the Earth's natural systems (balanced carbon cycle) out of balance causing extreme climate changes in...
Persistent link: https://www.econbiz.de/10012846489
President Trump’s following remarks are insanely far from being serious "With this invisible enemy, we don't want airlines going out of business, we don't want people losing their jobs and not having money to live when they were doing well four weeks ago". His advisors must show him the latest...
Persistent link: https://www.econbiz.de/10014096988