Category: Economics and Finance
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Currency Wars – Race to the Bottom
The modern day warfare has shifted from the traditional battle field to the corporate boardrooms. The decisions on who survives and who does not are taken by those who strolls the corridors of power. The battle is gauged, not by the number of soldiers felled but by the points the currency has fallen. Today, the…
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Global Recession and Responses
One of the biggest economic crises ever witnessed in history was sparked off by the fall of Lehman Brothers. Manufacturing activity in the United States (US) hit a twenty-six year low. Prices paid by manufacturers in the US to their subcontractors fell to their lowest levels since 1949. All these indicators show that the US…