Dilemma X

First China-CELAC Forum ministerial meeting starts in Beijing Xinhua BEIJING- The first ministerial meeting of the Forum of China and the Community of Latin American and Caribbean States (CELAC) began in Beijing on Thursday, January 8, 2015. Chinese President Xi Jinping, Costa Rica President Luis Guillermo Solis, Ecuador President Rafael Correa Delgado, Venezuela President Nicolas […]

NFL: St. Louis Rams owner Stan Kroenke plans to build a football stadium in Inglewood, California CBS Los Angeles The NFL could be returning to Los Angeles thanks to a new partnership that will build a stadium and massive entertainment complex in Inglewood. Stan Kroenke, who bought a 60-acre lot between The Forum and Hollywood […]

India becoming third largest world economy India largest in Commonwealth by 2018, 3rd in world by 2024 The 2014 ranking puts the US first, followed by China, Japan, Germany, the UK, France, Brazil, Italy, India and Russia, in that order. Joe Fernandez Free Malaysia Today KUALA LUMPUR- The latest edition of Cebr Global’s World Economic […]

The Obama Economy: Dow Jones Industrial Average hits 18000 for first time ever The Dow Jones Industrial Average closed above 18,000 for the first time on December 23, 2014, capping a run that saw the index tack on 1,000 points in only six months. This is fifth straight session of gains for the Dow. -Source: NBC News […]

Morocco’s planned Al Noor Tower- Africa’s tallest skyscraper at 540 metres (1771.65 ft) Casablanca’s newest landmark By John O’Ceallaigh Telegraph (UK) Visitors to Casablanca typically explore its famed Hassan II mosque and medina, but that could change following the announcement of plans to build Africa’s tallest skyscraper in the Moroccan city. Dubai-based developers Middle East […]

Cuba: Afro-Cubans could gain from new trade relations with the U.S.  A brief history of Black Cubans President Obama moves to undo the 54-year-old United States trade embargo against Cuba, using broad executive power to lift restrictions on travel, commerce and financial activities. The U.S. Census Bureau reports there are 2,013,155 Cuban-Americans (2013). The majority of Cubans who […]

Wealth inequality has widened along racial, ethnic lines since end of Great Recession BY Rakesh Kochhar and Richard Fry Pew Research Center The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families. But even as the economic recovery has begun to mend […]

Ethiopia plans debut dollar-bond joining Ghana, Kenya By Lyubov Pronina Bloomberg Ethiopia plans to sell its first dollar bond as Africa’s fastest-growing economy exploits record demand for the continent’s debt. Ethiopia picked Deutsche Bank AG and JPMorgan Chase & Co. for fixed-income investor meetings in Europe and the U.S. beginning tomorrow, according to a person […]

China Railway Construction wins $12 billion Nigeria deal The $11.97 billion deal marks China’s largest single overseas contract project so far, it said, citing CRCC. The rail will link Lagos, the financial capital of Africa’s largest economy and leading oil producer, and Calabar in the east Reuters BEIJING- China Railway Construction Corp. Ltd. (CRCC) has […]

Argentina receives second currency swap from China Reuters BUENOS AIRES – Argentina’s central bank on Monday, 17 November 2014 received the second installment of a currency swap from China worth $500 million at a time when the South American country is battling to shore up its ailing foreign reserves. In default on its debt and […]