Dilemma X

Judge approves Detroit’s plan to exit bankruptcy By Monica Davey and Mary Williams Walsh The New York Times DETROIT — Less than 16 months after Detroit became the largest city in the United States to file for bankruptcy, a federal judge on Friday approved a plan intended to help it escape years of financial ruin […]

China launches direct currency trading with Singapore Xinhua BEIJING — China on October 27, 2014 announced direct trading between the renminbi and Singapore dollar beginning Tuesday October 28, marking another step toward internationalizing the Chinese currency. The announcement by China Foreign Exchange Trading System (CFETS) extended the yuan’s list of direct onshore trade to more […]

China launches World Bank rival in Asia-Three major nations absent Asian Infrastructure Investment Bank Reuters SHANGHAI (Reuters) – Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s $50 billion Asian Infrastructure […]

Urban Land Institute’s 2015 real estate markets to watch Real estate investment is not immune to the economic laws of supply and demand; and as more capital flows into the asset class, two main scenarios present themselves. The first is that competition for desired assets increases, driving up prices and lowering returns. The second is […]

China overtakes U.S. to become world’s largest economy, says International Monetary Fund Chris Giles Financial Times We all know the world economy is changing. We know it is changing fast. But do we really know how fast? Read on. In the spring, the International Comparison Programme calculated new exchanges rates for comparing output of different […]

NCAA Division I: Big Ten Acts to Support Student-Athlete Graduation Aid will neither be reduced nor cancelled during course of enrollment. If pursuit of degree is interrupted, student-athlete is welcome back. Source: Big Ten ROSEMONT, Ill. – Big Ten directors of athletics, senior woman administrators and faculty representatives met Oct. 6 and 7 at the […]

Los Angeles: Light Rail construction started on a nearly two-mile Metro regional connector KCBS Los Angeles LOS ANGELES- Crews have started construction on a nearly two-mile Metro regional connector that will eventually allow passengers to take a single trip to reach far-flung suburbs from Azusa to Long Beach. Mayor Eric Garcetti and U.S Secretary of […]

China approves 2 more private banks Xinhua BEIJING- The China Banking Regulatory Commission (CBRC), the country’s banking regulator, said Monday in two statements that it has approved another two private banks, with one in Shanghai and the other in Zhejiang Province. On July 25, the CBRC approved the establishment of three private banks, including Webank, […]

Etihad Airways showed off its first A380 superjumbo Etihad Airways and Airbus celebrated the roll out of Etihad Airways’ first A380, featuring the elegant new ‘Facets of Abu Dhabi’ livery design. The new design is unveiled to representatives of the world’s media at a ceremony at the Airbus Finkenwerder facility in Hamburg, Germany. Etihad has […]

Tanzania seen luring IPOs as state scraps foreign cap By Alawi Masare and Neo Khanyile Bloomberg Tanzania, which has Africa’s best-performing stock market, lifted controls on foreign-share ownership, making it more enticing for companies to consider initial public offerings. The removal of restrictions on foreigners owning more than 60 percent of companies that trade on […]