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  • 2y
    Juhani Huopainen Juhani Huopainen
    We can only imagine the carnage had Iceland been a member of the eurozone.
    John G Acher John G Acher
    With the economy boiling over like that, it makes me wonder how long it'll take before the Icelanders get up to some new/old tricks.
  • Editor’s Picks / 10 May 2016 at 5:49 GMT

    Chinese names dominate massive Panama Papers tax haven data leak

    Nikkei Asian Review
    Information on some 210,000 companies mentioned in the Panama Papers has been revealed. The number of businesses and individuals in China involved in setting up entities in tax havens far exceeds other countries. In total, 25,000 entities in China were revealed. The data shows the existence of global networks that often help companies and wealthy individuals avoid paying tax. Many of these networks began in Hong Kong and Switzerland. Addresses of executives and businesses named as executives or shareholders at bogus companies include some 13,000 in Hong Kong and 5,000 in Britain. Many of the addresses revealed are in countries and regions home to multinationals and wealthy individuals. About 400 are in Japan and include names that sound like major trading houses.
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  • Editor’s Picks / 04 February 2016 at 12:26 GMT

    What Google says about the US economy

    Market Monetarist
    Danish economist Lars Christensen is mostly known for having warned about the Icelandic meltdown well ahead of the fact. He still tries to make readers of his blog aware of what the future might bring. Today he looks at the US economy and what Google search term trends say about the future of the world's most important economy and hence, what they have to say about markets. Having noticed that the word "unemployment" is soaring in recent search statistics Christensen is worried and states: "This certainly is an indication of a very sharp deterioration of US labour market conditions right now." He adds that "I seriously thought that Janet Yellen was well aware of the dangers of repeating the mistakes of 1937. Apparently I was wrong."
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  • Article / 18 June 2015 at 13:00 GMT

    The clock is ticking for Greece

    Head of Macro Analysis / Saxo Bank
    The clock is ticking for Greece
    Time is running out for Greece, with a default – unlikely a few months ago – looking increasingly likely. And there is no doubt that Greece will be the main loser if negotiations with its creditors fail.
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    Juhani Huopainen Juhani Huopainen
    To the best of my knowledge, the guarantees and loans to Greece have not been included in the public debt figures of the creditor countries - they...
  • Editor’s Picks / 27 April 2015 at 6:26 GMT

    Indonesia moves up happiness ranks, Swiss top the list

    The Jakarta Globe
    Indonesia improved in its ranking in happiness, making it the 74th happiest country in the world in the 2015 World Happiness Report, published by by the Sustainable Development Solutions Network – a global initiative under the UN. Switzerland topped the list, followed by Iceland and Denmark. China came in at 84th place, while India was 117th. The report measures happiness using six variables to quantify happiness including GDP per capita, perception of corruption, healthy life expectancy and perceived freedom to make life choices. The report also measured social support variables by asking whether respondents have someone to count on in times of trouble. The generosity variable, on the other hand, is measured by recent donations.
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