1. Russia's economy is the 10th largest in the world, producing little of value beyond hydrocarbons. Corruption and rent-seeking extract an enormous economic toll. It remains burdened with Soviet era infrastructure, and its ability to meet the educational and medical needs of its population is rapidly declining.
4. Though the Dutch financial markets then had none of today’s technology, they employed many of the same practices that traders use today. Investors bought securities, sometimes borrowing money with loans secured by the shares they were buying. In today's language, they bought shares on margin. Lenders protected themselves by demanding a “haircut” – collateral in cash or securities that exceeded the loan amount by a specified percentage. If the value of the securities dropped below that specified percentage, the lender would demand that the investor put up additional money to stay in line with the haircut. If the investor couldn’t come up with the added margin, the lender was entitled to liquidate the securities and recoup the loan amount.
5. The state-sponsored purchasing managers' index fell from 50.8 in October to 50.3 in November, the lowest reading since March. Any level above 50 indicates expansion.
1. The second chart shows the real federal funds rate (ie discounting for inflation) and the real natural rate. Again, when the federal funds rate is above its natural rate, EM crises are more common.
4. Screengrab taken on January 11, 2015 from a video released on Islamist social networks shows a man claiming to be Amedy Coulibaly, who killed four hostages after seizing a Kosher supermarket in Parison January 9, 2015 (AFP Photo/)
5. "It's a great conservation success story."
6. A heartfelt coming-of-age story that perfectly captures the bittersweet transition from adolescence to dawning adulthood...
1. “An employee bragged to all his colleagues that it was his last day, but failed to let his boss or the HR manager know.”
China’s forex reserves — the world’s largest — have long been seen as the ultimate guarantor of financial stability, since they can be used to hedge against capital flight or to bail out domestic financial institutions struggling with a rise in bad debts.
里奥斯工作非常努力。她很小的时候就从萨尔瓦多来到了美国。以优异成绩从高中毕业后，她一边养家，一边读完大学。成立Nation Waste Inc.公司的时候，她并没有感到害怕。22岁的时候，里奥斯刚刚从休斯敦大学（the University of Houston）毕业几个月就贷款购买了两辆卡车，毅然投身由男性主导的垃圾处理行业。目前，这家位于休斯敦的公司有24名全职员工。里奥斯说：“回头看看过去的经历，总是让我感到吃惊。我很小的时候就跟着父母来到美国，现在我正在实现我的美国梦。”