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Sunday, 25 February 05:53 (GMT -05:00)



Business And Politics News

Trump May Turn Into Dictator, Soros Says


In case you don’t know, on January 20th, 2017, Donald Trump became the 45th President of the United States of America. This was the most expensive inauguration in the U.S. history. Donald Trump is a Republican.

 

 

 

 

 

He spent some 200 million dollars on the event. For the sake of comparison, Barack Obama spent just 124 million dollars on the same event.  The ceremony gathered the USA’s most influential politicians, including Barack Obama and his wife as well as President Trump’s rival Hillary Clinton and his husband. It’s interesting to note that the ceremony was sponsored by companies and individuals, which is something that you can rarely see in such cases. As a result, the ceremony turned out to be the most expensive inauguration in the U.S. history. The average cost per ticket was $150. However, those who paid $1.000.000 could watch everything from the VIP seats, and participate in all the events following the inauguration.
 

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In the meantime, some other Americans, including some celebrities are against Donald Trump. Some of them refused to participate in the concert dedicated to the event, including Celine Dion and Jennifer Holliday. In New York, they arranged a meeting against Donald Trump, featuring Robert De Niro, Alex Baldwin, Mark Ruffalo and some other movie stars, not to mention mass protests al around the country.
 
At the same time, George Soros, who is one of the most famous billionaires and investors in the world, belong to those who are against President Trump. To be more specific, Mr. Soros is going to stay away from President Trump since he thinks the president may become a real dictator while his ideas are controversial at best.
 

 

While being interviewed by Bloomberg during the World Economic Forum in Davos, the world-famous billionaire said that Donald Trump is a liar, and he may well become another dictator if he manages to avoid punishment. Experts day that this has to do with the uncertainty that can be felt in the air since nobody seems to know what he President Trump is going to do next. 

 

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Any Brexit Scenario Will Damage the British Economy

In practice, there can be multiple Brexit scenarios, i.e. the scenarios of how the United Kingdom will exit the European Union. Experts say that almost any scenario will damage the British economy to some extent. Moreover, there will be some economic damage to both the UK, the USA, and the EU.

Publication date: 25 December 02:48 AM

The Era of Cheap Money from Central Banks is Over

According to two major investment banks – Citigroup and JPMorgan, the days of cheap money and low interest rates are nearly gone after almost 10 years since the last global crisis. They warn us that major central banks around the globe (including the ECB, for example) are going to start toughening their monetary policies in 2018 at the fastest pace in 12 years.

Publication date: 25 December 02:05 AM

Will Bitcoin Mining Leave the World without Electricity?

It seems like people have been obsessed with cryptocurrencies. While loading up on them like crazy, they seem to have forgotten that everything has a price. When it comes to mining cryptocurrencies, this is all about the growing deficit of electricity. The thing is that all those mining farms consume tons of energy. Maintaining that cryptocurrency infrastructure is rather energy-consuming as well since all of that requires really powerful and capacious hardware, which consumes big amounts of electricity.

Publication date: 04 December 01:04 AM

Brexit and Bank Capital Outflow

Since the Brexit referendum that took place in the United Kingdom last year, European banks have already withdrawn from the UK as much as 350 billion euros. That’s reported to be the official stats provided by the European Union, The Financial Times reports.

Publication date: 30 November 01:52 PM

Fed Will Raise Interest Rate 4 Times in 2018, Goldman Sachs Experts Predict

According to the experts working for Goldman Sachs, one of the largest investment banks in the world, the U.S. Federal Reserve is probably going to raise the key interest rate 4 times next year.

Publication date: 25 November 04:05 AM

Referendum In Catalonia May Hit Europe Harder Than Brexit

The possibility of Catalonia exiting from Spain is dangerous to the integrity of the European Union, even more dangerous than the Brexit. This is what The Daily Telegraph thinks on the matter.

 

Publication date: 01 October 04:58 AM

Trump Announced Revolutionary Tax Cuts for Americans

On Wednesday, September 27th, President Trump announced a tax reform. The thing is that Donald trump promised this tax reform when making his election pledges in 2016.

Publication date: 29 September 07:51 AM

What is so precious about Ukraine for international investors? An American businessman shares his opinion

More and more international investors have been paying attention to Ukraine as a promising area for profitable investing. Cody Shirk, an American entrepreneur, traveler and investor, is now urging international investors to look at Ukraine as a country with really great investment potential, Market Leader reports.

Publication date: 27 September 03:16 AM

China’s Debt Bubble May Trigger Another Global Financial Crisis

The Chinese economy keeps on slowing down as China’s debt bubble is growing. International experts are concerned about that. They are afraid of a new global financial crisis, Market Leader reports. The thing is, the Chinese economy is not growing fast enough anymore. Beijing has to admit the economic slowdown. The entire international expert community is now closely watching this slowdown and expressing their concerns about China’s economic prospects amid the mentioned economic slowdown and inflating debt bubble.

Publication date: 25 September 12:44 PM

Why Is German Parliamentary Election Important to Europe?

Judging by the results of several sociological surveys, the chances of electing Angela Markel for the next 4 years is fairly high at the moment. Even though there is almost no intrigue in the election, the international community has still been closely watching it, Market Leader reports

Publication date: 24 September 12:55 AM