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Tuesday, 18 December 20:28 (GMT -05:00)



Business And Politics News

Trump Wants More Control Over the Fed Since It's Too Independent


Donald Trump seems to have confirmed his authoritarian style of governing the state. If he has his way, he would probably turn himself into a king instead of a president. What are the reasons to think this way about the American president?
 
Since coming to big politics from big business, Donald Trump have been dreaming of running the whole country the way he has always run his business. However, the reality seems to have proved to be different. The U.S. political system is built the way that no one can be the king in there. Even though the president does have a lot of power, the power is not absolute. Apparently, Donald Trump wouldn't mind getting the same amount of power that Arabian monarchs or Russian President Putin have. Even though Donald Trump have been criticizing Russia, he still seems to have a lot of respect to Putin, not as a person but as a leader who succeeded to built a strict political hierarchy. 
 
Not so long ago, the Internet was shocked by another statement made by Donald Trump. This time he claimed that his power and the entire American economy had been jeopardized by the Federal Reserve. He hinted at his desire to gain more control over this rather independent financial institution. Donald Trump indded thinks that the Fed is too independent. he doesn't like that the Fed keeps on raising the interest rates while he cannot prevent this by any means.  
 
For those fo you who don't know the Federal Reserve is literally the USA's central bank since it basically does the same that other central banks all around the world do on a regular basis. Even though this is a private insituation, the U.S. government still has some control over it. In particular, the Fed's Chairman is appointed by the government. On top of that, the Fed is supervised by the U.S. Congress, which can change the Fed's duties at any time. 

 

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USA Strikes Iran Again

As you probably know, a couple of weeks ago, the United States imposed a new round of sanctions on Iran. International experts say that the package includes 700 new points, including an embargo on the import of crude oil from Iran. It's interesting to note that the sanctions will touch upon some other states as well. Some temporary exception are said to have been maid for 8 partners of the USA.
Publication date: 29 November 12:04 PM

Trump Offers Putin to Compete for Multi-Polar World, Eggert Says

According to Konstantin Eggert, a Russian journalist writing for Deutsche Welle, Donald Trump is offering his Vladimir Putin to compete for a multi-polar world, but on American terms. In particular, he highlights the fact that many international experts started panicking when finding out that the USA had withdrawn from the missile control treaty with Russia. They say that this is the end of the strategic partnership between the United States ans Russia and the disruption of the nuclear arms control system created decades ago.

Publication date: 29 November 11:07 AM

The world is on the verge of another global race

International experts are commenting on the events taking place over the last few years. In particular, President and CEO of Atlantic Council Frederik Kempe believes that we are nearing another race between the world's biggest superpowers.
Publication date: 07 November 09:02 AM

Google Introduces Home Hub for $149

Google Corporation has released a couple of new devices, including several smartphone and a display named Home Hub. For those of you who don't know, Home Hub was introduced a couple of days after Facebook launched its first gadget - a smart screen. This device is designed to consume audio and video content from certain resources. It support voice control and is adjusted to the user's location. So, what is so special about Google Home Hub?

Publication date: 31 October 10:16 AM

New Sanctions May Drop Russian GDP

International experts are convinced that the near-term prospects of the Russian economy depend heavily on whether the USA expand the anti-Russian sanctions. They say the worst-case scenario is a 2.5% GDP drop.
Publication date: 29 October 11:14 AM

Russian Stocks Go Down Along With American Indexes

 Not so long ago, Russian stocks started going down in value. International experts say that this downtrend was mostly caused by external reasons. In particular, Russia's bigest stock index showed the biggest bearish move since April 2018. Back then, the Russian stock market used to be rather volatile because of the anti-Russian sanctions imposed on Russia by the United States.


Publication date: 28 October 11:49 AM

Crude Oil Prices May Reach $100/b

Ever since the United States imposed new sanctions on Iran, other oil exporters have been trying to make up for the decline in the international oil supply. Some experts are now predicting a strong trend all the way up to $100 per barrel. 

Publication date: 25 September 11:51 AM

New Anti-Russian Sanctions Will Slow Russian Economy Down, Kudrin Says

The new package of anti-Russian sanctions is expected ot be imposed by the United States in November. Apparently, this is not expected to become a disaster ofr the Russian economy, but it still may slow down the economic growth in Russia as well as the the flow of foreign investments to the country. This is what ex-Finance Minister of Russia Alexey Kudrin thinks on the matter.

Publication date: 19 September 12:10 PM

Cryptomarket Quickly Recovered From the SEC's Decision

The global market of cryptocurrencies quickly recovered from the downtrend after the SEC decided to ban the creation of Bitcoin ETFs.

Publication date: 24 August 10:00 AM

Ulysse Nardin Watch in Elite Lombard: Quality Dictated by Time

Elite Lombard has been operating in Moscow since 2003. It was founded by a team of experts with many years of expertise in the industry.

Publication date: 21 August 07:47 AM