Then, on top of an increasingly worthless currency, Generation iPod also inherits about a quarter of a million dollars each in unfunded Social Security and healthcare obligations…
November 2nd, 2009 | Joel Bowman | 38 comments | ContinuedArchive for Joel Bowman
Joel Bowman is managing editor of The Daily Reckoning. After completing his degree in media communications and journalism in his home country of Australia, Joel moved to Baltimore to join the Agora Financial team. His keen interest in travel and macroeconomics first took him to New York where he regularly reported from Wall Street, and he now writes from and lives all over the world.
Dollar Up, Gold Down
Here in the Far East, the dollar is a particularly curious entity. Once upon a time, the mighty greenback was the best show in town, the “must have” ticket for the rocking Asian economies.
October 29th, 2009 | Joel Bowman | 0 comments | Continued
Dubai Ports World Set for US$4.32 Billion IPO
Two years ago, the U.S. drowned a business deal with an Arabian owned container port operator. Two days ago, the company, now the fourth largest of its kind in the world with 42 terminals in 22 nations across 6 continents, released shares in the largest initial public offering ever in the Middle East.
The history of [...]
Solar Cell Companies in Dubai Spearhead Expansion of Renewable Energy Projects in Middle East
Given the Middle East’s long and prosperous relationship with oil and gas, one could be forgiven for thinking that renewable energy may not lure many supporters here. Surprisingly, this is not the case. Numerous solar cell companies in Dubai have a proven commitment to renewable energy.
Driving alongside Knowledge Village here in Dubai, you might notice [...]
Era of Easy Credit Ends as Subprime Troubles, Mortgage Costs Increase
In matters of the heart, they say it is better to have loved and lost than to have never loved at all. We’re not sure the same can be said for matters of the wallet. After all, “money borrowed” does, at some point, demand a dutiful transformation into the more painful form of “money returned”. [...]
September 19th, 2007 | Joel Bowman | 0 comments | Continued
Worldwide Droughts Create Opportunity for Investors
Citizens of Ankara are thirsty… very thirsty. Two Fridays ago a good portion of the city’s 4 million residents took to their prayer mats, imploring divine help to solve their worsening drought crisis.
“Drought has struck the world suddenly,” said Melih Gökçek, the city’s mayor. “We didn’t presume that God would allow such a disaster… God [...]
