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Global Financial Crisis Hits Mongolia's Grasslands : NPR
Financial Crisis On Mongolia's Steppes The International Monetary Fund has declared the worst of the global recession over, but in some places the ripples of the financial crisis are still reverberating. In Mongolia, the crisis hit later than in the United States. And the global plunge in commodity prices — especially of copper, metals and wool — is still having a huge impact. On horseback, Dalantai Khatanbaatar and his 7-year-old son canter across the windswept Mongolian plain, rounding up their animals. Like 40 percent of the country's population, Khatanbaatar is a herder.The act of giving money, property or other material goods to a another party in exchange for future repayment of the principal amount along with interest or other finance charges. A loan ... Read More » The act of lending money at an interest rate that is considered unreasonably high or that is higher than the rate permitted by law.
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Asian and European stocks staged a relief rally on news that Abu Dhabi will provide $10 billion in financing to struggling state-owned Dubai World By Haris Anwar (Bloomberg) — Abu Dhabi provided $10 billion to help Dubai World, the state-owned holding company, avoid defaulting on a $4.1 billion bond payment that roiled global financial markets during the past month. Dubai World will use the money to cover debt of real-estate unit Nakheel PJSC that comes due today.
Dubai World Gets $10 Billion from Abu Dhabi - BusinessWeek
In fact, Mr. Morefield, 29, is no politician, but an architectural designer looking for work. He was seated at a homemade wooden stand under a sign reading “Architecture 5¢,” with a tin can nearby awaiting spare change.
Out-of-Work Architects Turn to Other Skills - NYTimes.com
Edward L. Glaeser is an economics professor at Harvard. In the public arena, economists are used to playing Scrooge. It is our job to throw cold water on flights of public folly that cost taxpayers billions of dollars and create little value. But the dismal science is more forgiving toward private fancies because much of economic theory is predicated on the assumption that consumers can make decent decisions for themselves. We are typically unwilling to criticize private purchases, no matter how absurd, as long as the purchases impose few costs on others.
In Defense of Holiday Gift-Giving - Economix Blog - NYTimes.com
Alchemists Screwed As Lead Outperforms Gold In 2009
Bad news for alchemists who are in the business of transmuting lead into gold. They made the wrong trade in 2009. It turns out, according to Bloomberg , that lead outperformed the shiny metal, having gained 145% compared to gold's kind of pathetic 24% rise. That's quite a big disparity when you consider, too, that the elements are just three protons apart.
A Novel Idea to Keep Students in College: Failure Insurance - St
By David Glenn Imagine a first-generation college student whose high-school preparation was less than ideal. She has just finished her first semester, and she realizes now that college is going to be tougher than she had hoped. She failed one course and struggled to earn C's in her other subjects. She worries that she'll eventually flunk out, and she wonders whether she should walk away now before she accumulates any more student debt. But what if she could hedge her risks by buying a "failure insurance" policy that would reimburse her for a portion of her student-loan debts if she did flunk out?
Prediction markets (also known as predictive markets , information markets , decision markets , idea futures , event derivatives , or virtual markets ) are speculative markets created for the purpose of making predictions. The current market prices can then be interpreted as predictions of the probability of the event or the expected value of the parameter. For example, a prediction market security might reward a dollar if a particular candidate is elected, such that an individual who thinks the candidate had a 70% chance of being elected should be willing to pay up to 70 cents for such a security. People who buy low and sell high are rewarded for improving the market prediction, while those who buy high and sell low are punished for degrading the market prediction.
Prediction market
Welcome to Cantor Exchange Cantor Futures Exchange is a Designated Contract Market (DCM) regulated by the Commodity Futures Trading Commission (CFTC). Cantor Exchange is a direct-access marketplace where individual investors become Participants of the exchange. Cantor Exchange is a subsidiary of Cantor Fitzgerald, a leading global financial services firm.
Cantor Exchange
simExchange
The simExchange uses the Wisdom of Crowds to predict the upcoming best selling and top rated video games. In this stock market for video games, use virtual money to buy stock in games you think will sell more than currently predicted. Sell stock in games you think will sell less than predicted.
Wholly owned and operated by Smarkets (Malta) Limited (Reg No: C 44795) of 28/19 Strait Street, Valletta, Malta under license LGA/CL3/492/2008 issued May 12th, 2009 and regulated by the Lotteries and Gaming Authority . Please gamble responsibly.
Smarkets
Intrade Prediction Markets
We have created a scoreboard to keep you fully up-to-date with the battle for the 2012 Republican Presidential nomination, plus the upcoming Republican primaries and caucuses. Click on the GOP Nomination above to see who the market leaders are. You can also buy and sell shares for any of the candidates to win any of today's contest directly from scoreboard.Proudly made in America, United States coin and currency exhibit the strength, security, confidence and excellence that are the hallmarks of our nation.
Engraving & Printing
I have something un-American to confess: I rent an apartment, despite having enough money to buy a house. I plan to keep renting for as long as I can. I'm not just holding out for better prices. Renting will make me richer. I normally write about stocks for SmartMoney.com, but the boss asked me to explain to readers my reason for renting. Here goes: Businesses are great investments while houses are poor ones, so I'd rather rent the latter and own the former.