Global Economy

Global Economy

China and Rare Earth Elements

China produces some 95% of the world’s rare metals, mostly mined in Mongolia. With its virtual monopoly over the world’s rare earth elements (REE) supply, China is considering banning the export of some and drastically reducing the export of others to ensure sufficient supply for its internal demand. So why do we care? REEs are […]

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Global Economy

Jet Blue Launches “All-You-Can-Jet Pass” for $599

If you had the option for unlimited travel for one month would you do it? Jet Blue recently launched a promotion that allows passengers to do exactly that for $599, from September 8 to October 8, 2009. At a time when the global recession has taken a huge hit on air travel (business and leisure), […]

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Global Economy

2009 Gloom & Doom Update: Third Quarter Outlook

Over the last quarter the global economy has not improved much despite various stimulus plans (as expected because of the lag factor). There have been the usual fluctuations in stocks and oil, however there is no major recovery in sight. The next quarter will be no better for most of the world. After the first […]

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Global Economy

2009 Doom & Gloom Update: Protests in Singapore

Singapore is famous for its efficiency (thus the nickname Singapore, Inc) and infamous for its harsh penal codes for seemingly minor infractions like littering and spitting. Like any other country it has been shaped by the circumstances under which it was created, and the environment in which it has survived since then. This “red dot […]

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Global Economy

2009 Gloom & Doom Update: Protests in Germany and Bosnia

As the situation gets worse in Europe, with unemployment rates reaching new highs, the social unrest (see previous posts) is spreading. Germany is the latest in the string of countries that is seeing protests show up. This is important to note as Germany was one of the first countries that had been working on a […]

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Global Economy

2009 Gloom & Doom Update: Suicide Rates on the Rise

One of the side effects of the worsening global economy and unemployment is the increase in suicides and suicide attempts. The numbers of cases (high profile and of “normal people“) being reported has increased significantly. Asian economies like South Korea, Japan and Hong Kong have all reported increases and are planning for more. South Korea […]

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Global Economy

2009 Gloom & Doom Update: Protests in Ireland & Latvian Govt Collapse

A few weeks ago, there were reports of protests in Latvia, amongst several other countries (see previous post). Now, the Latvian government has resigned. That makes two governments that have collapsed so far, directly attributable to the economy. There are now protests in Dublin, Ireland about the economy, and strikes are expected soon. Let’s see […]

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Global Economy

2009 Gloom & Doom Update: Economy Takes a Bite Out of Your Lunch!

2009 gloom and doom update Like all other sectors of the economy, the food and beverage sector is also facing a crunch. The cost of food supplies has risen globally, as have costs associated with packaging and distribution. All large and small suppliers, manufacturers and vendors are facing the same issue. At the end of […]

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Global Economy

2009 Gloom & Doom Update: Overspending and the Global Financial Crisis

There have been lots of articles on what has caused the problem and how it can be solved. An article in the NY Times addresses one part of the cause: over-spending. This excerpt summarizes it brilliantly: In other words, shopping was part of the problem and now it’s part of the cure. And once we’re […]

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Global Economy

2009 Gloom & Doom Update: France Strikes and Demonstrations

My social unrest post of Jan 27 mentioned that  France, Germany and United Kingdom had avoided demonstrations but my commentary was a tad premature. It turns out that Jan 29 was a day of mass demonstrations and strikes in France with a 2.5 million turnout in a country of a mere 65 million population (almost […]

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