Expanding the Legacy
Expanding the Legacy
The UK economy may be growing at an impressive clip: the spurt is powered by borrowed money and, as such, akin to a bubble. The same holds true for the seemingly impressive economic performance of the United States.
The triple terrorist attacks that rocked France last week will have a negligible impact on the country’s economy. According to Economics Professor Todd Sandler of the University of Texas Dallas business confidence is seldom affected when terrorists strike in advanced countries.
In the wake of the terrorist attack on the French satirical magazine Charlie Hebdo, which left ten staff members and two police officers dead, it is more important than ever to remember – and indeed emphasise – the difference between a faith and those who misuse faith to commit heinous acts.
After the Hellenic parliament on December 29 failed to elect a president in a third round of voting, triggering a constitutionally mandated snap election, yield on the benchmark ten-year bond jumped to over 9.7% (from its summer low of 3.5%) whilst shares on the Athens Stock Exchange plunged on average 11%.
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