Yearly Archives: 2013

Bitcoin in India: Drivers and Barriers to Adoption

"Bitcoin’s growth in 2013 has accelerated tremendously, driven largely by economic concerns which bitcoin is uniquely positioned to solve. This has been evidenced so far this year by conditions in Cyprus, China and Argentina, and has highlighted bitcoin’s potential in less developed nations likeKenya as well. All of the countries listed above are known for high inflation rates, strict capital controls, or a combination of both – a scenario that is beginning to unfold in India. This analysis will address India’s current economic climate and the factors that would affect the population’s propensity to adopt bitcoin on a large scale." Continue reading →

Continue ReadingBitcoin in India: Drivers and Barriers to Adoption

U.S. Funds Score Big by Betting Against Yen

"Wagering against the yen has emerged as the hottest trade on Wall Street over the past three months. George Soros, who made a fortune shorting the British pound in the 1990s, has scored gains of almost $1 billion on the trade since November, according to people with knowledge of the firm's positions. Others reaping big trading profits by riding the yen down include David Einhorn's Greenlight Capital, Daniel Loeb's Third Point LLC and Kyle Bass's Hayman Capital Management LP, investors say. The growing trade has itself helped pressure the yen, which has slid almost 20% in about four months. That, in turn, is helping fuel what could become a world-wide currency war." Continue reading →

Continue ReadingU.S. Funds Score Big by Betting Against Yen

U.S. Funds Score Big by Betting Against Yen

"Wagering against the yen has emerged as the hottest trade on Wall Street over the past three months. George Soros, who made a fortune shorting the British pound in the 1990s, has scored gains of almost $1 billion on the trade since November, according to people with knowledge of the firm's positions. Others reaping big trading profits by riding the yen down include David Einhorn's Greenlight Capital, Daniel Loeb's Third Point LLC and Kyle Bass's Hayman Capital Management LP, investors say. The growing trade has itself helped pressure the yen, which has slid almost 20% in about four months. That, in turn, is helping fuel what could become a world-wide currency war." Continue reading →

Continue ReadingU.S. Funds Score Big by Betting Against Yen

U.S. Funds Score Big by Betting Against Yen

"Wagering against the yen has emerged as the hottest trade on Wall Street over the past three months. George Soros, who made a fortune shorting the British pound in the 1990s, has scored gains of almost $1 billion on the trade since November, according to people with knowledge of the firm's positions. Others reaping big trading profits by riding the yen down include David Einhorn's Greenlight Capital, Daniel Loeb's Third Point LLC and Kyle Bass's Hayman Capital Management LP, investors say. The growing trade has itself helped pressure the yen, which has slid almost 20% in about four months. That, in turn, is helping fuel what could become a world-wide currency war." Continue reading →

Continue ReadingU.S. Funds Score Big by Betting Against Yen

U.S. Funds Score Big by Betting Against Yen

"Wagering against the yen has emerged as the hottest trade on Wall Street over the past three months. George Soros, who made a fortune shorting the British pound in the 1990s, has scored gains of almost $1 billion on the trade since November, according to people with knowledge of the firm's positions. Others reaping big trading profits by riding the yen down include David Einhorn's Greenlight Capital, Daniel Loeb's Third Point LLC and Kyle Bass's Hayman Capital Management LP, investors say. The growing trade has itself helped pressure the yen, which has slid almost 20% in about four months. That, in turn, is helping fuel what could become a world-wide currency war." Continue reading →

Continue ReadingU.S. Funds Score Big by Betting Against Yen

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

India’s Poorest Women Coerced Into Sterilization

"When it comes to family planning, women are on the front lines in India, which has carried out about 37 percent of the world’s female sterilizations. Government-imposed quotas and financial incentives for doctors mean 4.6 million women were sterilized last year, many for cash payments and many in the unsanitary and rudimentary conditions that greeted Devi. In neighboring China, the government has since 1979 used the threat of fines and the loss of social services to enforce rules that bar many urban couples from having more than one child. It now is beginning to ease the policy as the population ages and coastal regions face labor shortages." Continue reading →

Continue ReadingIndia’s Poorest Women Coerced Into Sterilization