Alternative News

Chileans will be able to incorporate companies in one day

"Chileans will now be able to create and register a new company in one day, Start-Up Chile reports on its blog. This is the result of a new law voted this week by the Chilean Senate, and which should come into effect by May. It’s not just about speed, but also about convenience and affordability, with the implementation of a free one-stop online incorporation system. Company creation aside, it also covers structural changes, mergers and closures." Continue reading →

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China’s Smaller Cities Are Home to Growing Middle Class

"51 per cent of China's population, or 691 million people, are currently living in urban areas. Research suggests that by 2020, some 824 million people will be living in cities, an increase of 188 million. That's one and a half million new urban residents every month for the rest of this decade. By 2030, according to our analysis, there will be around 270 million more new urban residents in China. By our calculations, a company had to be in 60 cities to reach 80 percent of the country's middle class in 2005. Today, they have to be in 340 of them. And by 2020, they will need to be in 550 urban locations to reach that same percentage of the middle class population." Continue reading →

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The Incredible Shrinking Computer

"It just might be that manufacturers of these microdevices are sowing the seeds for the next crop of young hackers (who will increasingly come from the developing world, as all of its nascent talents are released). Traditional PCs may soon be regarded like the mainframes of old, and vast networks of tiny, interconnected devices like this could be the next big leap forward. Super-cheap chips, ubiquitous wireless, small form factors, open sourcing, and a large and creative community all are coming together to support the ongoing computer revolution, which never stands still." Continue reading →

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1794 Silver Dollar sets 10 Million + World Record at Stacks Bowers Auction in NY

"The highlight of the evening was the $10,016,875 sale of the coveted 1794 Flowing Hair silver dollar, a superb Gem Specimen example, the finest known to exist. This set a new world-record price for any coin. Attended by hundreds of enthusiasts, collectors, investors and dealers, and resulting in nearly $27 million in rare coins crossing the block, the auction of The Cardinal Collection and other important consignments took place as part of the Stack’s Bowers Galleries New York Americana Sale." Continue reading →

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Euromoney Endorses Bank of Israel Governor for Fed Chairman

"Euromoney, which chose outgoing Governor of the Bank of Israel Prof. Stanley Fischer as 'Central Bank Governor of the Year in 2010,' calls for him to be appointed the next Chairman of the US Federal Reserve. EPJ was first to suggest that Fischer may be considered for the Fed post, when Bernanke's term ends in January 2014. Euromoney explains how inflationist Fischer was as Bank of Israel's top man. Under Fischer's watch in Israel, inflation has been comparatively very strong. Indeed, in 2011, it was as high as 4.3%, more than twice the Fed's current target rate." Continue reading →

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Israel Airstrike on Syria: Strange Bedfellows?

"Today Israel, without provocation or legal justification, bombed Syrian territory. As usual, the US government covers for Israeli military aggression in the region, however press reports that the US was scrambling for intelligence regarding the Israeli attack on Syria suggests that there was no forewarning by our 'ally' of a potentially enormously destabilizing escalation. What is most interesting is that Israel is targeting for military attack the same Syrian Army that the Islamist Free Syrian Army and the al-Qaeda linked al-Nusra Front are fighting to overthrow. Why would Israel prefer foaming at the mouth Islamic decapitation experts to rule Syria?" Continue reading →

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Antigua set to bypass US copyright law with WTO green-lit media, software sales website

"In a surprisingly legal move, the government of Antigua is planning to open a website selling media and software without paying any fees to American copyright holders. It comes after the US closed its market to Antiguan gambling companies. The small Caribbean nation once thrived on its gambling industry, which at one point employed 5 per cent of its people, TorrentFreak reports. When the US blocked the island's gambling companies from accessing American players, it pulled the rug out from under the whole industry. Antigua is now set to begin selling music, movies and software without having to pay a cent to the American firms holding copyrights on the wares." Continue reading →

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Mark Carney Leaves Canada With ‘Stealth QE’ Rising At Fastest Pace Since 2009

"As Mark Carney steps aside from his role at the Bank of Canada to undertake all manner of easy money in the UK, we thought a reflection on the 'stealth' QE that he has been engaged with, very much under the radar, in the US' neighbor-to-the-north was worthwhile. It seems quietly and with little aplomb, Carney's BoC has grown its balance sheet by over 21% YoY - the most since 2009. If that was not enough to make someone nervous, the quantity of Canadian government bonds on the BoC's balance sheet has grown at a remarkable 46% YoY! With Canada's CAD267bn debt due in 2013, we suspect this 'stealth' QE will continue to rise." Continue reading →

Continue ReadingMark Carney Leaves Canada With ‘Stealth QE’ Rising At Fastest Pace Since 2009

Senators Demand that Banks Be Punished – but Not the Fed

"Bring these banksters to justice. But not the good, gray men of central banking. We are not surprised. The power elites are deathly frightened, in our view, that their control over central banks is in jeopardy. They will sacrifice the entire financial infrastructure to make sure central banks are not attacked. They are trying to do this any way they can. They are trying to set up neo-Pecora hearings to focus on Wall Street and the securities industry in general. There will be similar attacks in Europe and Britain. Maybe in China and Japan too, who knows?" Continue reading →

Continue ReadingSenators Demand that Banks Be Punished – but Not the Fed