KIDAPAWAN CITY (MindaNews/ 01 February) – The minimum water rate here will increase by 30 percent, or from P156.60 to P204.50 for the first 10 cubic meters of monthly consumption, an official of the Metro Kidapawan Water District (MKWD) said. Coming 18 years after the previous increase, the measure is […]

Since banks weren’t lending, the Federal Reserve Bank of New York jumped in, increasing its overnight repo operations to $75 billion; and on October 23 it upped the ante to $120 billion in overnight operations and $45 billion in longer-term operations. Why are banks no longer lending to each other? […]

India has lost a $7 billion WTO case against US.  Meanwhile China has won its case with the WTO now allowing the Chinese to impose a $3.6 billion sanction on American goods. The verdict comes days after India and US officially suspended defense cooperation in what is now giving rise to a full-fledged India-US […]

Today we live in a bifurcated economy: it is boom times for some and bust times for others. Your personal situation depends largely on how close you fall on the socioeconomic spectrum to the protected elite class, towards which the central banks are directing their money-printing firehoses. Why should we […]

“The modern central bank business model is being disrupted” claims Saifedean Ammous, economics professor and author of The Bitcoin Standard: The Dcentralized Alternative to Central Banking. Ammous’ well-written exposition of an Austrian-School understanding of the nature of money – in a free market and not – concludes with several chapters directed toward the […]