RTNW

January 19, 2011

  • Crumbs Cupcake Bakery is going public via a reverse merger with a SPAC
  • Overall, there were 445 pirate attacks last year – a 10% rise from 2009.

    Last week, a separate study found maritime piracy costs the global economy between $7bn (£4.4bn) and $12bn (£7.6bn) a year.

  • Euro Debt Crisis all in one picture from SG
  • Mr. Elmer, who previously provided documents from his former employer to national tax authorities including the Internal Revenue Service in the United States, said he had turned to WikiLeaks to “educate society” about what he considers an unfair system that serves the rich and aids those who seek to launder money.
  • Great collection of talks from Guy Kawasaki, President Obama, David Rose, and many more.
  • “China Development Bank… has become the financial muscle in the country’s overseas drive. In the energy sector alone, CDB has awarded loans to other developing country governments or companies of more than $65bn in the past two years. Beijing has made more than $110bn in long-term loans to developing countries over that period, a number that exceeds the World Bank’s lending”

    “The American consumer may still be one of the main driving forces in the global economy, but about half of China’s exports now go to developing countries”

    “among Chinese officials and scholars, there is a widely held view that the US has been abusing its position as controller of the main reserve currency by pursuing irresponsible economic policies. Nor do they hide the underlying geopolitical objective of the currency push – to place limits on the role of the dollar in the international monetary system”

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