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Archive for the 'Economy & Finance' Category

Oil Price Soar

Thursday, July 3rd, 2008

From Yahoo Finance:
Oil rises above $144 on US supply drop
Oil soared to a record above $144 a barrel Thursday in Asia, fueled by concerns over a larger-than-expected drop in U.S. stockpiles and the threat of conflict with Iran.
Now, everybody is worrying. But in some place, somewhere, a group of people is really happy with this […]

Buffett says recession may be worse than feared

Tuesday, April 29th, 2008

Billionaire investor thinks downturn may last longer
NEW YORK - Warren Buffett, the world’s richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect.
Buffett made his comments on CNBC television after his Berkshire Hathaway Inc. agreed to invest $6.5 billion in the takeover of chewing […]

What is Microcredit?

Wednesday, November 14th, 2007

It is interesting that in Islam, charity is given 10x rewards and benevolent loan - qardhul hassanĀ is given 18x rewards. The reason is simple, the loanee will not ask for a loan except he is in monetary trouble.
So, when Muhammad Yunus of Grameen Bank stated that credit is a human right, it do make […]

Poverty is caused by the system

Tuesday, November 13th, 2007

Poverty is not caused by the poor people. Poverty is caused by the system we built - Per Muhammad Yunus, Founder of Grameen Bank.

WPvideo 1.10

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Money As Debt

Friday, September 7th, 2007

An interesting video for you:

WPvideo 1.10

The history of money.
There is an interesting fact to be known that a developed or proper monetary system had help reduced the slavery in the world.
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