Emerging Economies are Tapped Out Twelve emerging countries, including Brazil and Russia, drew down their foreign currency reserves in March by a combined $143.5 billion, the fastest rate since 2008, according to Arkera, a London-based research firm. Turkey has depleted its reserves to $56 billion, a level last seen in 2006. The country’s banks hold...
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TURKEY DROPS INTEREST RATES AGAIN
Turkey’s central bank cut interest rates for the sixth time in a row, dropping its repo rate from 11.25 percent to 10.75. With inflation clocked at 12.15 percent, the real interest rate – the difference between the interest rate and inflation – is -1.40 percent. President Tayyip Erdoğan is pressuring the bank to bring interest...
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Diabetes drug defeats Alzheimer’s
A drug created to treat type 2 diabetes has shown an ability to reverse Alzheimer’s-related memory loss in mice, according to researchers at Lancaster University in England. The drug, not named in the university’s report, is a triple threat; it combines three hormones that act as growth factors. While the hormones can help the pancreas...
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Alzheimer’s: Dashed hopes, new directions
Alzheimer’s disease is part of your future — if it’s not already part of your present. Either you or someone in your family will contract it, or you’ll know someone who will. And even if you don’t, the disease will cost you financially as it ravages our health care and social support systems. Alzheimer’s is,...
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Wake-up call: Confronting the abuse of power head-on
The future has never been clearer. If societies continue on the current path set by major political leaders, financial powers, multinational interests and military forces, we can forecast with full confidence that tomorrow will bring more sorrow than joy, more hardship than prosperity, more war than peace, more physical and mental illness than strong bodies...
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Wake-up call: Confronting the abuse of power head-on
The future has never been clearer. If societies continue on the current path set by major political leaders, financial powers, multinational interests and military forces, we can forecast with full confidence that tomorrow will bring more sorrow than joy, more hardship than prosperity, more war than peace, more physical and mental illness than strong bodies...