Vaibhav Jindal

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How The Fed Fostered The Oil Glut And Price Drop - Wall Street Losing Patience

Let’s start with <i>The Wall Street Journal</i> article, “Banks Struggle to Unload Oil Loans,” which reveals the Fed’s role in encouraging excess oil production that led to the inevitable price drop (italics are mine):<p>Energy-sector deals have been a bright spot at a time when once-lucrative businesses, …

How We Know Russia's Economic Crisis Has Officially Arrived

Judging by the lack of economic news in Russia's media, a crisis has arrived.<p>Just as in Soviet days, state television does not report facts, it conceals them. The official picture is dominated by the war in Ukraine (fuelled by America), Ukraine's economic collapse (ignored by America), and Russia's …

Only 442 entities registered for FATCA so far

The total number of Indian financial institutions who have signed up with the American tax authorities under the Foreign Account Tax Compliance Act …

Oil's plunge through $50 a barrel is starting to embarrass the remaining bulls

Oil started the first full week of 2015 by plunging through its third price threshold in a little over a month. The US-traded benchmark, known as WTI, punched through $50 a barrel–half the $100 price sold at which it sold in September.<p>What’s more, its swoon has accelerated. Since late November, WTI …

The Collapsing Ruble Is Creating Food Shortages

Russia's currency on Tuesday slipped 3% to below 63.5 rubles to the dollar as falling oil prices threaten to unwind the government's efforts to defend the currency.<p>The collapse of the ruble is causing price inflation throughout Russia. Inflation is running at 10%, according to The New York Times . …

Israel freezes Palestinian tax funds

Israel is delaying the transfer of taxes it collects on behalf of the Palestinians in retaliation for their application to join the Hague-based International Criminal Court, according to Israeli officials.<p>The online edition of <i>Haaretz</i> daily, citing an unidentified Israeli official, said on Saturday …

Alexis Tsipras or Antonis Samaras? Greece begins to weigh up the options

One hails from the old world of Greek bourgeois society, and is a Harvard business school graduate with stridently conservative views. The other, state-educated and middle class, was raised in the decidedly newer world of rough-and-tumble leftist politics.<p>The stark differences between Antonis …

US and Russia in danger of returning to era of nuclear rivalry

A widening rift between Moscow and Washington over cruise missiles and increasingly daring patrols by nuclear-capable Russian submarines threatens to end an era of arms control and bring back a dangerous rivalry between the world’s two dominant nuclear arsenals.<p>Tensions have been taken to a new …

Israel to ask US congress to suspend aid to Palestinians

Move comes as Benjamin Netanyahu's government seeks to step up retribution against Mahmoud Abbas for joining international war crimes tribunal<p><b>Israel</b> is to ask the United States congress to suspend economic aid to the Palestinians in punishment for joining the International Criminal Court (ICC).<p>The …

10 Books You Might Not Have Read in 2014 (But You Should Really Read in 2015)

Lists, lists, lists. We love making them, we love reading them and so what could be more perfect than a list about reading? I didn't invent this concept, of course (far from it), but I love to throw my hat in the ring with my own list just the same. And this list is particularly dear to my heart …

Books

Vernazza Is The Most Stunning Cliff Town We've Ever Seen

Craving a getaway to a cliffside village of fresh pasta, ocean breezes and all-around perfect enchantment?<p>Welcome to Vernazza.<p>This Italian cliff town has been proclaimed the "loveliest" of the Cinque Terre, those five seaside towns on the northwestern Italian coast that are famous with hikers, who …