Kibrewsen Getachew

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Why U.S. Health Care Is Obscenely Expensive, In 12 Charts

The U.S. leads the world in health care spending, but we don't live very long, and going to the doctor is so expensive that we don't do it very often. So where is the money going?<p>Not toward obesity-related diseases or unnecessary tests and treatments, as the writer John Green pointed out in a …

The 10 Jobs With The Biggest Projected Salary Gains In 2014

We all know that software jobs are taking over the world. With smartphones battling for dominance through their software and interface design, cars chock full of programmable devices (I don’t own one but every time I rent I feel like I need an hour-long tutorial just to use the radio), and wearable …

The world’s oldest bank admits dodgy derivatives trades, fleeing depositors and a mysterious death caused “reputational damage”

Banca Monte dei Paschi di Siena (MPS), Italy’s third-largest bank and the world’s oldest, has admitted in a statement posted quietly on its website that its customer deposits have fallen by a “few billion euros.”<p>That was after a series of scandals rocked the more than 600-year-old institution, …

If You Think China's Air Is Bad, You Should See The Water

REUTERS/China Daily The unhealthy smog that settled over Beijing earlier this year, capturing international media attention, is not the only visible sign of China's rapid economic growth and the resulting environmental hazards.<p>Countless rivers and lakes have also been contaminated by nearby …

Bank of Cyprus depositors could lose up to 60% of their savings

Savers with the Bank of Cyprus could lose up to 60% of their savings according to officials from the central bank and the finance ministry.<p>The …

Meet The Influential German Professor Who Wants To Get Rid Of The Euro In Order To Save Europe

Lucke, the leader of Alternative für Deutschland, is on board with the "new approach" the euro zone appears to be taking with bank bailouts in the wake of this week's Cyprus deal that has sent bank stocks in Italy and Spain tumbling.<p>Depositors in the two largest Cypriot banks will take a …

Why there won’t be any big new bank laws in the US, in three quotes

Simon Johnson, former chief economist at the IMF, is ruffling feathers in the economic world with his article arguing that it’s only a matter of time before the largest banks in the US are broken up.<p>He points to a number of trends: A bipartisan Senate vote last week urging regulators to end …

In Cyprus, The Economic Misery Is Just Beginning To Sink In

As she counts another day's paltry takings and frets about how to pay the rent, Dimitra Charilaou knows she is a tiny cog in the machine that drives Cyprus's once thriving economy.<p>She owns a small hole-in-the-wall electrical supplies shop squeezed between a kebab joint and a dodgy-looking nightclub …

China Takes Another Stab At Housing Bubble

You have to give China credit, when it comes to its housing bubble, at least they are <i>trying</i> to pop it.<p>On Saturday, the city of Beijing said it will increase down payment levels for second time home buyers and slapped a 20% capital gains tax on all residential property sales. Moreover, single …