Marnel Endino

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US Navy Tweaks Pacific Carrier Force

The U.S. Navy announced on Tuesday that it is replacing the aircraft carrier it forward deploys in Japan with a more recently commissioned one, in …

What A U.S. Default Would Mean For Pensions, China And Social Security

What would happen if Congress doesn't raise the debt ceiling and the U.S. defaults on its debt later this month? The broad economic implications are unpredictable, but a default could cause huge trouble for the global economy.<p>But whatever happens to the global economy, one thing is clear: People …

Richest 1 Percent Hold 46 Percent Of The World's Wealth

Oct 9 (Reuters) - Global wealth has risen by 68 percent over the past 10 years to reach a new all-time high of $241 trillion and the United States accounts for nearly three quarters of the increase, Credit Suisse said in its World Wealth Report.<p>Average global wealth has hit a peak of $51,600 per …

How China, Europe and India are sidestepping the volatile US dollar

One day, the rupee and the renminbi could displace the US dollar as the world’s reserve currency—the most-used means of exchange between countries. And that day is coming closer as emerging markets move to insulate their economies from the dollar’s volatility.<p>The dollar spent the summer riding high …

Spanish wealth gap biggest in Europe, says charity

Spain is the most unequal society in Europe, according to a report that finds three million Spaniards now live in conditions of "extreme poverty", and another study that shows the number of millionaires has increased.<p>A report by the Catholic charity Caritas says more than 6% of Spain's population …

All of these companies have more cash right now than the US government

The US government is running out of money to pay its bills. It is so close to reaching the statutory limit on debt at this point that US Treasury secretary Jack Lew has taken “extraordinary measures” to delay becoming delinquent on payments owed.<p>Republicans offered a deal today to temporarily raise …