Tag Archives: Gross domestic product

Malnutrition a Global Problem

Malnutrition a Global Problem

When we think of malnutrition, we typically think of undernutrition, but in truth the term refers to all types of bad nutrition, including overnutrition. With this definition in mind, a new report finds that malnutrition has become a serious public health issue for every nation in the world, with all but China having already crossed a “malnutrition red line.” Complicating the problem is the fact that about half of the world’s nations are grappling with both undernutrition and overnutrition at the same time. More… Discuss

Virtual economy, poetic thought by George B

Virtual economy, poetic thought by George B

The paint not dry yet
The painting’s hanging on the wall
Still swaying, slightly,
On the wall that isn’t dry yet,
Between tenancies,
In a building that’s still under construction
That still needs permits,
corridors to be painted,
last coat,
and a roof, and doors…
Economic recovery…
Economic discovery…
Virtual economy…

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Dubai is one of the seven emirates of the United Arab Emirates. It is also the name of the emirate’s main city. Dubai is distinct from the other emirates in that oil revenues account for only a small part of its gross domestic product, although they did play a key role in transforming the sheikhdom into the international trade, business, and travel hub it is today. In recent years, Dubai has also made headlines for its ambitious building projects and now boasts what record-breaking structures? More… Discuss

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Barings Bank Collapse (1995)

A cautionary tale for financial institutions the world over, the collapse of Barings Bank, a centuries-old British bank, resulted from the activities of a single, unscrupulous employee. The man in question, derivatives broker Nick Leeson, made unauthorized, unhedged futures transactions on Nikkei, racking up £827 million ($1.3 billion) in losses in no time. He hid these losses by reporting them as gains and got away with it due to a lack of oversight. What brought the whole scheme crashing down?More… Discuss


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