Nate Payne

Nate Payne

Posts by This Writer

9 years 9 months ago

This weekend, Toronto was catapulted into the global spotlight as host for the controversial G8 / G20 summit. On Saturday, June 26, inside a heavily fortified enclave, Canadian Prime Minister Stephen Harper officially greeted political leaders from the G8 / G20 nations. Yet, outside the summit walls, the streets of Toronto descended into chaos. At least 150 people were arrested Saturday, and dozens Sunday, after thousands of anti-G20 protesters marched through downtown, forcing Toronto police to use tear gas for the first time in city history. Four police vehicles were set ablaze, windows of public and...


9 years 9 months ago

A new era has dawned for the Australian people. Earlier this week, Ms. Julia Gillard, a rising start in the Australian Labor party, was sworn in as Australia's first female premier. Ms. Gillard replaced a slumping Kevin Rudd who fell abruptly from grace after proposing a controversial 40% tax on mining profits. Prime Minister Rudd, expecting to suffer an embarrassing defeat on the internal ballot, did not submit his name for consideration and bowed out tearfully from the race. During her brief mini-campaign, Ms. Gillard argued that good government in Australia was loosing its way. She vowed to...


9 years 9 months ago

Earlier this week, McDonald's was served notice that its reputation as a responsible, proactive, fast food chain was in question. Despite recently initiating the recall of poisonous Shrek glasses, an American nutrition watchdog group has threatened to sue McDonald's unless they stop selling toys with their popular Happy Meals. The center claims that the provision of toys undermines a child's ability to make positive food choices, encourages the consumption of foods which contribute to obesity, and violates state consumer protection laws in four states as well as the District of Columbia...


9 years 9 months ago

In bookstores, coffee shops, and internet cafes around the world, a vicious price war is stewing. On Monday, Barnes & Noble aggressively cut the price of their flagship E-Reader, the Nook, to $199 USD, while simultaneously dropping the price of the low cost, Wi-Fi only version to $149 USD. Hours later Amazon fired back, slashing the price of its popular Kindle to $189 USD, a significant discount from the original price of $259 USD. As the technology battle continues to heat up, investors and customers continue to feel uncertain regarding the future of the global E-Reader market. How long will it be until we...


9 years 9 months ago

As the sun leaks slowly over the African horizon, an ominous cloud of uncertainty continues to swirl. Facing global resource shortages and increasing shareholder expectations, major corporations from China, Russia, France, Germany, and many other European, Asian, North, and South American nations, continue to push aggressively onto African soil through acquisitions and joint venture investments. Unfortunately, while the current World Cup has showcased a continent poised for greatness, the environmental devastation witnessed over the last 50 years from mining, drilling, and harvesting operations...


9 years 9 months ago

As countries including Greece, Spain, and Japan face precipitous debt and uncertain futures, a hungry tiger is on the prowl. China, a nation thirsty for growth, has continued to aggressively pursue foreign acquisitions in weak and under performing markets. While China’s behavior is unsurprising, what is surprising is the lack of attention recent acquisitions are generating. Significant acquisitions in the Middle East, South America, and European markets have quietly moved Chinese corporations into positions of power, while enabling the Chinese government to improve its reputation, capitalize on...


9 years 9 months ago

This morning, BP CEO Tony Hayward faced the US Congressional Energy Sub-Committee. Panel members pushed, prodded, and attacked the embattled CEO, accusing Mr. Hayward and BP of malfeasance, deliberate harm, risk taking, and corner cutting, while calling out BP’s culture of risk and poor safety record. It is clear that the failure at the Maconda well has been catastrophic. It has destroyed thousands of lives, changed the face of the US Gulf Coast, wasted billions of dollars of Federal and corporate dollars, while damaging the pensions of many individuals whose retirement funds were invested...


9 years 9 months ago

With a substantial collection of untapped energy resources, abundant liquidity, sustainably low interest rates, and strengthening currency, Russia is positioned to lead world’s emerging market nations over the next decade. This morning, the International Monetary Fund raised the 2010 Russian GDP growth forecast to 4.25 percent, while maintaining its inflation outlook of 6 percent. In Part 1, our exploration of Russia commenced with a brief discussion of the geographical constraints, financial risks, and economic indicators. In Part...


9 years 9 months ago

With a substantial collection of untapped energy resources, abundant liquidity, sustainably low interest rates, and strengthening currency, Russia continues to be a force among the world’s emerging markets nations. The World Bank expect Russia’s economy to grow by 4.5% this year, and sees Russian economic growth as one of the main drivers of economy recovery in Europe and Central Asia. Yet despite positive projections for the future, it is hard to ignore the contraction that the Russian economy experienced during the worldwide recession. While other emerging market...


9 years 10 months ago

Over the last two decades, economic growth in China has brought widespread prosperity. Despite threats emanating from a global economic slowdown, the Chinese economy has remained resilient. On Thursday, Chinese data showed that exports grew nearly 50% over last year, while property prices in the biggest cities rose 12%. With the support of aggressive subsidies and tax breaks, China's domestic demand has surged. Retail sales increased 18.7 percent in May, while industrial production jumped nearly 19% over the last 5 months. No one can deny that the Chinese economy continues to prosper....


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