قال الله تعالى

 {  إِنَّ اللَّــهَ لا يُغَيِّــرُ مَـا بِقَــوْمٍ حَتَّــى يُـغَيِّـــرُوا مَــا بِــأَنْــفُسِــــهِـمْ  }

سورة  الرعد  .  الآيـة   :   11

ahlaa

" ليست المشكلة أن نعلم المسلم عقيدة هو يملكها، و إنما المهم أن نرد إلي هذه العقيدة فاعليتها و قوتها الإيجابية و تأثيرها الإجتماعي و في كلمة واحدة : إن مشكلتنا ليست في أن نبرهن للمسلم علي وجود الله بقدر ما هي في أن نشعره بوجوده و نملأ به نفسه، بإعتباره مصدرا للطاقة. "
-  المفكر الجزائري المسلم الراحل الأستاذ مالك بن نبي رحمه الله  -

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rasoulallahbinbadisassalacerhso  wefaqdev iktab

Economy

الإثنين, 05 حزيران/يونيو 2023 04:36

Petrol subsidy: How to navigate change By Wole Olaoye

كتبه
When the government is in the process of introducing a programme, it is no longer enough to map out the budget implications, as if the programmes, in the final analysis, are implementable sans people. Advocacy ought to precede public pronouncements. Take the recent withdrawal of petrol subsidy for example. The bitter pill would have been easier to swallow if a massive advocacy programme had been unleashed.   The steep increase in the price of petrol and the attendant public outcry could have been better managed. Truth be told, subsidy removal was one of the banana peels strewn in the path…
الجمعة, 02 حزيران/يونيو 2023 05:07

Some Constructive Criticism of the Recessionista Thesis

كتبه
"The house don't fall when the bones are good," we are instructed by that sage of Arlington, Texas, and Nashville, Tennessee, Marin Morris. The bones of the U.S. economy are looking good as we hurtle toward the warming months, which means the house of the U.S. economy is not about to fall. The U.S. Census Bureau, which is the division of the Commerce Department that is—for obscure reasons—assigned the duty of tracking new home sales and construction, said that construction spending rose 1.2 percent in April compared with March to a seasonally adjusted annual rate of $1.908 trillion. During the first four months of…
The federal government is currently investing hundreds of billions of dollars to help regional economies rebuild in the wake of the COVID-19 pandemic. In addition to the American Rescue Plan Act’s $350 billion in flexible funds for cities, counties, states, and tribal governments, the Infrastructure Investment and Jobs Act and CHIPS and Science Act add another $80 billion in place-based industrial competitiveness programs. And all this public funding will leverage even greater sums of private capital investment. This is welcome news for communities in need of investments, jobs, and income growth to address long-standing economic and racial inequities. Yet as government, business, and…
Polling shows the majority of American voters (59.2 percent) oppose raising the debt ceiling with and without there being some restrictions on government spending. The results of the poll, conducted by Convention of States Action in conjunction with the Trafalgar Group, were obtained by Breitbart News exclusively ahead of their public release. The results appear to support the recent legislation from the House Republicans that raise the debt ceiling while restricting spending. The poll showed that 59.2 percent of voters are completely opposed to raising the debt ceiling (22 percent) and say that the ceiling should only be raised if spending cuts are included (37.2 percent), similar…
الأحد, 14 أيار 2023 14:20

The Flight From the US Dollar

كتبه
On March 20, Chinese President Xi Jinping met with Russian President Vladimir Putin in Moscow. In his article in the Russian media preceding the meeting, XI enthused that "China-Russia trade exceeded 190 billion U.S. dollars last year, up by 116 percent from ten years ago." Though it has reached 190 billion US dollars, it is no longer all being traded in US dollars. In his article in the Chinese media, Putin said that "the share of settlements in national currencies" of all that trade "is growing." 65% of that massive China-Russia trade is now being conducting in their Russian and Chinese currencies. Though the US sees…
السبت, 06 أيار 2023 05:23

Payrolls Also Say No Recession Soon

كتبه
  The payrolls numbers on Friday add evidence to our thesis that the economy reaccelerated in April after slowing in the prior two months. Nonfarm payrolls increased by 253,000 in April, beating expectations for around 280,000. Private sector payrolls were forecast at 153,000 and came in at 230,000. The unemployment rate was forecast tick up to 3.6 percent from 3.5 percent. It fell to 3.4 percent, the lowest rate since 1969—beating even the Trump-era of very low unemployment. While the April figure beat expectations, there were significant downward revisions to the prior two months. Taken together these totaled 149,000 fewer jobs in the first quarter. Over the…
In recent developments, German Prosecutor General Peter Frank confirmed “there is no evidence to blame Russia for the destruction of the Nord Stream gas pipelines”: “It currently has not been proven (…) The investigation is ongoing (…) We are currently evaluating all this forensically. [The suspicion] that there had been a foreign sabotage act [in this case], has so far not been substantiated”, he said during the interview with Die Welt. No evidence of foreign sabotage of an act which has created social havoc and hardship in the European Union, with rising energy prices? People are freezing, unable to pay their heating…
السبت, 18 آذار/مارس 2023 07:47

HOW DOES A BANK COLLAPSE IN 48 HOURS?

كتبه
“How does a bank collapse in 48 hours?” Asks the CNN headline. Especially a bank that reported a profit of $3.4 billion just last year. Murray Rothbard answered the question years ago in What Has Government Done To Our Money?, “No other business can be plunged into bankruptcy overnight simply because its customers decide to repossess their own property. No other business creates fictitious new money, which will evaporate when truly gauged.” If you watched the Fed Chair Jerome Powell testify before the Senate and the House this month you heard over and over that banks are well capitalized. The non-sequitur inspiring the…
After discussing the troubled rural banks in Henan in my previous post, it is important to note that what happened in Henan was not the first adverse credit event to hit the Chinese financial system. It was just the most recent in the country’s latest string of notable financial events, which can be said to have started back in May 2019 with the intervention in Baoshang Bank. A little over a year later, Baoshang became the first Chinese bank to be shut down since Shantou Commercial Bank closed shop in 2001. The Baoshang case was followed by interventions or investigations involving several other…
NEW YORK, Jan 13 (Reuters) - Goldman Sachs Group Inc (GS.N) lost $3.03 billion in nearly three years on its platform solutions business that houses transaction banking, credit card and financial technology businesses. This is the first time that Goldman has given a detailed look into the financials for the consumer and fintech arms that were intended to diversify the Wall Street firm's operations away from its traditional mainstays of trading and dealmaking. The company disclosed a pretax loss for its newly-created platform solutions business of $1.2 billion for the first nine months of 2022. The disclosure did not provide separate numbers…
الأحد, 18 كانون1/ديسمبر 2022 18:15

Why Central Banks Will Choose Recession Over Inflation

كتبه
While many market participants are concerned about rate increases, they appear to be ignoring the largest risk: the potential for a massive liquidity drain in 2023. Even though December is here, central banks’ balance sheets have hardly, if at all, decreased. Rather than real sales, a weaker currency and the price of the accumulated bonds account for the majority of the fall in the balance sheets of the major central banks. In the context of governments deficits that are hardly declining and, in some cases, increasing, investors must take into account the danger of a significant reduction in the balance sheets…