Random Musings on Economy Part - I Curse of Banking Spread In the year 2008 the banking spread or rate difference between what banks pay as interests to depositors and what they charge on loans to business was 7.05 % which was the highest in the world . The banking spread in the US at
From Segregation to Supreme Court Credit The Wall Street Journal Born in Washington DC Ketanji Brown Jackson whose family faced racial segregation in the not so distant past was elevated as the first African American woman Associate Justice of the US Supreme Court last year. The 52 year old joins the apex US Court around
Drones in the Black Sea Credit CNN The downing of a US surveillance drone (Reaper MQ-9 class) which flew from its base in Romania to carry out its routine mission of capturing images of Russian assets and troops deployment and its falling into the Black Sea may heighten tensions in the Ukraine war zone. What
Russian Crude at Discount With the increase in ocean borne trade and vessels the incidents of blasts and spills have correspondingly increased at ports and coasts. Although the maritime sector is relatively regulated rising costs of insurance of ships lets inspections and survey of ships worthiness slip in some jurisdictions. The shipping sector has witnessed
Largest Wheat Importer The population of Egypt, the most populous Arab state, is around 104 million and to put things in perspective is perhaps the worlds biggest importer of wheat. The impact of the conflict in Ukraine and subsequent hiking of interest rates, accompanied by a surge in global energy prices compelling foreign investment to
