Asian, LatAm Financial Wage Rises Set to Outpace North America, Europe

Financial services salaries are set to rise by 4.3 percent in both Asia and Latin America this year, almost double the average increase forecast for North America and Europe, research published on Monday showed.

A survey by consulting firm Mercer found wage growth in the emerging market regions would outpace the 2.4 percent and 2.3 percent forecast for North America and Europe, despite concerns about how local economies are coping with falling commodity prices and a slowdown in Chinese growth.

http://www.insurancejournal.com/news/international/2016/02/01/397007.htmhttp://www.insurancejournal.com/news/international/2016/02/01/397007.htm

 

Check out @AJEnglish’s Tweet: https://twitter.com/AJEnglish/status/695343839133847553?s=09

US BLOCKS UK MUSLIM FAMILY FROM BOARDING PLANE TO DISNEYLAND

The issue is sensitive because U.S. Republican presidential contender Donald Trump has called for a temporary ban on Muslims visiting the U.S. due to concerns about extremist attacks.

Stella Creasy, a member of the opposition Labour Party, said Wednesday that U.S. officials gave no explanation for refusing to allow her constituents to board a flight from Gatwick Airport on Dec. 15, so she wrote Cameron seeking his intervention. She said there is “growing fear” among British Muslims that aspects of Trump’s plans are coming into practice even though they have been widely condemned.

US Blocks UK Muslim Family From Boarding Plane To Disneyland

America at Christmas

As if to promise a Christmas present, Congress has just finished approving the finances of the federal government for the next few months. Santa Claus would have done a better job. During early 2016, Congress will pay the government’s bills by borrowing money from individual and institutional lenders. Those folks will lend the feds all the money the feds need because the law requires the feds to pay them back.

The “pay them back” ideology is a very curious one. It is true that the full faith and credit of the federal government guarantees the payment of the government’s debts. Without that lawfully binding guarantee, who would lend money to an institution that carries a debt of $18.8 trillion? So the investors who have lent money to the feds know that their debts will be repaid in a timely manner.

https://www.lewrockwell.com/2015/12/andrew-p-napolitano/not-even-government-discourage-us/

 

AMERICA AT CHRISTMAS

The “pay them back” ideology is a very curious one. It is true that the full faith and credit of the federal government guarantees the payment of the government’s debts. Without that lawfully binding guarantee, who would lend money to an institution that carries a debt of $18.8 trillion? So the investors who have lent money to the feds know that their debts will be repaid in a timely manner.

Because the federal government spends $1.5 trillion more annually than it collects in taxes and other revenue and because its payments of interest alone on the money it has borrowed will soon be about $1 trillion a year, it can only repay its debts by borrowing more money.

Since 1911, the federal government has not repaid a debt from tax revenue. It has always borrowed more money to pay its lenders. This is known to economists as rolling over the debt.

America at Christmas