Venezuela is Spiraling Downward Quickly

Have you seen the projected inflation rate in Venezuela? It is expected to increase 481% this year and by a staggering 1,642% next year. That’s right. Those numbers are correct. The report is from new estimates released Tuesday by the International Monetary Fund. It’s a scary time for Venezuela. The IMF…

Oil Prices Hit New High For This Year

U.S. crude oil prices jumped 4.5% to $42.17 a barrel, after Russian news agency Interfax reported the deal. However Russian agencies declined to comment on the news as did Qatar, which holds the rotating presidency of OPEC, the oil cartel. This report came on the heels of a crucial meeting between…

Panama: Huge leak alleges elites hiding money

Today several major media outlets have posted the results of an investigation into the financial dealings of some of the rich and powerful, based on a huge number of documents that have been handed over by an anonymous source. The International Consortium of Investigative Journalism (ICIJ), a nonprofit group in the…

Those Chocolate Bunnies Are Going to Cost a Little More This Year

Chocolate bunnies are getting more expensive this year. How could this be so? Blame it on bad weather and the rising demand in Asia that are pushing up prices of cocoa, a vital ingredient in chocolate making. The milk chocolate index (yes this is a real thing), which tracks prices of…

Free Calls To Belgium from the United States

Many major wireless carriers are offering free calls and texts in and out of Brussels and parts of Belgium after the attacks there that killed 30 and injured over 100 on Tuesday. These are the companies participating: AT&T Verizon T-Mobile Sprint Virgin Mobile USA Boost Mobile It should be noted that…

The South African Wine Industry is Booming!

It’s a rare bright spot in a not so shining economy: South Africa’s winemakers are winning new markets around the world and with that they are carving out a niche for themselves. Although on a whole the country is struggling when it comes to a slump in demand for commodities, Africa’s most…

What’s the real story behind India’s $4 smartphone?

Just days after launching with a huge amount of fan fare, a cutting-edge device with a rock-bottom price is being blasted by industry officials and analysts. Ringing Bells unveiled its Freedom 251 smartphone on Wednesday. The phone touts features that included a 4-inch display, 1.3-GHz quad-core processor and 8 GB…

Investors are freaking out over European banks

The world once again is getting a bit nervous about the health of big banks based in Europe. Not only are bank stocks currently plummeting at what many feel is an alarming pace, investors are now making bets that some banks might even default on their debt should the global economy sink into a…

Anonymous versus ISIS

Anonymous has declared cyberwar against the Islamic State in retaliation for the Paris terrorist attacks, the question many are asking is: how can a hacker group actually do? More than likely it will begin with taking over and shutting down Twitter accounts. This types organization actually use social media channels…

Singles Day broke records in China

The shopping mega phenomenon of “Singles Day” might have broken all the records records in China, but it failed to capture the attention of U.S. consumers, according to a report released Wednesday. The Adobe Digital Index showed that the 24-hour sale celebrated on Nov. 11 has become the largest shopping…