As the currency weakens many countries that use the dollar are searching for alternatives. China is expected to be the top world economy in a matter of years. To add insult to injury, the BRICS countries have decided to lose the dollar and use their own currencies. So what does this mean for the US dollar? According to many economists, …
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Need for financial literacy for children By REEM M. ASAAD
A longtime advocate of proper financial education, I have called repeatedly for incorporating economics and financial literacy in school programs. There are a number of reasons why this is important. First, children are exposed to many more consumer choices than previous generations. Second, financial products and services are increasingly targeting the younger people and are therefore more appealing and user-friendly. …
Read More »Welcome To The 1% Recovery By Mike Konczal
As the 1% reap 93 percent of the income gains from the recovery, we’re rapidly returning to pre-New Deal levels of inequality. March 11, 2012 "New Deal 2.0" — There was a brief debate focused on the following question: would the gains of the economy continue to accrue to the top 1% once the recovery started, or would they have a weak …
Read More »Halal-friendly tourism: Sri Lanka rated fourth best among non-Islamic states
Multicultural Sri Lanka has been ranked as the world’s fourth best non-Islamic destination for Halal-friendly travel. Sri Lanka’s ranking is as per a compilation by Halal website Crescentrating which has listed top 10 destinations among Organisation of Islamic Conference (OIC) as well as non-OIC states. Bosnia and Herzegovina top the latter category followed by Singapore, South Africa and Sri Lanka. …
Read More »Inside Job
Narrated by Matt Damon, Inside Job is the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists, Inside Job traces the rise of …
Read More »Unveiling the importance of Islamic agro-banking in Sri Lanka by Muath Mubarak
Muath Mubarak is a Director of Studies and Corporate Strategy for First Global Knowledge Centre (FGKC), a Sri Lanka-based conglomerate of companies involved in the Islamic finance industry. Previously he was working for Barwa Bank, a newest fully fledged Islamic Bank in Qatar. He is an Associate member of Chartered Institute for Securities & Investments (CISI) – UK and an …
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