INTERESTING FACTS ABOUT “HALLOWEEN” 1. The word Halloween is a shortening of All Hallows’ Evening also known as Hallowe’en or All Hallows’ Eve. 2. Halloween has its origins in the ancient Celtic festival known as Samhain (pronounced “sah-win”). The ancient Gaels believed that on October 31, the boundaries between the worlds of the living and the

[ Read More ]

Needed in Europe: More Inflation

As Europe’s economy recovers from its crisis, afflicted countries such as Spain and Italy are trying to pare their debts while also becoming more internationally competitive.      The trouble is, it’s hard to do both at once. And the euro zone’s weak inflation is making it even harder.      So, even as the world’s economic elite welcomed

[ Read More ]

Turkey Gets Aggressive on Rates

Turkey’s central bank Tuesday aggressively increased overnight lending rate/interest rates to shore up the lira at an extraordinary policy meeting billed as a test case for under-pressure emerging markets. The central bank raised its overnight lending rate to 12% from 7.75%, raised its one-week repo rate to 10% from 4.5% and raised its overnight borrowing

[ Read More ]