Friday, 28 June 2013

A Look At Japan's "Abenomics"

The deflation problem for Japan started in 1997 when the country's consumption tax was increased from 3% to 5%. Nominal GDP growth rate was below zero for most of the 5 years after the tax increase. Under Shinzo Abe's "Abenomics", fiscal spending is expected to increase by 2% of GDP, at the same time raise deficits to 11.5% of GDP for 2013. Kokkai (Japanese legislature), commonly known as The National Diet passed a bill in 2012 to increase consumption tax rate to 8% in 2014 and 10% in 2015 to balance the national budget, a deliberate and an aggressive attempt to discourage consumption.

Shinzo Abe, Creator of Abenomics
Shinzo Abe (PM of Japan) is desperately trying to solve Japan's long lasting deflation problems. "Abenomics" (Abe + Economics) are a set of economic policies heralded by Japan's PM. Under this "aggressive collection" of policies are "inflation targeted at a 2% annual rate, correction of the excessive yen appreciation, setting negative interest rates, radical quantitative easing, expansion of public investment, buying operations of construction bonds by Bank of Japan (BOJ), and revision of the Bank of Japan Act" -Wikipedia.

"Abenomics = fiscal stimulus, structural reforms and, most of all, central bank money-printing" - The Economist Intelligence Unit.

Is it not surprising that an economy which wants to discourage consumption will opt for printing more

Tuesday, 18 June 2013

Why Obama's Visit To Africa Will Cost Between $40m to $80m.

Credit: Autoblog
Obama visits Africa from June 26 to July 3. Senegal, South Africa and Tanzania will welcome "The First Family" at a "COST." Obama is expected to spend a night in Dakar, two nights in Johannesburg, one in Cape Town and one in Dar es Salaam, Tanzania.

One thing Americans canonize is their security. They always try to perfect it with contingency provisions, and provisions for the contingency provision. They will move every brick, every soldier, every resource, make a camel pass through the eye of a needle, if it means protecting the president. That may sound like a hyperbole, but that is

Tuesday, 4 June 2013

The Mysterious Dream

Source: HelloWorld
I have been having this specific dream for over seven good years now, I ain't joking. One dream, different settings, but same me doing one specific thing for over seven years. It's not everyday I have that dream anyway, but at least, every month, I have it about twice. Why one specific dream, why one specific phenomenon? Interestingly, or let me say statistically, over 50% of my dreams come to pass. Before the percentage was close to 90%, I don't know what happened for this huge drop. 

Everyone dreams. Its a scientific and a psychological fact. But not everyone remembers what he or she dreams about. Because I dream a lot, I equally learn a little about dreams and I try to interpret it. I get it right sometimes, and sometimes too, I get it wrong. The little I know about dream theories