The possibility of a French recession is not exactly new: even the venerable Economist penned an an extensive article - with a humorous cover - over a year ago describing just such a possibility (the French were unamused).
"Whatever it takes," appears to have become the new mantra across global financial systems and with Chinese shadow banks under increasing pressure (as cash-for-commodity deal financing dries up and "hedge" losses mount on 'surprise' Yuan weakness), property developers are increasingly desperate for liquidity.
China is about to see one of the largest human migrations, as people travel home for the Lunar Year holiday. January 31st marks the beginning of Chinese New year. But some 3.62 billion people are expected to journey home during the 40 day Spring Festival that began January 16. Every year this places a huge burden on Chinese infrastructure. We rounded up some images that show just how busy it gets this time of the year in China.
Justin Trudeau made an assured and predictable start to his career as Liberal leader in the House of Commons today, attempting to make Canada’s middle class a battleground between the Grits and the Harper government.
Global ticket sales broke records in 2012, hitting $34.7 billion internationally, thanks to the strength of foreign markets and a rebound at the domestic box office. Overall, the box office rose 6 percent last year, according to a state of the movie industry report released Thursday by the Motion Picture Association of America.