Since the disclosure, members of both the EU and European national governments have voiced outrage over what German Chancellor Angela Merkel dubbed “Cold War tactics.”
Most troubling is the fact that one of the banks affected, the Industrial and Commercial Bank of China, is one of the country’s most prosperous and wide-reaching.
For the past week, it seems as if the world’s so-called economic engine – China – has shown signs of sputtering.
The mainstream financial media is currently bemoaning this week’s Federal Reserve press conference, suggesting that the central bank head should have been more cautious in his hinting of the so-called “taper,” which references the eventual withdrawal of monetary support programs.
The next few days will be very telling for the Fed and its quantitative easing program.
It’s no secret that national economies across the globe have had a particularly trying decade, as Recession that rocked the United States and continued uncertainty in the Eurozone have left millions of people in worse financial situations than they had been, even before the most recent administration.
It’s yet another example of poor governance, especially during a time when much-needed economic reforms are going unheeded.
The U.S. global surveillance leaks exposed by ex-NSA contractor Edward Snowden continue to accumulate, according to the latest release from The Guardian, a U.K.-based news publication.
Americans have begun to assume that another leak related to the nation’s surveillance network is just around the corner and, this week, folks with that mindset were not disappointed.