America’s Influence On Globalization

Economic News TodayOnly one month in and 2016 has already delivered a collection of devastating economic blows to Russia. As the value of oil and the worth of the ruble plummet, so, too, does the standard of dwelling of the typical Russian citizen. Russia’s central financial institution has been widely praised for not spending the nation’s hard-foreign money reserves to support the ruble — an admittedly losing proposition — but it has finished so on the backs of the Russian folks.

South Africa is among the rising number of nations that wish to unlock previously inaccessible natural fuel reserves trapped in shale deep underground. The drilling know-how — hydraulic fracturing, or fracking,” for brief — holds the promise of producing new income via taxes on the gas, creating hundreds of jobs for one of many country’s poorest areas, and fueling energy crops to supply electrical energy to roughly 10 million South Africans …