Business

At the end of February, shortly after Japan's disastrous attempt to crush the Yen at the expense of a stronger dollar when the BOJ unveiled its first episode of Negative Interest Rates, only for everything to go spectacularly wrong for Kuroda, the world's financial leaders met in Shanghai where the so-called Shanghai Accord took place when in no uncertain terms central bankers around the globe (and especially the Chinese) came down on Janet Yellen like a ton of bricks demanding that the Fed do a "dovish relent", and stop the Fed's monetary tightening talk, ease back on expectations of furth

The State Department of Transportation on Maui have just agreed not to spray Monsanto’s Roundup along its roadways. According to Maui Mama, all purchases of the glyphosate-based, carcinogenic weed killer have been halted and the department is about to change the signs on all of their spray trucks to say “Certified Organic Herbicide.” Natural Blaze reports: Beyond Pesticides has also agreed to teach county workers how to make the switch from the health-damaging Roundup chemical applications to a non-toxic solution, FREE OF CHARGE.

More than 90 children at an elementary school in Northern Peru became violently ill when a plane fumigating nearby fields released weed-killer on Tuesday The children along with teachers suffered a range of symptoms including extreme vomiting after being exposed to glyphosate, a known carcinogen. Sputnik news reports: Reports stated that 92 school children and 3 teachers were exposed to the dangerous herbicide glyphosate, the active ingredient in US biotech giant Monsanto’s best-selling product, Roundup.

Without a major currency reform (read: the installation of a currency board), the weakness of Nigeria’s naira will not end anytime soon. This is bad news for inflation, which, according to my Cato Troubled Currencies Project estimate, has exploded to an annual rate of 58.6 percent. This is a long way from the official estimate (see the chart below).