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ECONOMIC NEWS

2.5 billion people benefit from banking.

2.5 billion people benefit from banking.

2.5 billion people benefit from banking.

According to the World Bank 2014 Global Financial Development Report , which corresponds to half of the adult population in the world still 2.5 billion people can not benefit from banking services .
The World Bank's Global Financial Development Report published each year (GDF 's ) main theme of the 2014 number is generating increasing participation in financial services .
The report primarily of technological innovations , including mobile banking , financial services in developing countries shows that a positive impact on participation .
Access to finance in the most comprehensive report ever prepared , corresponding to half of the adult population in the world still 2.5 billion people are unable to benefit from banking services are emphasized.
In the report, the World Bank President Jim Yong Kim began last month and e-currency accounts, e -mobile wallet technological innovation with the help of 2020 working age adults universal access to finance aimed at providing interference particular attention is drawn .
President Yong Kim , in his statement , financial services participation , efforts to promote the well- designed, people development path of strengthening a better way might be , stating whether it is a public financial regulator If you'd like a private bank , get everyone's access to financial services provision of countries' interests noted that .
Yong Kim , also for these developments throughout the world , referring to positive results can reveal information that may help to end the poverty gave their opinions .
According to the report , making it cheaper and easier access to financial services that poor people have profited most from technological innovation . Remote and scattered populated areas , especially those with low income economies , including the installation of bank branches outside the introduction of financial services have benefited .
Report this framework, the user can transfer the money to the store and offering a safe place puts the emphasis on cost- savings and debit accounts .
And burdensome for banks to offer low-cost accounts to stop use of the document and state aid to be deposited into bank accounts by electronic payment methods are particularly effective in the report as well as some policy issues are among the saved .
Responsible financial contributions at the same time consumers finance a better understanding of the requirements of emphasizing the report , starting a new business or mortgage loans refer to such a man's life the key moments of the financial education to be effective is arguing .

The US economy grew by 3.2%

The U.S. economy, Americans are spending 3 years, with the advent of the summit of the 2013 year grew by 3.2% in the fourth quarter.

Today in Washington, data released by the U.S. department of Commerce, annual Gdp growth in the Bloomberg survey median estimate of economists was the same. in the fourth quarter of 2013, the growth of 4.1 percent in the third quarter, with growth of combine, in the second half of the year, and the growth in ending in March 2012, 6 months, since the most powerful half of the year amounted to. 70 percent of the economy, consumer spending, which correspond to the forecasts on increase of 3.3 percent and rose.

The US economy grew by 3.2%

Demands of the ascension of the economy in October, the government of the close of deductions resulting from the top. Decreasing of financial problems and the strengthening of the labour market is probably the 2014 in consumer and corporate demand keep alive, the Fed's bond purchases to reduce explains the reason.

Data before, "the Government in the area of the closure of the process, in spite of a very successful quarter," said Connecticut-based UBS Securities llc, as the economist Sam Coffin, "the Momentum will continue this year. The economy improved, but we'll see," he added.

OBAMA took new measures

OBAMA took new measures.

Barack OBAMA

Obama , in his speech in American Development Center in the 1970s occurred in the country since the end of the income distribution , economic and social effects of disorders of the government intends to take measures briefed .
Speaking to the U.S. income distribution in the late 1970s since the constantly disturbed by expressing the beginning Obama , in the 1970s the top income quintile, located in the segment's total revenue to 30 percent , while today this rate to 50 percent be recalled.
Obama , 2 After World War II economic growth in the years a company director general of the average worker from the 20-30 times more than won , but today this rate 273 times up to the knowledge sharing , these changes partly technological developments share even though the economic policies of the role of overlooked we should not , he said.
" American dream " of equality of opportunity and a lot of work is based on Underlining Obama , whereby disadvantaged sections also upward social mobility sağlayıp from their parents a better life may have emphasized that . But the long- term ongoing social inequalities that hinder progress , and today many other developed countries , citizens of the United States noted that provides a better chance of promotion .

Obama , economic growth, more fragile , to be periods of recession more often occur and people together rely less on income distribution inequality in the negative effects found among the telling, today , at this point no longer inequality a racial or ethnic problem class problems believed to be emphasized. He 's also the country with the opportunities of a better life with his parents from his grandfather, Obama has stated that the " fight against inequality acts as a personal case ," he said .Their views on combating inequalities in income distribution, explaining the Obama mentioned the importance of economic growth for this purpose , whether income inequality cake remained stable or shrank stressed that the fight is not possible .
Obama , in balancing the distribution of income , pointing to the importance of education , higher education in creating the middle class has argued that the most effective way . Increasing the minimum wage has remained the same for decades in the United States advocating the idea of ​​Obama , it is not an ideological policy , many employees in the country everyone can live in dignity stated that fees should win .

Global Surge in the U.S. is not threatened.

U.S. Central Bank President Janet Yellen they follow fluctuations in global financial markets, but "now the United States' overall economic outlook in terms of creating a potential risk," he said.

United Central Bank President Janet Yellen , the expected improvement in the employment market in sağlanamas reduce the Fed's asset purchase program would continue , he said.
Yellen , today the House of Representatives Financial Services Commission for the session prepared a written statement FED's employment market situation in a healthy way to evaluate not only the unemployment figures , but all other relevant data would consider noted.
Federal Reserve Chairman , six month long term unemployed the number of height and full-time jobs while trying just a part-time job find those cases drew attention to , and therefore the employment market when assessing only the unemployment figures but these two issues also need to be followed pointed out .
Yellen , the fluctuations in global financial markets in recent times , but they follow a " now the United States' overall economic outlook in terms of creating a potential risk ," he said. Fed Chairman in global markets, they will continue to follow developments have underscored .
Yellen , a continuation of the policies of his predecessor, Ben Bernanke has signaled that this would bring . Bernanke trillions of dollars to stimulate the economy by buying bonds had kept interest rates at a record level below . Before leaving office, the former chairman of December had taken the decision to reduce purchases . Earlier that month, the Fed purchases worth $ 85 billion , the second with the decision to reduce purchases has attracted 65 billion .

Fed, unemployment without fueling inflation, 6.5% below their asset purchases would continue until announced. Fed's %2 target for inflation is determined.

Fart in the morning after a written description of the prices of U.S. government bonds fell U.S. Dollar, Euro and Yen gained against.

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CURRENT NEWS ---

Davos meeting begins ---

The town of Davos, Switzerland, this year 44 Welcomes the World Economic Forum.

This year over 500 exhibitors from 100 countries will visit two thousand in the forum, more than 40 heads of state will be found in more than 1,500 corporate leaders.            

Davos

Iranian President Hasan attention isimlerse Spiritual, Israeli Prime Minister Benjamin Netanyahu and the Kurdish Regional Government President Massoud Barzani.
Of spiritual "Iran's place in the world" speech titled interested in seeing is expected.

Politics and business meetings bringing together the leading names in the "New World Order and its Effects" will be discussed.

Global energy security will be discussed at the Davos meetings will end on January 25.

Crisis in the U.S. has ended

U.S. President Barack Obama and House of Representatives Speaker John Boehner depicting 16.7 trillion debt limit increase, and the U.S. in the negotiations which refers to these sketches everywhere. Congress that took place in the third week due to budget dispute within the federal government shutdown and debt limit debate, allowed for the television talk show in the joke of the internet has been the subject of hundreds. But the situation has now become so old, like an American wrote in a Twitter message: "Off to laugh at a joke, but I can not laugh anymore on this debt ceiling joke. Do not frighten me. Come on, man, raises the following ceiling."

Crisis in the U.S. has ended.

In the Senate wing of the U.S. Congress, to find solutions to the crisis ongoing since Friday for the first time yesterday working intensively concrete has reached a stage. And Senate Majority Leader Democrat Harry Reid and Republican caucus chief Mitch McConnell of time bumpy negotiations result, yesterday at noon, the two sides government open, the U.S. default risk will save you a plan agreed upon was learned. The formula until January 15 that the federal government is authorized to spend from the budget, until February 7 around a bill authorizing the borrowing occurs, it was learned. However, during this time, representatives of both sides of the long-term budget cuts will work on a program specified.

If American politicians today TSI 07.00 U.S. if they can not agree on a plan to increase the debt limit in the hands of the U.S. Treasury $ 30 billion in cash and pay bills that need to be left alone. Today the U.S. has $ 120 billion in debt auctions rotation. Normally, investors holding bonds in the hands of such auctions and allows the debt to be returned . If these bills and the other recipients will not have to pay the U.S. government remains in all, it can not pay the debt of the United States and will be in default means . A single installment of an ongoing mortgage loans mortgage loans instead of requesting from you all a situation like this . However, this probably will not happen , and the U.S. Treasury Department 's roll debt with cash on hand and debt interest will continue to pay the bills for a while. According to the calculations made an agreement not be achieved, the default between October 22 and November 1 will take place at a later date.

World Bank; Accelerating Economic Growth in the United States. Commented.

America and other rich countries for the first time after five years to recover from the effects of the economic recession begins to contribute more to global growth begins.
  According to a new report published by the World Bank next year in government spending on economic growth in less downtime shares will be canceled . Andrew Burns, World Bank Global Macroeconomics Officer: " The growth in the American economy last year's 1.8 percent this year from 2.8 percent rate increase to anticipate that."Some key sectors of the economy including real estate too is affected by changes in interest rates. Low interest rates, and businesses of obtaining a mortgage loan to invest in new equipment is easy to grow.
  Bank of America, so it is trying to stimulate the economy by lowering interest rates. This plan is part of the bank's bond purchases exist in billions of dollars every month. However, the Central Bank is preparing to reduce bond purchases.Because of the long-term bond purchases that could damage the economy as inflation led to a boom .Greg McBride, if the economy grows slower rise in interest rates would not be harmful , says: " Long -term interest rates will rise gradually in 2014, we estimate the short -term interest rates would not change 're around. "
 Increased production of energy in America, the rise in interest rates may offset the impact. Oil industry experts, by the method of hydraulic fracturing of shale oil extracted from oil and gas production increased rapidly in the United States, he says.
  According to the American Petroleum Institute President Jack Gerard , the increase in the supply of natural gas to reduce energy prices, this would work for U.S. producers: "More of obtaining full time employment and income. We can achieve this by increasing the production of energy."
 The shale oil obtained by hydraulic break , is rapidly expanding oil production in the United States . The cost of crude oil imports are falling, so consumers can spend their money on other products and services.However, according to environmentalists , fossil fuels accelerates climate change , hydraulic fracturing method gives great harm to the environment.

Hope of the unemployed in the U.S. is dwindling.

Five years after the outbreak of the financial crisis, many indicators , suggest that the American economy begins to heal . Gross National Product, the fastest growth in the last two years has level access . The unemployment rate fell to pre-crisis level . However, despite this good news for unemployed Americans in 2014 , a year can be extremely difficult to pass .Kathy Biscotti, on the last day of the year was pretty desperate :
" 51 years old , was born in Baltimore , grew up . My father plumber, my mother was a nurse. I worked very hard for everything I've achieved in life . "
Working as secretary Kath, lost his job six months ago and the last on December 31 received unemployment benefits : " I got 332 bucks . I need to decide what I should do . If I give money to my landlord will not be nothing in my hand . "
Kathy Biscotti, which is in the same situation one of 1 million 300 thousand Americans . Congress of unemployment benefits on December 28 had decided to discontinue . According to conservative politicians after 26 weeks of appropriations extended, pushing the jobless give up looking for work.

 With the start of economic recovery and the proponents of the extension of the duration of unemployment benefits is losing support. However, those unemployed for 27 weeks or longer, the number is still at record levels. These individuals accounted for 40 percent of all the unemployed.

U.S. President Obama Announces Reform NSA.

Obama , in a speech before the U.S. Justice Department about the NSA's intelligence tracking method has announced planned reforms.
U.S. President Barack Obama , millions of Americans face the government 's control over the phone's data records , but court decisions and listening to limit or indeed gave instructions to be examined in an emergency.
In his speech, U.S. intelligence agencies the activities of the praising and how important that date showcasing examples of Obama " However, proper protective measures without such ( wiretapping ) program, the private lives of our more revealing may be used in criticism of the rightful believe that  A new approach need. Consequently, ( Patriot Act ) 215 Department in its present form to end the transition period to implement the government this cumulative meta data in hand without holding it we need the capacity to protect the establishment of mechanisms gave the instruction , "he said.
Obama , the American intelligence agencies , " unless there is a compelling national security purposes , close friends and allies, the heads of state and government communications Failure to follow the instructions that" the group said.
President Obama , " the worldwide people , nationality whatever , now you must know that the United States, our national security threatening ordinary people secretly does not listen and their privacy concerns we take into account. These foreign leaders applies to . These issues for the indicated understandable interest , taking into account , the intelligence community 've put the following into the net , unless there is a compelling national security purpose , our close friends and allies of the heads of state and government will monitor communications.

How will the European economy in 2014?

Reform their economies and budgets according to the regulations imposed by the EU member states trying to do to get rid of the crisis ? High rates of unemployment for people suffering with conflicting government to implement the prescriptions? Lowering the latest France's credit rating at the door, a sign that a greater danger? Germany will continue to support euro area countries?

Our guests ING Bank Business Specialist Carsten Brzeski , the Euro Zone 's better to go to the start , but still totally in good condition, that also in 2014 for the EU high unemployment and public debt as problems to overcome to work pretty hard to be a year , he said.
Another issue of the European Parliament Vice President of the Socialists and Democrats group members Anni Podimat if the economic, political , and social aspects a more stable environment to create a foreground financial regulation rather than budget, the strict austerity program implementation gereketig defended . Anna also people that rely on the EU's rescue project , this distrust also need to change the path taken as a sign of the most important , he said .
Finally, Zsolt Darvas of Bruegel think tank experts in Economics from the European Commission is optimistic for the future but still continued instability , he said. Zsolt In addition to the high levels of unemployment in some countries to deal with the more populist governments to pass and it also can result in the EU , could be another crisis was revealed .

What has changed at the FED?

Leading provider of financial market of the world to the U.S. Federal Reserve ( Fed ) will be headed by a woman now . Janet Yellen is wondering monetary policy will follow .
In short, the Fed called at the beginning of the U.S. Federal Reserve will no longer be a woman . In terms of world financial markets, the Fed is considered most important institutions . Central Bank, the principal unit determines the rate of the dollar amount of money can take advantage of the market is placing limits .
Fed chairman is extremely powerful and yet so responsible a position that you want . With a history of nearly one hundred years the first woman to head the Fed , economist Janet Yellen was brought .Some commentators , German Chancellor Angela Merkel and International Monetary Fund President Christine Lagarde to head after the Fed Yellen, following the introduction of the world financial markets has been entrusted writes that the three women . This diagnosis may be true but it does not matter . Because of changes in monetary policy is expected.
New York City's German / American Chamber of Commerce president Diemer Rieger is the Fed 's dual mission , on the one hand while maintaining price stability, full employment, on the other hand says that the goal arms .
The biggest problem for the U.S. economy right now is unemployment.

the dollar is in trouble

U.S. 10 year bond interest rate in the world of hot money movements have a significant effect stressed that the economists of these bonds 3 percent above the event that investors the world's largest economy rise in interest rates to take advantage of their portfolios will change states. In this case, particularly in emerging markets and gold, large investors to hedge their risks more may lose its appeal in recent years about.

U.S. investors against the risk of rising inflation in the U.S. economy stronger to hedge the U.S. bond market is demanding high interest rates.
According to economists to exceed 3 percent of the U.S. 10-year bonds to investors outside the United States will appeal to hedge their risks.

The U.S. economy will grow in 2014

U.S. economic growth next year will show the optimistic opinions about the judge.
Was pulled down in October 2014, the IMF forecast the U.S. unemployment rate stemming from positive developments in the next three weeks gonna fix it up .

In 2013 there has been a shock . The European Union in crisis hard undulated period have been left behind , like a weak economic growth, said konusu.geç week in Lawrence Summers , the IMF conference, as well as the Financial Times, the interpretation drew attention : It fiscal expansion, despite still inflationary pressures yet. In other words , capitalist economies will clear the huge debt burden , will stimulate aggregate demand " surplus value " still can not manufacture . In contrast to the feeble economic recovery , even MB balance brought large loads .
IMF pushes optimism tend to give negative marks closing of one week , was testimony to the fragility of the situation . December unemployment data in the United States lagged behind even the most pessimistic expectations

.

Developments in the U.S. economy was noted.

American central bank, the Federal Reserve said on Wednesday monthly bond purchase program from $ 85 billion to $ 75 billion , announced that it has reduced . American central bank Fed's asset purchases from January 40 billion dollars per month treasury bonds and mortgage-backed bonds to amount to 35 billion dollars . Janet Yellen, in February next mission prepared to hand over to the Federal Reserve Chairman Ben Bernanke , Yellen also have a say in the decision is taken , and will continue this line had stressed during the presidency .Bond purchase program triggered by the real estate crisis that erupted in 2008 after the global financial crisis issued was part of a comprehensive stabilization package . Fed to stimulate business so far about 3 trillion dollars pumped into the American economy .Some analysts therefore the decrease in bond purchase program interprets the American economy began to recover . Finance expert Holger Schmieding " Fed in this way , American conjuncture counteract this be strong enough to show that . Yeah, that's the American central bank conjuncture to the power of a kind of confidence . Financial crisis trough long ago have left behind ," he says .

Finance expert Holger Schmieding "U.S. recovery in the world economy for the good news. U.S. but also in Germany and England as well conjuncture empowerment to other countries economies through exports animation gives more. Coming years the world in many parts of the growth will be experienced in the world conjuncture, a little over three percent of the United States, at 2.7 percent in Germany, 2.1 percent growth would at least think, "says Cohen.

TAF can not receive EMPLOYEES SALARIES IN THE USA!

U.S. afge union of public employees in the public sector according to a statement from the agenda of the pay cuts was noted that a total of 1 million workers affected. The distribution of workers by the Authority will not receive a salary as follows: Ministry of Commerce of the 40 thousand 234 to 46 thousand 420 employees will take unpaid leave.
A total of 98 percent of NASA employees (15 thousand 400) permission to send. Ministry of Health personnel engaged in research will not pay. 90 thousand employees from the Ministry of Finance's tax collection department to go on leave. 18 thousand employees will not receive a salary from the Ministry of Justice.

The official page of the White House yesterday, "Congress about the budget to fulfill the responsibility of the numerous public institutions will be closed" announcement was made.

UNITED STATES IS questioned superpower

In times of recession and unemployment in the use of fiscal policy easing , ie, reduction of taxes and public spending must be increased . On the contrary, during such periods, fiscal policy contractionary if used , so if you simultaneously increase taxes if and public spending is reduced , this situation improved in the opposite direction by affecting the economy will shrink even further and into recession is . Enacted 10 years ago, and former President George W. Bush -era tax cuts on income and employment will mature .
3% in the last quarter of 2011, after carrying out a successful growth as the U.S. economy's recovery has begun to weaken again . In the first months after positive data from 2012 , the slowdown in consumer spending , slowing exports and weakening of investment data in the first place was starting to attract attention .

Those who say that the American empire is crumbling another , the famous professor of history at Harvard University in the U.S. Neill Ferguson .According to Ferguson , most of the cause of the collapse of the empire , with the financial crisis , ie a large imbalance between revenues and expenditures and public debt is relevant when funded .Political environment on public employees ' in boxing sandbag ' stating that acts as U.S. President Barack Obama , the government closed down due to budget crisis , pointing out that " the rise of the debt ceiling will need to be on October 17 . Does not raise the ceiling this time, not just the government also closed down economy, "he said. Republican politicians uploads Obama " at a time when unemployment is high, people were unemployed at the street . Purely ideological purposes not economical " he said .

FAST CRASH THE U.S. ECONOMY !!!

House of Representatives dispute after the " government shutdown" called crisis to be entered on the third day in Maryland, a construction company came to the United States about the current situation descriptions found . "All of these only about something ," said Obama , crisis , Republicans , Obamacare also known as Low Cost Health Law said that arise because of his obsession . Obama said, " This situation ended now the only thing that prevents Boehner , the party does not want to upset the radicals because the bill does not allow you to take a yes or no vote . '' He said in a statement found .
Three-fifths of the average revenue debt , which produces a lot but consume more than they produce a U.S. citizen with mortgage loans , low interest loans are taking over . In recent years, interest rates in the United States is being upgraded at regular intervals . Becomes non-refundable installments . In neighboring countries, the domination of bad governance , countries heavily debiting the world economy away from manufacturing and savage capitalism , the global economy was at sixes and sevens .In the banking sector crisis, the global economic turmoil, there are those who at the first sign of fear . During this period, the third major crisis in the money market would have said . In the U.S. banking system crisis would spread to the whole world , the crisis in the mortgage system, there are those who would jump at other areas .

Obama , the decline of the U.S. economy could impact on the entire world economy and everyone can experience problems , he said. But some economists exponents have disagreed with this situation .
What measures will be taken in the following days, while still hangs in the balance

2014 WORLD ECONOMY

Advanced economies' growth continued downward movement . Many emerging economies , slowing down growth of 4.8 per cent per year to declined 1 percent annual average growth of advanced economies was . 2.9 percent below average global growth occurred in 2014 after a year what is expected for the world economy ?in both developed and emerging markets will experience a modest increase economic performance . Advanced economies last five years will start to see the benefits of the difficulties experienced . Private sector borrowing rates are low ( income households , banks, non-financial corporations ), financial barriers and monetary policies protecting percent annually as a result of the application of 1.9 growth rate will reach .
Moreover, low profitability , high- energy shock in 2014 as the unseen risks will be less conspicuous . For example, Eurozone collapse , the U.S. government's shutters closing or the debt ceiling fight , the Chinese economy hard fall , Israel and Iran nuclear issue, there will be another war , all these threats are much more subdued and is unlikely to .Still, the most advanced economies ( U.S., Euro Area, Japan , United Kingdom, Australia and Canada) growth will reach barely or never reach their potential . Household incomes of most developed economies , banks and non-financial companies to be printed with high borrowing rates , this will require a reduction of the borrowing rate . High budget deficits and public debt burden of the government will be forced to continue the painful monetary arrangements . Policy and regulatory uncertainty abundance of private investment spending to keep under control .
In addition, the appearance of long-term economic restrictions moisturizes 2014 . Human and physical capital in developed economies for many years yet occurred the negative impact of adequate investment in productivity growth is affecting developed economies , and therefore many of the attractions in the risk of an economic recession have grown continuously . To reach the true potential of these economies is a very slow structural reforms needed to be fulfilled.Lower than in the euro area , though unseen risks , the basic problems still unsolved case . Low growth potential, high unemployment, already high and rising public debt , competitive power and the loss of labor wages slowly lowering ( a strong euro it makes it harder ) and banks ' ongoing borrowing rates drop because of overly tight credit restrictions Eurozone ' of the most fundamental problems. Meanwhile, a banking union will be slow and progressive process of austerity along with fatigue continued to grow despite the political risks for the establishment of a monetary union with no steps will be taken .Japan 's deflation in the economy two decades , Prime Minister Shinzo Abe's government against the monetary easing and fiscal expansion was the remarkable improvement . The greatest uncertainty would increase Japan's consumption tax and Abenomics called structural reforms and trade liberalization transition to the third reading of the application will be slower than necessary.2014 performance of the U.S. economy from shale oil revolution , employment and housing market developments and manufacturing industries back into the country again , - the offshoring of production " reshoring " in the - will benefit . If downside risks (especially considering the midterm elections will take place in November ) political deadlock in Congress that may arise . This will limit the long-term fiscal consolidation process , the Fed's quantitative easing and zero interest period at the outlet of political attitude and will continue to obscure regulations .