Abolishing slave trade Slave trade was abolished in 1808 with the major source of the slavery expansion activities being in the Southern states of the U.S. The northern states had little farming economic activities as they complied with laws. It was because the northern states were less reliant on agriculture, leading to them seeing no need to continue with the trade. Most of the Caribbean nations were still under Spanish control also continued practicing the trade, as they also lacked the required labor to support their industries (Eagle 139). The southern American states, Caribbean nations, and the South American nations still supporting the illegal trade did so out of economic survival. Agriculture was the main economic stay of these nations as they exported most of their raw materials to Western Europe that was experiencing industrialization processes. The western European nations needed raw materials for their industries while the nations in the Western hemisphere and the southern U.S relied on the export of raw materials to sustain their economies. In the southern American states, over two million Africans were working in…
The World Bank and IMF are in Crisis: It’s Time to Push a Radical New Vision The article by David Adler and Yanis Varoufakis was published to indicate the necessity for changes at the mission of the World Bank and the IMF. The publication came at the time when Jim Yong had stepped down as the president of the World Bank three and a half years before completion of his contract. Both the World Bank and the International Monetary Fund (IMF) are the two remaining institutions of the Bretton Woods System that had been established in 1944 after an agreement among the United States, Canada, Western European countries, Japan, and Australia. The system that relied heavily on a fixed exchange rate regime had led to the effectiveness of the capitalist system in the 1950s and 1960s. The system led global finance along ‘Atlanticist’ lines whereby the European countries chose the managing director of the IMF while the U.S. selected the head of the World Bank. The exit of Jim Yong presents the organizations an opportunity to establish a new vision.…
Coronavirus: No infection cases reported in China for second consecutive day, HK Express suspends flights. For the second consecutive day, the Chinese health authorities announced that they did not register new cases of local transmission of the new coronavirus. Still, the increase in imported infections slowed progress in fighting the disease. The death toll in China has also dropped dramatically, and the National Health Commission recorded three fatalities on Friday, the lowest daily balance since it started releasing data on the pandemic in January. In a bleak signal that shows how the crisis has shifted from Asia to Europe, the number of deaths in China, 3,248, was surpassed by Italy on Thursday, where more than 3,400 people died. There have been almost 81,000 infections in China, but less than 7,000 people remain sick with Covid-19. In January, about 56 million people in Hubei province, whose capital is Wuhan, were subjected to a giant quarantine, although authorities have already begun to reduce travel and circulation restrictions gradually. However, China is now concerned about the second wave of infections from abroad, prompting…
Abraaj Capital and Sustainability Recently several institutions have ensured full competition towards each other in the different marketing environments. Sustainability is one of the major reasons which these organizations ensure competition. The suitable organizations are highly desirable, according to (Epstein, Rejc, Elkington, & Leonard, 2014). Sustainability is the process of reducing risk in an organization and hence enhancing the possibility of a given to thrive survive and survive in the coming future this entails the risk mitigation in its environment. Suitability entails several ethical factors which have to be closely ensured, and these are the new behaviour which examines the concerns around our moral commitments in the future generations in any given business environment (Gupta & Singhal, 2017). In places like the middle east, suitability is starting to take its roots. Several organizational regions of the middle east tend to be very suitable and ensures sustainability ethics. The UAE (United Arab Emirates) is one of the countries which has greatly ensured sustainability. Abraaj (which is considered the largest equity farm in the middle east) is an example of…
What Determine the Storage Unit Price? In the US, one of the fastest-growing businesses is self-storage. We have a lot of things that we do not want to dispose of but are consuming a lot of our space. Storage units offer a valuable solution for the people to put their stuff during the transition. If your building is damaged by the flood or earthquake, you will need to find short term storage solutions before you do the renovation. The biggest question that people want to know is how much the storage services will cost them. The cost of the storage unit is influenced by various factors. The leading factor is the size of the storage unit. You must first sit down and access your needs. You will pay less when you look for a small storage unit. Ensure that you have reduced want you to want to store to the right volume. The extra-large unit is suitable when you want to store the entire house. The extra small storage unit is appropriate when you want to store only…
Money Laundering The effects of money laundering to the economy can be damaging especially for countries with a weak economy. Money laundering refers to the process of making large amounts look as if they are from a legitimate source while they were generated from illegal activities such as terrorism funding or drug trafficking (European Union, United Kingdom, 2019). The money from criminal activities is considered dirty, and money laundering is done to make it look clean. Money laundering is primarily used by criminal organizations that want to use the money obtained illegally in an effective way. Dealing with a large amount of dirty money is dangerous and ineffective. There is, therefore, a need for the criminals to find a way to be able to deposit the funds in a financial institution. It can only be done if the money seems to come from a legitimate source. The purpose of writing about money laundering is to determine whether the economy of a country can thrive where money laundering is prevalent. It will also help us understand why strict bank regulations put…
Covid-19: HK Express suspends flights between Monday and April 30 Hong Kong’s low-cost carrier will suspend all flights between Monday and April 30, due to falling demand and travel restrictions caused by the Covid-19 pandemic. “Given the challenges we have faced, it is vital to preserve our balance to ensure that we remain together,” said HK Express executive director Mandy Ng in a statement. The airline, owned by airline Cathay Pacific, plans to resume operations on May 1 and will continue to sell tickets for flights to take place after that date. According to the daily South China Morning Post, HK Express is the first company to take such a drastic step in the Chinese special administrative region, but half a hundred companies in the sector worldwide have also decided to temporarily suspend operations. The restrictions on travel to Japan, one of the global focuses of the SARS – CoV -2 coronavirus , imposed a severe setback on the company, which had one of its most frequented destinations in the Japanese country. With the pandemic , HK Express went from…
cryptocurrencies In today’s world, no investment can be considered 100% safe. Cryptocurrency, just like any other investment, has an element of risk. So, there can be no one answer as to whether cryptocurrency is safe to buy or not. Anyone looking to invest in cryptocurrency should only risk the amount he/she can afford to lose on this technology. Some people make huge mistakes by investing all their money on cryptocurrency without considering the risks involved. Besides cryptocurrencies being incredibly unpredictable, they are yet to adapt in today’s market, and this is likely to take a decade or a few years for them to stabilize. But buying cryptocurrency, it would be wise if you can do in-depth research about the technology to determine whether it is worthy of risking your money or not. This is the only way you can make an informed decision regarding cryptocurrency.. Here are the reasons why it’s no longer safe to buy cryptocurrency: Regulatory Concerns To date, people from all corners of the world are getting enlighted about what cryptocurrencies are and…
Ways of Improving Your Credit Score Credit scores are an important tool used by creditors to determine your fiscal responsibility. The higher your credit score, the higher your chances of getting creditors to fund your current activities and needs so that you can pay later. Therefore, having a high credit score is a right way of having some financial security to be able to do what you want to do even if you do not have the cash at the moment. Credit score reports usually have a list of factors that contribute to your score. From this, you can identify what is bringing your score down and consequently find ways of improving your score. Luckily, there are several steps you can take to this effect. Discussed below are some of the steps you can take. Keep your old cards Keeping your old unused cards active can go a long way in helping you to improve your credit score. However, you should only consider this option if you are not required to pay any yearly fees as a result of the…
The white-collar villain The white-collar villain is a wide range of offences that are performed through deception and motivated by economic benefit. The ordinary forms of white-collar offences include but are not limited to money laundering, embezzlement along with fraud. Many of the white-collar offences are usually cumbersome to litigate since the criminals habitually use complex means to hide their practices by a number of deals. Despite the difficulties in prosecuting the criminals involved in white-collar crime, their prosecution is usually assisted by the whistleblowers who report the internal wrongdoing. Whistleblowing is very instrumental in the trial of the criminals involved in white-collar crime since whistleblowers typically offer evidence which helps in the prosecution of the perpetrators of white-collar offence. This paper is purposed to give an evaluation of the white-collar offence along with the traditional street offences to locate the reason why the public policy in the USA drives criminal law to penalize the offenders. Overview of the issue White-collar crime in the USA is associated with substantial financial losses incurred by the country. The report by the USA…