United States Household Debt Balance breaks another record, setting American Households $17.8 Trillion in the red, while Credit Card delinquency rates are on the rise
Total consumer debt in the United States has reached an unprecedented level, with American households now owing a staggering $17.8 trillion. This record-breaking amount underscores the growing financial strain on many families, as they grapple with mortgages, credit card balances,…
Ireland’s economy in a prolonged recession sees the Unemployment rate rising to 4.7%
Ireland has experienced a recession starting from the first quarter of 2023 and continuing through the second quarter of 2024 Meanwhile, the quarter-on-quarter aggregate economic output data conveyed an improvement of economic growth with two positive quarters. However, in the…
On the Origins of Totalitarianism, Hanna Arendt described the ideological role of Englishmen’s Racism
Hannah Arendt’s seminal work, “The Origins of Totalitarianism,” published in 1951, delves into the complex and multifaceted nature of totalitarian regimes. One of the critical aspects Arendt explores is the ideological role of racism, particularly Englishmen’s racism, in the development…
Founded out of the Drugs and Opium Trade in Hong Kong, how HSBC operated since then, scandal after money laundering scandal
HSBC, one of the world’s largest and most influential banks, has a history shrouded in controversy. Founded in Hong Kong during the height of the opium trade in the mid-19th century, the bank has grown into a global financial giant….