Landmark GST Bill Opens India to a Common Market System

Landmark GST Bill Opens India to a Common Market System

Posted by: on Aug 20, 2016 | No Comments

Somewhere along the path of errors comes a cumulative benefit. India has passed the much-awaited Goods and Services Tax (GST). The Indian Parliament voted 197 in favour of this bill with none against in the Rajya Sabaha. This bill is being hailed as a landmark tax reform and the biggest since Independence. Under the new bill, the existing system of Value Added Tax (VAT)

Bitcoin: Herald for Free Markets?

Bitcoin: Herald for Free Markets?

Posted by: on Jul 27, 2016 | No Comments

Imagine a currency that does not belong to any one country, owes no allegiance to geographical or political borders and exists only in virtual form. Now imagine the impact on the economies of the world when confronted by this relative newcomer in the currency category. Today, bitcoin is the most widespread Internet currency. It is

Brexit: The Biggest Political Betting Event So Far

Brexit: The Biggest Political Betting Event So Far

Posted by: on Jul 12, 2016 | No Comments

The initial surprise over Brexit led to an outbreak of political betting. Coming close on the heels of the landmark Britain’s Leave Campaign was a flurry of activity aimed at either conserving wealth or an attempt to create wealth over the outcome of

Crony Capitalism is on a Decline

Crony Capitalism is on a Decline

Posted by: on Jun 10, 2016 | One Comment

Crony capitalism is on a decline, according to the Economist’s index of crony capitalism created in 2014. The Economist index shows that in 2016, Russia has the highest amount of crony capitalism; crony sector wealth constitutes 18% of Russia’s GDP, out of

Mohegan Sun Group Wins License to Open Casino in South Korea

Mohegan Sun Group Wins License to Open Casino in South Korea

Posted by: on Mar 30, 2016 | No Comments

The Mohegan Tribal Gaming Authority, along with KCC Corp, a South Korean chemicals manufacturer, won a bid to develop the Inspire Integrated Resort at Incheon, located west of Seoul, the capital city of South Korea. The Inspire Integrated Resort

Apple vs the FBI – A Case of Privacy vs Security

Apple vs the FBI – A Case of Privacy vs Security

Posted by: on Mar 16, 2016 | No Comments

On December 2, 2015, two terrorists, Syed Rizwan Farook and his wife Tashfeen Malik, killed 14 people and injured 22 others in the city of San Bernardino, California. The couple were shot dead by the police in a shootout following a chase.

Brazil on the Path to a Different Revolution

Brazil on the Path to a Different Revolution

Posted by: on Nov 18, 2015 | No Comments

Brazil was considered to have the sixth largest economy in the world, both by nominal GDP and purchasing power. In 2012, its economy surpassed the United Kingdom, and Forbes ranked the country as being home to the fifth largest number of

Donald Trump: From Casino Magnate to Presidential Candidate

Donald Trump: From Casino Magnate to Presidential Candidate

Posted by: on Sep 14, 2015 | No Comments

Donald Trump came to be known all over the world for his sardonic humor and his magnetic personality when he starred in the famous television show, The Apprentice. Having first aired in 2004, the show ran for 14 seasons in two formats, The

Visa Restrictions from China Sharply Hit Macau’s Growth

Visa Restrictions from China Sharply Hit Macau’s Growth

Posted by: on May 6, 2015 | No Comments

Macau’s growth has been sharply hit as anti-corruption regulations in China, along with a ban on smoking in the Macau casinos and visa restrictions for gambling in Macau

Sheldon Richman: His Beliefs and Contributions

Sheldon Richman: His Beliefs and Contributions

Posted by: on Nov 19, 2014 | No Comments

An American writer, Sheldon Richman, is the vice president of The Future of Freedom Foundation (FFF) as well as the editor of the monthly journal of the FFF,