$12bn Berlin-Munich high-speed train plagued by glitches, cancellations in 1st week

Published time: 15 Dec, 2017 00:41 Deutsche Bahn’s high-speed rail line between Berlin and Munich has been plagued with delays, breakdowns and cancellations since it went into operation Sunday, amid allegations that the German rail operator was ill-prepared for the launch. The express line, designed to cut travel time between Germany’s two most important cities […]

Qatar buys $12bn worth of US fighter jets after Trump brands Doha ‘funder of terrorism’

Published time: 15 Jun, 2017 10:35 Qatar has signed a $ 12-billion contract to buy F-15 fighter jets from the US, the country’s defense ministry reported. The deal was announced just days after US President Trump accused Doha of supporting terrorism. The contract was apparently sealed after a Wednesday meeting between US Secretary of Defense […]

Is the Federal Reserve giving banks a $12bn subsidy?

EVERY time the Federal Reserve has raised rates since the financial crisis, as it did on March 15th, it has done so in part by increasing “Interest On Excess Reserves” (IOER). This obscure policy rate is surprisingly controversial. Jeb Hensarling, the Republican chair of the congressional committee that oversees the Fed, has called it a […]

Trump cuts US debt by $12bn in his first month in office, accuses media of ‘not reporting’ it

The US President Donald Trump has tweeted that he managed to decrease the US total public debt by US$ 12 billion during his first month in office while the former President Barack Obama increased it by US$ 200 billion over the same period. Trump has also accused the media of turning the blind eye to […]