The Australian mining giant Timberland has said it will close its mills in 2019 after a decade-long slump.The company has been grappling with declining revenue and mounting debt since 2009, when it was purchased by the Chinese company Dongfeng.Timberland’s first mill in Western Australia closed in 2018, and its second in South Australia in 2019.Timbers […]
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Which country has the best stock market?
The global stock market is in a period of crisis.In this article, we’ll look at what we know and what we can expect from the market going forward.
A study finds the value of the capital market for the top 1% of workers is less than the value for all workers
In the United States, the capital stock is valued at $4 trillion, with the top 0.01% owning an average of just $4,600 per year.But the average wage in the U.S. is $8.63 an hour.According to a study published this week in the Journal of Economic Perspectives, the value is only $1,846 for the bottom half […]
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