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Comment RSSI was looking up the status of North Korea’s debt, and to see how others rate the state. Then I ran into an interesting article about North Korean Debt Certificates. This thing is probably worth contemplating. As most North Korea watchers know, North Korea’s debt defaulted quite a while ago, and some of the debt was written off. Of course, …
Articles tagged with: Economics
Home » Tags » EconomicsDailyNK's article on curly noodles
June 3, 2009 # 2:03 pm # North Korea # No Comment
Update: My brain does not work. I forgot to divide by 12. Now I really look like an idiot. Still, about $1458 is a lot for ramen.
This posting may seem trivial to many who may not live in a repressive regime such as the one ruling North Korea. I also figured such a thing as ramen noodles as trivial, and …
Questions to readers: National bankruptcy
March 3, 2009 # 3:55 pm # Other Topics # One Comment
I am not an economist, and this question is for those that may understand this subject more than I.
The question is regards to possibility and debate over sovereign bankruptcy. Financial crises have come and gone for many countries, and this current financial crisis in the United States and elsewhere in the world has markets reeling, credit harder to get, and …
North Korea's food shortages have not gone away
December 8, 2008 # 9:46 pm # North Korea # No Comment
North Korea’s ongoing food crisis has not gone away, and the newest reports are telling the same story that the DPRK has been telling for many years.
The U.N. gave yet another grave outlook for the ongoing crisis, which appears to be worsening. This is further collaborated by anecdotes provided by Good Friends and the good folks at the Peterson Institute.
The …
