Category Archives: Economy
The Keynesian experiment
By Ezra Klein It’s become common to hear Republicans saying that Democrats’ “Keynesian experiment,” or in Paul Ryan’s case, their “Neo-Keynesian economic experiment,” has failed. You’d think that Keynesian economics was a big divide between the parties. But it wasn’t and it’s not.
Bracing for the Double-Dip: The Imperative of Development
Written by Frederic Labarre At the beginning of the second quarter of 2010, the danger of a “double dip” that is, a sudden second economic plunge seems to be looming. Some of the indicators that by now must be considered structural of the new economy have been a see-sawing in performance of the major stock [...]
Beware of Greeks Bearing Bonds
As Wall Street hangs on the question “Will Greece default?,” the author heads for riot-stricken Athens, and for the mysterious Vatopaidi monastery, which brought down the last government, laying bare the country’s economic insanity. But beyond a $1.2 trillion debt (roughly a quarter-million dollars for each working adult), there is a more frightening deficit. After [...]
Bob Diamond and the rise of investment bankers
by John Gapper You can’t keep an investment banker down, especially if he is near the top of of a European universal bank. That is the moral of Bob Diamond’s emergence as the next chief executive of Barclays, despite having been declared the “unacceptable face” of banking by Peter Mandelson. Mr Diamond’s appointment as the [...]
Australia’s AAA rating secured despite risks
Peter Martin WHATEVER the shape of the next government, Australia remains among the safest places in the world to invest. The credit rating agency Standard & Poor’s has reaffirmed Australia’s top AAA rating, saying there is no point waiting for an election outcome because it will not make any difference.
How the War on Terror is Bankrupting the World
Loretta Napoleoni, Seven Stories Press 2010 Economist and best-selling author Loretta Napoleoni traces the link between the finances of the war on terror and the global economic crisis, finding connections from Dubai to London to Las Vegas that politicians and the media have at best ignored.
Azerbaijan: Vulnerable Stability
Baku/Tbilisi/Brussels: If it continues to ignore the need for economic and political reform, Azerbaijan will squander an historic opportunity to use the country’s energy resources to build a more durablestate system and a prosperous nation. The latest report from the International Crisis Group, examines how oil money has entrenched a stagnant political system, making [...]
The Fed’s Liquidity Trap: The American and world economies are in a deliberate state of slow collapse
by Bob Chapman Almost two years ago the US Treasury was selling large amounts of short-term Treasury bills to fund bailouts and stimulus. That caused a major increase in debt. Most of that paper was 2-year bills and it is coming due for rollover shortly. While that transpires, October will report the annual fiscal deficit [...]
The Sovereign Bebt Crisis
By Monroe Newman*
Insuring REDD Projects: Questions and Answers
Author: Gus Kent and Gabriel Thoumi Just a few weeks of actual negotiating time remain before the year-end summit in Cancun, and climate talks are a mess. Sure, most parties agree it’s a good idea to reduce greenhouse gas emissions by saving trees, but that’s about all they agree on. This all highlights the amount [...]
Will Israel attack Lebanon to steal its gas?
by Alfredo Jalife-Rahme*
How to buy happiness
Barefoot Investor Scott Pape From: Herald Sun YOU’D think we would know how to spend our money in ways that bring us the most happiness, but psychologists suggest we suck at it. This week I found it out for myself. I turned my house upside down after losing my watch. No sign of the watch, [...]
Less wind, low prices hit windfarm earnings
Less wind and lower electricity prices than expected affected NZ Windfarms’ full year results. For the year to June the company reported a loss before asset impairments, depreciation, amortisation, discount on acquisition and tax of $533,000. That was better than the previous year result of a $626,000 loss, but also compared with a prospectus forecast [...]
What is the moral or economic defence of extending the Bush tax cuts?
By Amol Rajan Eagle Eye
A marriage of convenience
13404 George Gilson
