Business

US calls for smaller deficits in new NAFTA talks

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The US government says trade deficits and market access will top the agenda as it renegotiated trade terms with Mexico and Canada. BBC US President Donald Trump has described the North American Free Trade Agreement (NAFTA) as a “disaster” and ordered fresh talks earlier this year. The objectives have been released in advance of the start of meetings with Canada and Mexico next month. Economists have warned that reaching the goals might be… US calls for… Read More »

Circular economy isn’t a magical fix for our environmental woes

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Solving our ecological crises means diluting the power of global corporations – not propping them up Micha Narberhaus and Joséphine von Mitschke-Collande The Guardian The circular economy’s June jamboree in Finland, attended by around 1,500 experts and policymakers, showed just how much momentum the concept has gained in… Little wonder. The circular economy model – which aims to use closed-loop production to keep resources in play for as long as possible – is presented as a pragmatic, win-win solution; an ... Read More »

Refugees are helping others in their situation as social entrepreneurs

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While on the run from war, persecution and natural disasters, refugees are actually helping others in their situation. Jarrod Ormiston The Conversation They are creating organisations and enterprises that train and offer jobs to fellow refugees, giving them a fresh start. And its these enterprises that are also helping countries to overcome some of the challenges of economic and social integration. Our study mapped the… Refugees are helping… Read More »

Al Gore: Australian government subsidising coal power would be ‘crazy’

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Former US vice president and climate change campaigner says providing funding for infrastructure to support Adani coal mine is ‘just… Calla Wahlquist The Guardian Any move by the Australian government to subsidise coal-fired power would be “crazy” and providing funding for infrastructure to support the Adani coal mine is “just nuts,” former US vice president and… “Globally, the world is moving rapidly away from subsidies to fossil fuels,” he… “It would be odd if Australia went in the opposite direction ... Read More »

Rich Pakistanis pay little under country’s unjust tax system

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The poor pay 80% of total taxes collected in Pakistan while the rich contribute a miserable 5% because of special rights, privileges or concessions F.M. Shakil Asia Times The poorest of the poor pay 80% of taxes collected in Pakistan while the rich, whose total contribution to overall tax revenue does not exceed 5%, enjoy special rights or… The poor pay huge indirect taxes on utilities, petrol, and mobile communication which come to 80% of the country’s total… The 36 ... Read More »

Just 100 companies responsible for 71% of global emissions, study says

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A relatively small number of fossil fuel producers and their investors could hold the key to tackling climate change Tess Riley The Guardian Just 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988, according to a new report. The Carbon Majors Report (pdf) “pinpoints how a relatively small set of fossil fuel producers may hold the key to systemic change on carbon emissions,” says Pedro… Just 100 companies… Read More »

How Can Greece Pay Back China?

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EXECUTIVE SUMMARY: China and Greece have an almost entirely one-sided economic relationship. Roie Yellinek       BESA China’s deep involvement in Greece is part of a long-term strategy to achieve control of the marine paths from China to the EU. This strategy means China is willing to invest and take part in the rehabilitation of Greece – but there will be a price to be paid for… How Can Greece… Read More »

UK business group: Government has no ‘clear plan’ for Brexit

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The President of the Confederation of British Industry Paul Dreschler said that business was “no wiser” about Brexit than a year… Joshua Posaner  Politico The U.K. government has no “clear plan” for Brexit and needs a “serious fact-based discussion about what the future looks like” outside the EU, Paul Drechsler, president of the Confederation of British Industry lobby group, said… Speaking on Sky News’ Sophy Ridge on Sunday show, Drechsler said that… UK business group… Read More »

The European Union Has a Currency Problem

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Germany is largely to blame for it. Milton Ezrati The National Interest Donald Trump, for all his rhetorical clumsiness and intellectual limitations, still sometimes makes a valid point. He does when he says that Germany is “very bad on trade.” However much Berlin claims innocence and good intentions, the fact remains that the euro heavily stacks the deck in favor of German exporters and against others, in Europe and further… It is surely no coincidence that the country’s… The European ... Read More »

Fishermen Suspect Tory Brexit Pledge Masks Betrayal on £6.3bn Fishing Zone

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The Government has committed to scrapping the Fisheries Convention of 1964, allowing Britain to take back control of its territorial waters from the EU out to twelve… Jack Montgomery Breitbart But a Fishing for Leave spokesman told Breitbart London fishermen are concerned that failure to commit to reclaiming the country’s full, 200-mile Exclusive Economic Zone (EEZ) signals an… Designed to pave the way for Britain’s absorption into the European Economic Community, as the… Fishermen Suspect Tory… Read More »

Ex-bosses stand trial over Japan’s 2011 Fukushima nuclear crisis

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Three former executives at the operator of Japan’s Fukushima nuclear plant went on trial June 30, the only people ever to face a criminal court in connection with the 2011 meltdowns that left… Hurriyet Ex-Tokyo Electric Power (Tepco) chairman Tsunehisa Katsumata, 77, and former vice presidents Sakae Muto, 66, and Ichiro Takekuro, 71, all pleaded not guilty to charges of professional negligence… Katsumata told a three-judge panel hearing the case that it was… Ex-bosses stand… Read More »

What Happened to America’s Wealth? The Rich Hid It

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If you find yourself traveling this summer, take a closer look at America’s deteriorating infrastructure — our crumbling roads, sidewalks, public parks, and train and… Chuck Collins CounterPunch Government officials will tell us “there’s no money” to repair or properly maintain our tired infrastructure. Nor do we want to raise taxes, they say. But what if billions of dollars in tax revenue have gone… What Happened to… Read More »

Farmers join fight against Adani coalmine over environmental concerns

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More than 2,000 farmers and agriculture leaders express concern proposed Carmichael coalmine could affect groundwater, biodiversity and… Michael Slezak The Guardian A group of Australian farmers have joined the large coalition of groups fighting against Adani’s giant Carmichael coalmine, after they became concerned about the affects the mine would have on groundwater, biodiversity, rural communities and… Farmers for Climate Action – a group of more than 2,000 farmers and… Farmers join fight… Read More »

Home ownership remains strong in Australia but it masks other problems: Census data

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The great Australia dream of owning your own home is still alive despite the various problems plaguing housing affordability, new Census data shows. Wendy Stone Kath Hulse Margaret Reynolds Terry Burke The Conversation Even though the overall home ownership trend remains strong, it’s masking other issues. The latest 2016 Census data assesses what the national home ownership and rental rates are and how these vary location. It also gives us a picture of mortgage and… Home ownership remains… Read More »

World food security risks growing, Chatham House says

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The world’s food security is increasingly reliant on 14 “chokepoints” for trade, a think-tank report has warned. BBC UK-based Chatham House says more needs to be done to protect key transport routes such as the Panama Canal, the Suez Canal and the Turkish… Almost 25% of the world’s food is traded on international markets. This, the report says, makes food supply and prices vulnerable to unforeseen crises or climate… World food security… Read More »

Finnish citizens given universal basic income report lower stress levels and greater incentive to work

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Participants receive €560 (£473) every month for two years and do not have to demonstrate that they are actively seeking work Ben Chapman Independent Finland has been giving 2,000 of its citizens an unconditional income for the last five months and some are already seeing the benefits, reporting decreased stress, greater incentives to find work and… The scheme is the first of its kind in Europe and sees participants receive €560 (£473) every month for two… Finnish citizens given… Read More »