Business

Malcolm Turnbull defends saying wealthy parents should ‘shell out’ to buy their kid a house

Malcolm Turnbull has defended his suggestion that wealthy parents should buy their children homes to help them into the expensive housing market, with Labor accusing the multi-millionaire Prime Minister of being “out of touch.” Wealthy parents should “shell out” and buy their children houses, Mr Turnbull said in off-the-cuff remarks on Wednesday, comments which have been seized on by the opposition… Source: Malcolm Turnbull defends saying wealthy parents should ‘shell out’ to buy their kid a house Read More »

Economist Paul Craig Roberts: Greece Must Leave the Eurozone to Regain Its Sovereignty

In Greece, the Syriza-led coalition government is now set to agree to new rounds of cuts and privatizations demanded by the country’s lenders. Prior to its initial election in January 2015, Syriza had promised to abolish the country’s loan agreements and austerity policies. Now, unemployment remains at record levels, and the young and educated continue to leave the country, while recent large-scale privatizations such… Source: Economist Paul Craig Roberts: Greece Must Leave the Eurozone to Regain Its Sovereignty Read More »

Doubts rise over TTIP as France threatens to block EU-US deal

French president rejects trade pact in current form as lead negotiator blames Washington for impasse a day after leak revealed ‘irreconcilable’ differences.. Doubts about the controversial EU-US trade pact are mounting after the French president threatened to block the deal… Source: Doubts rise over TTIP as France threatens to block EU-US deal | Business | The Guardian Read More »

South Korea and Iran expected to sign major trade deals

Presidents meet in Tehran with North Korea’s nuclear disarmament a topic of discussion. South Korea and Iran are expected to sign several trade deals worth billions of dollars and discuss sensitive subjects like North Korea following President Park Geun-hye’s arrival in Tehran with a large group of business leaders… Source: South Korea and Iran expected to sign major trade deals – AJE News Read More »

Puerto Rico to default on debt payment after talks fail

Puerto Rico has halted a $422m (£289m) debt payment due on Monday after talks to ease the US territory’s crisis ended without a deal. Governor Alejandro Garcia Padilla said in a televised speech he had issued an executive order suspending payments. He described it as a “painful decision”, but had been warning since last year that… Source: Puerto Rico to default on debt payment after talks fail – BBC News Read More »

Craig Wright revealed as Bitcoin creator Satoshi Nakamoto

Australian tech entrepreneur says he is creator of controversial digital currency. Australian tech entrepreneur Craig Wright has told the BBC he was the creator of controversial digital currency bitcoin after years of speculation about a person who until now has gone by the name of Satoshi Nakamoto… Source: Craig Wright revealed as Bitcoin creator Satoshi Nakamoto Read More »

How Norway Dispels the Private vs Public Sector Myth

Lere 1a

A strong state capable of building infrastructure is not enough. It must also be an inclusive state. David Sloan Wilson and Sigrun Aasland Economics It’s no secret that the Scandinavian nations are doing something right. They consistently lead the world in measures of happiness and quality of life. Political guru Francis Fukuyama called the search for the good society “getting to Denmark”. Even The Economist magazine featured a goofy looking Viking on its cover with the headline “The Next Supermodel”. How ... Read More »

Morrison’s ruling on Kidman & Co sale redefines the national interest test

In making a preliminary decision on the sale of S. Kidman & Co to a Chinese consortium, the Treasurer Scott Morrison has shed some light on what the government defines as being in the “national interest”. He describes the Chinese bid as being contrary to Australia’s national interest, because… Source: Morrison’s ruling on Kidman & Co sale redefines the national interest test Read More »

Tony Blair courted Chinese leaders for Saudi prince’s oil firm

Tony Blair obtained a “blessing” from Chinese leaders for a company owned by a Saudi prince to do business in China as part of an arrangement that paid the former UK prime minister’s firm £41,000 a month and a 2% commission on any multimillion-pound contracts he helped to secure… Source: Tony Blair courted Chinese leaders for Saudi prince’s oil firm | Politics | The Guardian Read More »

President Obama Weighs His Economic Legacy

Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.P. is growing. Why do so many voters feel left behind? The president has a theory… By ANDREW ROSS SORKIN Source: President Obama Weighs His Economic Legacy – The New York Times Read More »

“Nestlé Is Trying to Break Us”: A Pennsylvania Town Fights Predatory Water Extraction

Donna Diehl, a 55-year-old school bus driver from Kunkletown, Pennsylvania, a small historic town located on the edge of the Poconos, wanted to do three things this year: drive the bus, paint her bathroom and learn to crochet. Instead, Diehl, along with dozens of her neighbors, is spending her time trying to stop the largest… Source: “Nestlé Is Trying to Break Us”: A Pennsylvania Town Fights Predatory Water Extraction Read More »

Thailand to sell 11.4m tonnes of rice

Vunu 1a

Thailand plans to sell the remaining 11.4 million tonnes of rice in government stockpiles within two months, the country’s rice management board says. The world’s second-biggest rice exporter after India has been reducing stocks left over after the end of a rice-buying scheme under the previous, civilian… Source: Thailand to sell 11.4m tonnes of rice | The Mercury Read More »

BP set to clean up with new super fuel Ultimate with ACTIVE technology

BP’s new super fuel could signal better times ahead for the troubled oil giant.. Analysts have given a cautious thumbs-up to its Ultimate brand with ACTIVE technology, a dirt-guzzling compound that works with vehicles of all ages, cleaning and prolonging engine life, improving performance and cutting consumption… Source: BP set to clean up with new super fuel Ultimate with ACTIVE technology | City & Business | Finance | Daily Express Read More »

US primaries: How the US election is changing the global economic debate

Donald Trump and Hillary Clinton’s convincing party wins in the New York primary for their parties’ presidential nomination have accelerated what has already been a contest of historic proportions. What is remarkable isn’t so much the theatrics and personalities but the underlying changes in play… Source: US primaries: How the US election is changing the global economic debate Read More »

Mitsubishi Motors office raided over fuel economy tests

Japanese officials raid an office of Mitsubishi Motors following the revelation on Wednesday that it had falsified fuel economy data. The officials searched its plant in the central Japanese city of Okazaki. Mitsubishi has admitted that employees altered data to flatter mileage rates on more than 600,000 vehicles…. Source: Mitsubishi Motors office raided over fuel economy tests – BBC News Read More »

How America Can Reap the Benefits of Brexit

The conventional wisdom is that a decision by British voters this June to leave the European Union would be bad for the United States. The… Source: How America Can Reap the Benefits of Brexit | Foreign Policy Read More »