Finance

This 50 Year-Old Economics Book Helps Explain the Corporate Republic We Live In

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Revisiting my father’s great work of theory can help us figure out what will take the place of faith in the free… James K. Galbraith The Nation The New Industrial State was my father’s great work of theory. First published in 1967, nearly a decade after the triumph of The Affluent Society, The New Industrial State went beyond criticism of… This 50 Year… Read More »

PM: Timor-Leste should be in WTO

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Prime Minister Hun Sen yesterday called for Timor-Leste to be made a member of the World Trade Organization (WTO), so the… Khmer Times Mr. Hun Sen made the call at the opening of the Fifth China Round Table on World Trade Organization Accessions in… Mr. Hun Sen recalled how joining the WTO in 2004 helped Cambodia open its… PM: Timor-Leste… Read More »

How homophobia hurts workers and businesses

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Homophobia is costly to workers and the businesses that employ them, research shows. Raymond Trau ABC Unfortunately, it’s still prevalent in Australia and the latest lobbying from 34 business leaders for marriage equality emphasises the need for it to be addressed both within and outside the workplace. It’s little wonder… How homophobia hurts… Read More »

EU income inequality and the Great Recession

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EU-wide income inequality declined notably prior to 2008, driven by a strong process of income convergence between European… Eurofound The Great Recession broke this… After 2008, income convergence has been sluggish, while inequality within many countries has increased… Despite the implicit… EU income inequality… Read More »

Empire 2.0 is dangerous nostalgia for something that never existed

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Hopes that post-Brexit Britain can boost Commonwealth trade is ill-founded Those countries have moved on… David Olusoga The Guardian When Lord North, prime minister at the time of the American revolution, received the news that British forces had lost the war, and with it the… Empire 2.0 is… Read More »

Reunited Cyprus’ property compensation bill

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His vast legal experience in displaced persons’ property cases before Strasbourg-based EU courts have prompted Nicosia lawyer… Annie Charalambous in-cyprus “Because, at the end of the day, one has to think for himself and decide whether he/she is part of the solution or part of the problem… “I am not an economist, but I adopted a model on an X and… Reunited Cyprus’ property… Read More »

Arthena uses data science to find the best investments in art

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We all have our opinions about art (even if that opinion is just I don’t get it) — but what about art as an investment? TechCrunch Arthena, which is part of the current batch of startups at Y Combinator, says it can help investors make money reliably from… Founder and CEO Madelaine D’Angelo said Arthena first launched… Arthena uses data… Read More »

G20 finance ministers drop anti-protectionist pledge

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Finance ministers from world’s biggest economies have dropped an anti-protectionist commitment after opposition from the… BBC G20 ministers left the two-day meeting without renewing their long-standing pledge to bolster free… Last year, the group of the world’s 20 largest economies vowed to “resist all forms of… G20 finance ministers… Read More »

Industry by Design?

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Industrial policies come in many shapes and sizes, but some strategies to nurture domestic firms and industries have clearly worked better than… Project Syndicate Understanding why may hold the key to creating the conditions for contemporary growth and… CAMBRIDGE – A quarter-century ago, in the wake of the Thatcher and… Industry by… Read More »

Das Knowhow Kapital

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JOHANNESBURG – It has been a quarter-century since apartheid ended, and 23 since the African National Congress took power in South… Ricardo Hausmann Project Syndicate But, as President Jacob Zuma reported in his recent State of the Nation Address, the country’s whites remain in… “White households earn at least five times more than black… Das Knowhow… Read More »

2 big banks raise alarm over Toronto housing ‘bubble’

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Housing price surge of 23% in a year can’t continue, BMO and TD… Pete Evans CBC News Two big banks are waving red flags about Toronto housing prices, calling them “simply unsustainable” and a “bubble” in separate… The Canadian Real Estate Association said this week that average house prices across the Greater Toronto Area hit $727,300 in February, a… 2 big banks… Read More »

Stagnating Turkish Tourism Looking For Alternative Source Markets

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Turkish tourism has been stagnating for the past… TourismReview The industry has been suffering for many reasons. Safety concerns, political instability and terrorism are some of the issues connected to the fall of the once top summer… However, all may not be lost just yet, as Turkey aims to revive its main source markets like Russia, as well as concentrate on new… Stagnating Turkish Tourism… Read More »

China: Trade war will only bring ‘pain’

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China on March 11 warned the U.S. against launching a trade war, saying that both countries would suffer if U.S. President Donald Trump follows through on his… BEIJING – Agence France-Presse Hurriyet The billionaire politician has repeatedly accused China of using unfair trade policies to steal jobs from the US, threatening to… “A trade war is not in the… China: Trade war… Read More »

Juncker: No to nationalism, yes to industry

PORT TALBOT, WALES - AUGUST 8:  Residential housing rests near the Corus steelworks on August 8, 2006 in Port Talbot, Wales.  Corus, formerly known as British Steel is Europe's second biggest steelmaker. (Photo by Scott Barbour/Getty Images)

Commission president outlines his vision for Europe as EU leaders gather in Brussels. Jean-Claude Juncker Politico As EU leaders gather in Brussels Thursday, they will take stock of Europe’s efforts to create jobs, generate growth and improve competitiveness. European industry has Juncker: No to… Read More »

China cuts its growth target to 6.5% for 2017

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China has cut its growth target this year. The world’s second-largest economy aims to expand by 6.5%, the premier announced at the opening of the… EuroNews The country had set a target of 6.5% to 7% last year, and achieved 6.7%, supported by record bank loans, a speculative housing boom and billions in… China cuts its… Read More »

Updating Cyprus’ money-laundering record

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Just over two weeks ago, Transparency International published a report called “Top Secret Countries Keep Financial Crime Fighting Data to… Fiona Mullen in.cyprus Transparency and good preventive practices are important because money-laundering cases are difficult to… The Magnitksy case, for example, has been open in… Updating Cyprus’ money… Read More »