Finance

To fight racism, we need to craft a better ‘we’ and ditch the ‘us’ and ‘them’

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A sense of alienation is attracting people to populist leaders with simple solutions. But there are better solutions, ones that draw communities together Tim Hollo Pauline Hanson didn’t appear out of a vacuum. Like Donald Trump and Nigel Farage, she is a reaction to trends in our society, economy and politics. Their type… Source: To fight racism, we need to craft a better ‘we’ and ditch the ‘us’ and ‘them’ | Tim Hollo | Opinion | The Guardian Read More »

Australia does not have a welfare problem. We have a poverty problem

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While he talks of ‘revolutionary’ vision in the welfare sector, Christian Porter ignores the fact that unemployment is a failure of the market, not the person John Falzon You don’t build communities up by putting people down. Structural changes to the economy have resulted in entire communities being left without work and… Source: Australia does not have a welfare problem. We have a poverty problem | John Falzon | Opinion | The Guardian Read More »

Greece Needs to Be Honest About the Numbers

Companies — or even countries — that get themselves in trouble tend to have dicey numbers. Michael G. Jacobides If you don’t have the right data, you make the wrong decisions; and when you’ve taken the wrong decisions (out of poor judgment, bad luck, and especially incompetence), you’re often invented to try to make the… Source: Greece Needs to Be Honest About the Numbers Read More »

‘Greece must nationalize banking system’

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Rasmus believes Greece should nationalize its banking system in order to have some leverage in negotiations with the European Commission but Greek Prime Minister Alexis Tsipras and the Syriza Party have never played that card. “So you would have to nationalize the banking system because that is how ECB (European Central Bank) and the Germans and the… Source: PressTV-‘Greece must nationalize banking system’ Read More »

Hinkley Point: UK approves nuclear plant deal

The government has approved a new £18bn nuclear power station in the UK after imposing “significant new safeguards” to protect national security. The new plant at Hinkley Point in Somerset is being financed by the French and Chinese governments. However, the… Source: Hinkley Point: UK approves nuclear plant deal – BBC News Read More »

After Libya’s Oil Grab, Compromise Could Lead to a Restart of Exports

The seizure of Libya’s main pre-2013 oil terminals by an opposition force is a blow to the authority of Libya’s fledgling UN-backed Presidency Council. Claudia Gazzini But smart compromises might help restart the flow of oil, as Crisis Group’s Senior Libya analyst Claudia Gazzini explains in this Q… Source: After Libya’s Oil Grab, Compromise Could Lead to a Restart of Exports | International Crisis Group Read More »

BP chief executive: We have no plans to quit the Russian market

On the sidelines of the 2016 Eastern Economic Forum RBTH sat down with Robert Dudley, the BP chief executive, to discuss sanctions and Russia’s ambitious energy projects… Source: BP chief executive: We have no plans to quit the Russian market | Russia Beyond The Headlines Read More »

Greece is still grinding toward Grexit

Stephen Pope The Greek economy grew between April and June; although only by 0.2% An estimate by the statistics service show it shrank by 0.9% year-on-year Following sales-tax increases and pension cuts, consumer spending has fallen The economy has contracted by 25% since the debt crisis in 2009 It is time to be seriously contemplating “Grexit” once again It has been a while since I took a look at the tricky trouble spot of the… Source: Greece is still grinding ... Read More »

National investment banks: a radical proposal?

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National investment banks haven’t always proved a success. JOHN MARLOW Can they be implemented as part of a left-wing economic programme?… Source: National investment banks: a radical proposal? | openDemocracy Read More »

‘Lifestyle illnesses’ costing governments hundreds of millions of dollars annually: study

The financial burden of so-called lifestyle illnesses in working people aged 45 and over is costing governments hundreds of millions of dollars annually, reveals major study… Source: ‘Lifestyle illnesses’ costing governments hundreds of millions of dollars annually: study – ABC News (Australian Broadcasting Corporation) Read More »

The Cost of Keeping Companies in the United States

How should we stop corporations from leaving the United States, as both presidential candidates have vowed to do? By BRENT GLOVER and OLIVER LEVINE After Pfizer announced this year that it wanted to merge with the Ireland-based Allergan in a maneuver known as a corporate inversion, the Obama administration put in new tax rules that effectively scuttled the deal… Source: The Cost of Keeping Companies in the United States – The New York Times Read More »

John McManus: Why we have no right to spend Apple’s €13bn

The money does not belong to us and we should give it back to its owners John McManus One thing that seems to be taken for granted in the debate about what to do about with the putative Apple windfall is that the €13 billion in question is our money and… Source: John McManus: Why we have no right to spend Apple’s €13bn Read More »

The war on cash | openDemocracy

Banks, governments and fintech evangelists all hail a ‘cashless future’ as both inevitable and good. BRETT SCOTT  But this isn’t a frictionless utopia; it means that banks mediate our lives to an ever-greater extent. Source: The war on cash | openDemocracy Read More »

EU to find Apple owes Ireland billions in back taxes

Government to embark on aggressive campaign to rebut the commission’s findings Pat Leahy and Cliff Taylor The European Commission will in the morning find that Apple owes the Irish State “billions of euros” in back taxes when it rules that the… Source: EU to find Apple owes Ireland billions in back taxes Read More »

TTIP Dead: Massive US-EU Trade Deal Falls Apart Says German Vice-Chancellor

The collapse of a signature Obama administration trade pact marks a major defeat for free trade advocates and politico-economic globalism.. Free trade negotiations between the European Union and the United States have fallen apart in recent weeks with Europe reticent to open its agricultural industry to low-cost American “frankenfruits” in addition to concerns over the… Source: TTIP Dead: Massive US-EU Trade Deal Falls Apart Says German Vice-Chancellor Read More »

Is Putin’s Russia Headed for a Systemic Collapse?

Putin’s plan seems to be to sit tight and await a hike in oil prices—but long periods of stagnation haven’t gone well for Moscow in the past. The durability of the Russian political and economic system molded by Vladimir Putin has been the subject of much analysis and speculation, both… Source: Is Putin’s Russia Headed for a Systemic Collapse? – The American Interest Read More »