Economy

Finally, a breakthrough alternative to growth economics – the doughnut

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Instead of growth at all costs, a new economic model allows us to thrive while saving the… George Monbiot The Guardian So what are we going to do about it? This is the only question worth asking. But the answers appear… Faced with a multifaceted crisis – the capture of governments by billionaires and their lobbyists, extreme inequality, the rise of demagogues, above all the… Even if they had the courage to act, they have no idea what to… Finally, ... Read More »

Explainer: how wage growth contributes to the economy

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The Fair Work Commission is considering whether to increase Australia’s minimum wage. The Australian Council of Trade Unions is arguing for a A$45-a-week… Graham White  The Converstation Industry, arguing that currently business has limited ability to afford wages increases, wants the increase capped at 1.5% (closer to… While I suspect most people immediately focus on wages as a… Explainer: how wage… Read More »

Sticky tar of climate politics oozes over oil reserve valuations

Climate - AEI

Environmentalist ideology and political ambition in combination make for a dangerous blend, and nowhere is that truth clearer than in the context of climate politics, the valuation of fossil-fuel reserves and accusations of “fraud.” Benjamin Zycher AEI With the deregulatory decisions of the Trump administration, in particular in the context of a severe prospective reduction in federal efforts to control emissions of greenhouse gases (GHG), various pressure groups and state… Sticky tar of… Read More »

Co-ordination a must for eurozone survival

EU - Irish examiner

The eurozone crisis is far less dangerous now than during its peak years of 2010-13. Herman Van Rompuy, Fabian Zuleeg, and Janis A Emmanouilidis Irish Examiner Growth has picked up across the EU and 5m jobs were created between 2014 and 2017. But the EU… Co-ordination a… Read More »

Anti-graft body investigating China’s chief insurance regulator

Xiang Junbo 1a Reuters

Xiang Junbo, head of the China Insurance Regulatory Commission and a member of the central bank’s monetary policy committee, is suspected of ‘serious disciplinary violations’, a… Reuters Asia Times The head of China’s insurance regulator is being investigated for… China’s top leaders have pledged this year to… Anti-graft body… Read More »

Crude oil jumps, yen gains, stocks slide as US attacks Syria

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Bonds and other so-called safe haven assets gained in Asia trading ASIA TIMES AND REUTERS Asia Times Oil prices jumped and the yen gained against the US dollar in Asia on Friday after the United States fired multiple cruise missiles at… Brent crude futures, the international benchmark for oil, jumped by… US President Donald Trump said he had ordered missile… Crude oil jumps… Read More »

Israel, European States advance plans for world’s longest underwater gas pipeline

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The proposed 2,000 kilometer (subsea pipeline would connect gas fields offshore Israel and Cyprus with Greece and possibly… SHARON UDASIN TheJPost Aiming to transform the Eastern Mediterranean into a regional energy hub, Israeli and European officials signed a joint declaration on Monday to promote construction of the world’s longest subsea natural-gas… Israel, European States… Read More »

DEPA sees natural gas role for Greece exiting from the crisis

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Interview with Greek natural gas company DEPA CEO Theodoros… By New Europe Greece’s Public Gas Corporation DEPA is the company that introduced natural gas to Greece implementing a… Following the EastMed energy roundtable in Brussels on March 28, DEPA CEO Theodoros Kitsakos spoke to New… DEPA sees natural… Read More »

Jeb Bush warns robots taking US jobs is not science fiction

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Former Florida Gov. Jeb Bush said Sunday that people “should be marching in the streets” to demand changes to “antiquated” education systems that… DANIEL CHAITIN Washington Examiner “The looming challenge of automation and artificial intelligence and the rapid advancement of technology brings great benefits but also creates huge challenges,” Bush… The threat of a… Jeb Bush warns… Read More »

Get ready for the spiritual economy

Asia Times

In 2013, the book The Spiritual Imperative: Sex, Age, and Caste Move the Future by American futurist Lawrence (Larry) Taub reached the top of the Japanese bestsellers list. Jan Krikke Asia Times Taub had attracted attention in Japan since the 1970s, giving lectures and predicting global developments. Some of his… Get ready for… Read More »

New World Disorder – Disintegration Stage Commences

Chess game - Global research

The mainstream media has a new in vogue phrase and you are sure to have heard it by now – ‘the rules based international order (or system)’. Graham Vanbergen Global Research The Royal Institute of International Affairs based in London, commonly known as Chatham House commented a several years ago that“Economic and political upheavals are emboldening… New World Disorder… Read More »

China’s yuan a long way from challenging almighty dollar

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IMF’s renminbi disclosure shows currency has only small impact on global foreign-exchange… TOM BUERKLE Asia Times When Deng Xiaoping set China on the course of market-oriented reform nearly 40 years ago, he called his pragmatic and incremental approach “stepping on stones to cross the… The Chinese currency’s much-ballyhooed entry into global finance has landed on a… China’s yuan a… Read More »

Oettinger tells EU27 to expect to cough up after Brexit

Günther Oettinger 1a Sean Gallup Getty Images

European Budget Commissioner Günther Oettinger said European countries would have to pitch in at least half of the United Kingdom’s share in the EU budget after… LAURENS CERULUS Politico “I could imagine that we try to economize a part and that the remaining 27 member countries agree upon how to contribute the remaining amount,” he said, according to… Oettinger tells EU27… Read More »

Portugal cuts its fiscal deficit while raising pensions and wages

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Growing out of it The Socialists say their Keynesian policies are working; others fret about Portugal’s… The Economist NO ONE would have called António Costa, Portugal’s Socialist prime minister, a fiscal hawk when he took office in November… After finishing second to the centre-right Social Democrats in an… Portugal cuts its… Read More »

Israel-Lebanon maritime dispute explained

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Lebanon will not yield its maritime territory to Israel, Lebanese officials… Matthew Joaquin Al Jazeera Beirut, Lebanon – Earlier this month, the new Lebanese government, led by President Michel Aoun, published a tender to explore untapped gas and… Lebanese Minister of Energy and Water Cesar Abou Khalil has said that the offshore resources could be a major economic boost for the… Israel-Lebanon maritime… Read More »

Serious Tax Reform Will Come to DC This Year

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Congress has backed itself into a… Grover G. Norquist The National Interest Substantive tax reform will pass in… Its outlines are clear and the details are… Keep in mind that the tax-reform package will be passed through the reconciliation process, which requires that changes not increase the deficit in years eleven to… Anything goes in the… Serious Tax Reform… Read More »