Economy

When China’s far-flung fishing fleet trespasses in other nations’ waters, Beijing has its back

With fish stocks declining in much of the Asia-Pacific region, it’s tempting for fishing fleets—from any country—to venture into waters belonging to another nation. In the case of China, fishing boats appear to be giving in to that temptation with some confidence, perhaps… Source: When China’s far-flung fishing fleet trespasses in other nations’ waters, Beijing has its back – Quartz Read More »

Nobel laureate: Europe would be better off with split currency, euro-South & euro-North

Terror, the refugee influx and the unstable economies of its members are plaguing the European Union. The crisis, brought by the war in the Middle East is straining already weakened infrastructure in many countries across Europe. The first stop on the immigration route is Greece, which is struggling to maintain itself even without millions of refugees coming through… Source: Nobel laureate: Europe would be better off with split currency, euro-South & euro-North RT — SophieCo Read More »

Greens pledge to scrap capital gains tax discount and raise $119.5bn in decade

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Labor’s plan to halve capital gains tax discount would generate just $32.1bn over decade, but both parties say their policies will slow increase in housing prices.. The Greens have announced the detail of a plan to phase out capital gains tax discount over five years, raising much more revenue than Labor’s plan to halve it. Investors now get a 50% discount on the tax they pay on capital gains when… Source: Greens pledge to scrap capital gains tax discount and ... Read More »

Shaking up the Federation through taxation

This week’s announcement by the Prime Minister about a possible change in income taxation might have come as a surprise to many people. As it was pointed out by many economists, journalists and the opposition leader, the current income taxation structure, where the Federal Government collects all income tax and doles it out to the States has been in place since 1942… Source: Shaking up the Federation through taxation | Constitution Education Fund Australia Read More »

Defending free speech on college campuses

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Free expression is not faring well on American college campuses these days. In some places, the problem is students taking grave offense at opinions that merit only minor umbrage or none at all. In others, it’s official speech codes that chill discussion. In still others, it’s administrators so intent on preventing sexual harassment that they avoid open discussion of gender-related matters… Source: Defending free speech on college campuses – Chicago Tribune Read More »

The Chinese want to buy more American companies — and we should let them

Instead of being a threat to U.S. security, it’s the best way to reduce tensions… Zachary Karabell is the head of global strategy at Envestnet, a financial services firm, and the author of “The Leading Indicators: A Short History of the Numbers That Rule Our World.” China was poised to make its largest-ever investment in the United States this past week, after the Chinese insurance group Angbang topped Marriott in a… Source: The Chinese want to buy more American companies ... Read More »

We ignore the debt at our peril

This article appears in the March 28, 2016 issue of National Review. Writing in this space five years ago, I made the controversial prediction that the rating of U.S. government debt would soon be downgraded. In August of that year, Standard & Poor’s duly obliged. I revisited the topic in November 2011 and argued that the U.S. would probably not regain its stain-free AAA rating anytime soon: The history of downgrades is that they endure. At this writing, the U.S. ... Read More »

Banks to feel slowing housing market

Banks’ vast home loan businesses are tipped to face less buoyant conditions this year as mortgage growth slows and the number of customers falling behind on home loans edges up from record lows. Credit ratings agency Moody’s on Thursday forecast mortgage arrears would rise from current low levels over 2016 because of the slowing housing market and a sub-par economy and the… Source: Banks to feel slowing housing market Read More »

Ensuring the E.U.’s Natural Gas Supply

European demand for natural gas is likely to increase, but the future of the supply remains uncertain. Whether Russia or the European Union take the lead, whoever builds the best pipeline will secure access to the market for decades to come… Source: Ensuring the E.U.’s Natural Gas Supply · Handelsblatt Global Edition Read More »

Global Price Decline Unlikely to Impact Trans-Adriatic Pipeline

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A planned pipeline that would link the gas fields of Azerbaijan to eager European consumers is unlikely to be impacted by the broader, sustained decline in global energy prices, according to a project manager from Greece. Speaking at an energy conference in Athens, Rikard Scoufias – a local manager for the Trans Adriatic Pipeline- stated that the… Source: Global Price Decline Unlikely to Impact Trans-Adriatic Pipeline – Forbes Read More »

Brazil Finance minister disregards calls from Lula for tax breaks and more credit

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Brazilian Finance Minister Nelson Barbosa said on Tuesday it is not the time for more tax breaks, disagreeing publicly with former president Lula da Silva’s call for fiscal stimulus to revive a moribund economy. Lula, President Dilma Rousseff’s predecessor and political mentor, urged the government this week to give more tax… Source: Brazil Finance minister disregards calls from Lula for tax breaks and more credit — MercoPress Read More »

After 115 years, Scotland is coal-free : Renew Economy

After some 115 years, Scotland has burned its last lump of coal for electricity. The Longannet power station, the last and largest coal-fired power plant in Scotland, ceased operations last Thursday. What once was the largest coal plant in Europe shut down after 46 years before the eyes of workers and journalists, who gathered in the main control room. “Ok, here we go,” said one worker moments… Source: After 115 years, Scotland is coal-free : Renew Economy Read More »

Holyrood 2016: Greens propose 60p tax rate for highest earners

THE Greens have set out plans to introduce a new top rate of income tax of 60p for Scotland’s highest earners. But the party pledged everyone earning £26,500 a year or more would get to keep more of their cash under its “progressive” income tax plans It would scrap the… Source: Holyrood 2016: Greens propose 60p tax rate for highest earners – The Scotsman Read More »

Careless Donald Trump is a danger to Australia and Asia

Donald Trump has made an idiotic and potentially incendiary claim about one of the world’s most flammable strategic tinder boxes. Asia has serious strategic problems. It needs serious strategic solutions. Instead, on the weekend it got the thoughts, if that’s what you can call them, of Donald Trump… Source: Careless Donald Trump is a danger to Australia and Asia Read More »

Is the Nine Dash Line a Super-Sized Exclusive Economic Zone?

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China opened up a new front for South China Sea conflict this week when one of its coast guard vessels collided with an Indonesian coast guard ship in the process of towing a captured Chinese vessel alleged to be engaged in illegal fishing. In a remarkably direct and frank statement, Indonesia’s Foreign Minister protested China’s… Source: Is the Nine Dash Line a Super-Sized Exclusive Economic Zone? – Lawfare Read More »

Analyst: Manila vs Beijing ruling to affect nations with similar claims

Other nations with expansive maritime claims over remote islets around the globe may have to reconsider their position if the international tribunal will rule in favor of Manila, an analyst said… Source: Analyst: Manila vs Beijing ruling to affect nations with similar claims | Headlines, News, The Philippine Star | philstar.com Read More »