Economy

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 »

GM debate lost in EU

BAYER board member Kemal Malik has painted a gloomy picture about the state of play in Europe for Genetically Modified cropping and the technology’s future. Mr Malik is responsible for innovation with a budget of 4 billion Euro per year (AU$5.9b) on Research and Development in the company’s… Source: GM debate lost in EU – Agriculture – General – News – Farm Weekly Read More »

The Economic Dimensions of a Cyprus Settlement

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Interview with Dr. Aris Petasis January 26, 2016 Larnaca, Cyprus Transcript Dr Christodoulos Pelaghias (C.P.): Good afternoon and welcome to our discussion on the economic dimensions of the Cyprus settlement. This evening we have with us, once again, Dr Klearchos Kyriakides, Head of our own institute’s Law and Democracy Programme, and Dr Aris Petasis, an expert in international business management. Just before I start, I have to say that all parties here speak at their own individual capacity, and not ... Read More »

The end of capitalism has begun

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Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian.. The red flags and marching songs of Syriza during the Greek crisis, plus the expectation that the banks would be nationalised, revived briefly a 20th-century dream: the… Source: The end of capitalism has begun | Books ... Read More »

This Billionaire Governor Taxed the Rich and Increased the Minimum Wage — Now, His State’s Economy Is One of the Best in the Country

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The next time your right-wing family member or former high school classmate posts a status update or tweet about how taxing the rich or increasing workers’ wages kills jobs and makes businesses leave the state, I want you to send them this article. C. Robert Gibson  The Huffington Post When he took office in January of 2011, Minnesota governor Mark… This Billionaire Governor… Read More »