Economy

Q&A With Christine Lagarde

With so many financial markets driven by the utterings of central bankers, the words of the woman who is in effect the central banker’s central banker matter enormously. Christine Lagarde, 60, who is about to begin her second five-year term as head of the International Monetary Fund, has a remarkable… Source: Q&A With Christine Lagarde Read More »

What the Panama Papers tell us about Ireland

What links Putin, Flannery, and a Cavan man called ‘Paudie’? The Panama Papers dominated global media this week, toppling the Icelandic prime minister and embarrassing the UK’s, infuriating President Putin and prompting China to leap into censorship mode to try to protect its political… Source: What the Panama Papers tell us about Ireland Read More »

Future bright for Timor-Leste with hatchery opening

A new hatchery has been unveiled in Timor-Lester as a crucial part of its National Aquaculture Development Strategy (2012-2030). The plan aims to reduce undernourishment by increasing the consumption of fish per capita from 6-15kg by 2020… Source: World Fishing & Aquaculture | Future bright for Timor-Leste with hatchery opening Read More »

Britain suffers biggest downturn in productivity since the financial crisis

Britain has lurched further into its national productivity crisis, with hourly output at the end of last year registering its biggest quarterly fall since the 2008 financial crisis. Productivity, the crucial statistical metric that underpins overall economic growth and sustainable increases in national living standards, fell by 1.2 per cent in the three months to December, the Office for National Statistics has confirmed… Source: Britain suffers biggest downturn in productivity since the financial crisis | Business News | News | ... Read More »

Why few Americans in Panama Papers? Lawyer doesn’t want them

Rich and influential people around the globe have found themselves under siege since a major data leak revealed their ties to secretive financial accounts and shell companies in low-tax havens used to hide wealth.. The uproar has brought down the prime minister of Iceland and raised questions about the presidents of Argentina and Ukraine, senior… Source: Why few Americans in Panama Papers? Lawyer doesn’t want them – Chicago Tribune Read More »

The IMF In The Eurozone Crisis: Political Bankruptcy

It was wrong from the start. Going on the incorrect assumption that the Eurozone crisis could only be overcome with the help of the crisis-proven IMF, it was the German government above all that insisted on embedding the Fund as an equal partner in the Troika meant to draw up and monitor the rescue… Source: The IMF In The Eurozone Crisis: Political Bankruptcy Read More »

Venezuelans get Fridays off for two months to save energy

Venezuelan workers will get Fridays off for the next two months as part of an emergency plan to save electricity, the president said. Venezuela has the world’s largest proven oil reserves but its economy is a mess, with rampant inflation, shortages of goods as basic as soap and toilet paper and constant blackouts… Source: Venezuelans get Fridays off for two months to save energy – AMERICAS Read More »

Hundreds arrested as French police assault student protests against labour reform

After more than a million workers and youth marched Thursday in defiance of the state of emergency to protest Socialist Party (PS) labour minister Myriam El Khomri’s law, security forces yesterday violently attacked continuing demonstrations against the reactionary labour law reform… Source: Hundreds arrested as French police assault student protests against labour reform – World Socialist Web Site Read More »

French Students Protest at Labor Law Changes Despite Not Being Employed

Fresh demonstrations take place today in Paris, Marseille, Lille, Nantes, Rennes, Strasbourg and many other towns and cities as students on their Easter break take to the streets in protest at proposed changes to labor reforms which are being debated in the French parliament Tuesday… Source: French Students Protest at Labor Law Changes Despite Not Being Employed Read More »

“Nuit debout” movement grows in France to push back against labor reforms

Protesters took to the street in more than 30 cities in France today, in ongoing demonstrations against proposed changes to the country’s labor laws. The growing protests have morphed into what many liken to the Occupy movement in the U.S. FSRN’s Raphaël Krafft reports from Paris. Download Audio “Night on our feet, Prime Minister Valls on his knees” demonstrators chant, referring to French Prime… Source: “Nuit debout” movement grows in France to push back against labor reforms – FSRN Read More »

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

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 »