News Ticker

Economics

A Review of “Grave New World”, by Stephen D King

4 July 2017

Published: Yale University Press (2017) I was looking forward to reading this book, Stephen D King has an excellent reputation and he has a key role at HSBC, while also advising the House of Commons Treasury Committee. The advance notices were also excellent and the author is writing about an [read more]

Does Cutting Taxes on the Wealthy Lead to Greater Growth?

26 June 2017

Michael Pettis Policies that increase income inequality can in some cases lead to higher savings, higher investment, and greater long-term growth. But, in other cases, such policies either reduce growth and increase unemployment or force up the debt burden. What determines which of these outcomes [read more]

Guaranteeing Employees Against Losses

15 June 2017

MICHAEL PETTIS A number of Chinese companies are trying to shore up their stock prices with programs that encourage employees to buy shares and ensuring them against losses. These programs have implications about leverage in China and about the way losses may be distributed within the banking [read more]

Oil: A Profitable Business

10 April 2017

In 2008 ExxonMobil announced that had beat its own record for the highest profit ever recorded by a U.S. company, making US$40.6 billion in 2007; and that its sales, were over US$404 billion, which “exceeded the gross domestic product of all but the 24 richest countries in the world”.[1]  [read more]

The Role of ExxonMobil

10 April 2017

There are many groups which promote a different view from that of the IPCC and of the scientific community, and a number of these groups are commercially funded by energy companies and others with a strong commercial interest in denial.  One of the most important statements of the dangers of [read more]

“The World in Crisis” by Andrew Palmer, a Synopsis

10 April 2017

Paradigm Shifts and an Inflection Point   – This is a Synopsis of “The World in Crisis”, which will be published later this year (2017) The World in Crisis is an account of the fundamental and systemic problems that we face today, and the way in which these stresses will interact [read more]

Get climate money to those who need it

20 March 2017

Clare Shakya International climate finance is often accounted for in terms of megawatts of renewable energy or tonnes of carbon emission saved; everyone needs to ensure that those facing direct climate change impacts get much more of the money Thanks to recent political changes in some developed [read more]

China’s hydro expansion will fail without energy market reform

13 January 2017

Liu Qin: China’s government must tackle wastage in the energy sector before bringing more hydropower online in the southwest and Tibet. Energy demand in China is slowing. This is causing a major headache for the hydropower sector, which has invested heavily in new projects in recent years. The [read more]
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