Loy wonders why we acquiesce in the appalling realities of global inequities and sleep so peacefully at night. He finds his answer in Rodney Dobell’s explanation that “lies largely in our embrace of a peculiarly European or Western [but now global] religion, an individualistic religion of economics and markets, which explains all of these outcomes as the inevitable results of an object...Read More
Central banks face credibility test … The retreat from unconventional monetary policy was always going to be tricky. While economists are almost equally divided on whether Federal Reserve chair Janet Yellen will raise U.S. interest rates this week, the bond market suggests policy makers will wait. October's Fed minutes will be scrutinised for signs around the argument to raise rates at t...Read More
Central banks face credibility test … The retreat from unconventional monetary policy was always going to be tricky. While economists are almost equally divided on whether Federal Reserve chair Janet Yellen will raise U.S. interest rates this week, the bond market suggests policy makers will wait. October's Fed minutes will be scrutinised for signs around the argument to raise rates at t...Read More
Mission incomplete: Rajan's overhaul of RBI … In a video conference in mid-2014, Reserve Bank of India (RBI) governor Raghuram Rajan told employees that he wanted to hire talented external candidates and improve the quality of research at the 81-year-old central bank. The proposals, described to Reuters by three officials who heard Rajan speak, would hardly seem out of place in any major...Read More
Mission incomplete: Rajan's overhaul of RBI … In a video conference in mid-2014, Reserve Bank of India (RBI) governor Raghuram Rajan told employees that he wanted to hire talented external candidates and improve the quality of research at the 81-year-old central bank. The proposals, described to Reuters by three officials who heard Rajan speak, would hardly seem out of place in any major...Read More
Republicans have spent the entire Obama presidency engaging in acts of disrespect against this president, and the office that he has been twice elected to by a majority of the voters. By refusing to give his budget a hearing, House Republicans have moved beyond disrespect of the man and into disrespect of the office of the presidency. It looks like House Republicans are so afraid of the President&...Read More
Republicans have spent the entire Obama presidency engaging in acts of disrespect against this president, and the office that he has been twice elected to by a majority of the voters. By refusing to give his budget a hearing, House Republicans have moved beyond disrespect of the man and into disrespect of the office of the presidency. It looks like House Republicans are so afraid of the President&...Read More
New Hampshire is the second state to make its picks for the Republican and Democratic presidential nominees. Residents will cast ballots in primary elections on Feb. 9, one week after the first presidential nominating contest in Iowa, where Republican Ted Cruz and Democrat Hillary Clinton emerged victorious from the caucuses … While all the early primary states are in the business of winnowi...Read More
New Hampshire is the second state to make its picks for the Republican and Democratic presidential nominees. Residents will cast ballots in primary elections on Feb. 9, one week after the first presidential nominating contest in Iowa, where Republican Ted Cruz and Democrat Hillary Clinton emerged victorious from the caucuses … While all the early primary states are in the business of winnowi...Read More
Private military and security companies (PMSCs) have been exploiting conflict and instability in war-torn regions whilst making gargantuan profits for the least 15 years – and they've only increased in numbers … Hundreds of new companies have been established in the last few years alone … "The UK is an important hub for the PMSC industry. At the height of the occupa...Read More
Private military and security companies (PMSCs) have been exploiting conflict and instability in war-torn regions whilst making gargantuan profits for the least 15 years – and they've only increased in numbers … Hundreds of new companies have been established in the last few years alone … "The UK is an important hub for the PMSC industry. At the height of the occupa...Read More
Stock markets suspect Federal Reserve has interest rate jitters … Hints that the Fed won't raise interest rates in March are proving to be good news for miners and oil producers' share prices The Federal Reserve's William Dudley said further strengthening in the dollar could have 'significant consequences' for the health of the US economy. – UK GuardianBlame it on t...Read More
Stock markets suspect Federal Reserve has interest rate jitters … Hints that the Fed won't raise interest rates in March are proving to be good news for miners and oil producers' share prices The Federal Reserve's William Dudley said further strengthening in the dollar could have 'significant consequences' for the health of the US economy. – UK GuardianBlame it on t...Read More
The Trans Pacific Partnership, one of the biggest multinational trade deals ever, has been signed by ministers from its 12 member nations in New Zealand. … US President Barack Obama said the agreement was a new type of trade deal "that puts American workers first". – BBCBeware TPP. It's nothing more than the further formalization of the worst part of the 20th century: The...Read More
The Trans Pacific Partnership, one of the biggest multinational trade deals ever, has been signed by ministers from its 12 member nations in New Zealand. … US President Barack Obama said the agreement was a new type of trade deal "that puts American workers first". – BBCBeware TPP. It's nothing more than the further formalization of the worst part of the 20th century: The...Read More
Indeed, maintaining the policies that enforce intellectual property rights is one of the few issues today that we can say truly has bipartisan support–politicians, legislators and pundits on both sides of the political aisle recognize that in order to keep our industries competitive, encourage innovation and make potentially life-saving advancements in the field of health care, we must prote...Read More
Indeed, maintaining the policies that enforce intellectual property rights is one of the few issues today that we can say truly has bipartisan support–politicians, legislators and pundits on both sides of the political aisle recognize that in order to keep our industries competitive, encourage innovation and make potentially life-saving advancements in the field of health care, we must prote...Read More
[South African based market study firm, Frost & Sullivan's] latest study titled The Telecommunications Market in East Africa — Key Fixed and Mobile Market Indicators, says text-based and online-based payment services will be deepened more when the ongoing national Internet backbone rollout is completed. The study says mobile phone operators could take advantage of the prevailing cond...Read More
[South African based market study firm, Frost & Sullivan's] latest study titled The Telecommunications Market in East Africa — Key Fixed and Mobile Market Indicators, says text-based and online-based payment services will be deepened more when the ongoing national Internet backbone rollout is completed. The study says mobile phone operators could take advantage of the prevailing cond...Read More
Federal Reserve: Credibility on the line … Sam Fleming in Washington … Last month's rate rise is drawing criticism. Some say it should abandon plans to increase again soon … While economists are almost equally divided on whether Federal Reserve chair Janet Yellen will raise U.S. interest rates this week, the bond market suggests policy makers will wait. – Financial...Read More