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"The Yale philosopher Thomas Pogge argues that when it comes to global poverty, the morally relevant metric of progress is neither absolute numbers nor proportions nor even the trajectory of poor people’s incomes, but rather the extent of poverty compared to our capacity to end it. By this yardstick, he ...Read More
Just a few months before he steps down as Bank of England governor, Carney offered his vision for the international economy. Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a Libra-like virtual one.
The duel is one of the most fascinating, and significant events, in corporate America. The investigator alleges that what appears to be a highly qualified team doesn't comprehend its own accounting, and fails to recognize that it's virtually insolvent––and may even be cooking the books––while GE claims that its attacker ...Read More
Why do people call Mitch Mcconnell “#MoscowMitch” ? For the same reason that tied Obama’s hands from exposing Russian Interference in 2016, the reason Trump won in 2016, and that Oleg Deripaska invested $200 million in Kentucky: Traitor Mitch Mcconnell. This piece from Rachel Maddow, out today, blows the lid off just how bad Russia's infiltration already IS!! Where are our elected leaders in fighting against this? Should be required watching by all Americans.
In 2009 Elinor Ostrom made her Economic Nobel Prize thanks to her works about Governing the Commons. In 2019, Giveth.io and Block Science are looking to escalate worldwide what she found in her researches.
This paper summarises the dilemma associated with using mainstream, macroeconomic models to guide disruptive, transformative change such as those that might occur under ‘deep decarbonisation’: a rapid transition to a net-zero carbon economy.
"Earlier this week BlackRock executive Rick Rieder urged the European Central Bank to stimulate the eurozone economy by printing money and using it to buy equities"
"Over the past two decades, economists have tried to structure their work, as much as possible, to resemble scientific experiments. This “credibility revolution” is an attempt to explicitly link causes to effects, and sweep aside the old criticism that correlation is not the same as causation. One of the advantages ...Read More
How to Break the Economy in the United States Normally a person would be in favor of either an easy monetary policy to stimulate the economy or a hard monetary policy to exert discipline on the government. Either way, one would not expect her to hold both views at the same time. Yet Ms. Shelton does exactly that.
Subway using inspections to intentionally seize franchises from a largely immigrant and family based group of franchisees, ruining them financially in the process.
Yield curve use case for predicting a recession. The last 7 recessions have the same signature within the curve and that can't be a coincidence. Just when you think things cant get worse they can and often do. We should be planning for the more obvious risks of the future ...Read More
"With its finances and strategy in disarray and 95 percent of its market value erased, the German bank’s executives are putting the finishing touches on a painful restructuring plan that they hope will halt the company’s yearslong downward spiral. The plan, which could be announced next week, calls for the potential elimination of up to 20,000 jobs worldwide and largely shutting entire divisions of the company’s ailing Wall Street operations, according to people briefed on the matter"
V good long read on efforts to make the case for “an economy that suits society, rather than – as we have at present – a society subordinated to the economy.” #economics