AndyJay1

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How can economic stagnation be stopped?

Edmund S. Phelps has strong opinions, and he’s not shy about expressing them. In the 1960s, he was a young economist more interested in exciting …

Britain faces £200bn oil loss

$50 oil prices could lead to the early decommissioning of North Sea facilities and the loss of 6bn barrels of oil<p>In a stark warning to the Government over the future of the North Sea, one of the oil industry’s leading figures, has warned that 6bn barrels of oil reserves – a third of what remains …

Europe

Fears for US economy as shale industry goes into hibernation

Some North Dakota operators to deactivate 40% of rigs as price falls render them uneconomic<p>America’s fracking revolution is becoming a victim of its own success. The controversial boom in shale gas and oil has driven the US economic recovery and helped lower world crude prices. But a price plunge …

World Food Situation | Food and Agriculture Organization of the United Nations

» The <b>FAO Food Price Index</b>* (FFPI) averaged 169.8 points in December 2017, down 5.8 points (3.3 percent) from November with the steepest declines …

Agriculture

More freight, but fewer trucks to move it?

There's good news and bad news about trucking these days.<p>The good news is traffic is up! A good sign for the economy! (OK, there's a caveat, but more …

Transportation

Power Hungry

The German word <i>Energiewende</i> is gradually edging its way into the English language, as Weltanschauung and sauerkraut, among others, did long ago. It …

Europe

The dreams of Red Ed

THERE was jazzy lighting, brutally loud music and screens showing Ed chatting, Ed accosting shoppers in a grey jersey, Ed looking pensive on a train. …

United Kingdom

The Age of the Super Rich

Alexei Bayer<p>Coatesville, Pennsylvania is home to Lukens Steel, once the world's largest steel plate producer. A hundred years ago it was owned by the …

Globalization
China

Austerity protesters outnumber Conservative delegates at conference

An estimated 50,000 protesters marched against austerity on first day of the annual Tory event in Manchester<p>Conservative delegates were greeted with shouts of "out Tory scum" on arrival at their annual conference in Manchester as an estimated 50,000 protesters marched against …

Rouhani Condemns Nazi ‘Crime’ as Iran’s New Face Seeks Thaw

Iranian President Hassan Rouhani’s latest break with predecessors, condemning the killing of Jews in the Holocaust, extends a makeover of the Islamic …

Economy

Top aide to Vince Cable warns of Lloyds sale disaster

Offloading State's stake in Lloyds is 'biggest blunder since Brown sold gold', warns top aide to Vince Cable<p>By<p>Published: 17:22 EST, 28 September 2013 …

Investing

Cameron accused of misleading Leveson on Brooks friendship

New book casts doubt over David Cameron's account to press inquiry over his personal ties with Rebekah Brooks<p>David Cameron gave misleading evidence to the Leveson inquiry over his friendship with the former News International chief executive Rebekah Brooks, according to a new book by a journalist …

United Kingdom

Why This Is Not Just 'Washington Breakdown,' in 3 Graphs (and 1 Story)

Tea Party members say they are expressing the public's will. Gee, if only there were some way to judge popular sentiment in a democracy.<p>From the <i>Washington Post</i> this morning:<p>The unfortunate story that leads the <i>WaPo</i> today, with the photo and headline shown here, represents a step backwards from an …

Bangladesh Garment Workers Hold Largest Wage Protest Yet

DHAKA, Sept 21 (Reuters) - About 50,000 garment industry workers held their largest protest so far in the Bangladeshi capital of Dhaka to demand an increase of more than 1-1/2 times in the minimum wage, police and labour officials said on Saturday.<p>"Our backs are against the wall, so we don't have …

Tug Of War

Growing apart

A BARRAGE of new statistics on American living standards offers some grounds for optimism. A typical American household’s income has stopped falling …

Why Is Merkel Still So Popular?

The chancellor looks like she's headed for a third term. Here's why Germans love her.<p>BERLIN—Germans reaffirmed their faith in Chancellor Angela Merkel during the country’s elections today, with her supporting center-right Christian Democratic Union garnering 41.7 percent of the vote—8 percent more …

Markets

China Stocks Drop as Financial Companies Fall Most in Two Months

China’s stocks fell, led by the biggest retreat in financial companies in two months, amid concern the government may encourage more competition …

The Tea Party Is Winning—the Liberal Agenda Is Being Suffocated

Progressives are gleeful: They took Larry Summers down, and now the GOP is self-destructing over defunding Obamacare. But they're missing the big picture.<p>Liberals are in a gloating mood. They say Republicans, who are engaged in a civil war with each other while campaigning to defund Obamacare, are …