Guillaume Dl

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The last unmapped places on Earth

Have we mapped the whole planet? As Rachel Nuwer discovers, there are mysterious, poorly charted places everywhere, but not for the reasons you might think.<p>In 1504, an anonymous mapmaker – most likely an Italian – carved a meticulous depiction of the known world into two halves of conjoined ostrich …

Maps

With oil prices plunging, OPEC and Russia are on their knees

In a way, the message of OPEC’s inaction today—deciding not to cut supply—is analogous to the challenge that confronted GM and Microsoft in recent years: if it wants to remain relevant in a world it once dominated, and at times made tremble, it needs to change its game.<p>For much of the rest of the …

West Texas Intermediate

For Some Nations, Saudi Arabia's Oil Price War Is An Existential Threat

Oil prices have fallen by over 30% since June and appear to be continuing their decline. On Thursday Brent fell to a four-year low of just over $76 a barrel, down from $115 a barrel in June, while US WTI crude dropped to around $72 a barrel.<p>The collapse has taken a heavy toll on states that rely …

Abdulaziz Al Saud

An economist explains what the heck is happening to the global economy

The dawn of the twenty-first century has proved unsettling. It was not what we expected. Only a few years ago, the world was full with apparently justified optimism. The new century would be free of the ideological fights that plagued the twentieth. A consensus emerged that markets and democracy …

Economics

Creativity, Corporatism, and Crowds

Ultimately, economic progress depends not on saving and the accumulation of capital, but on creativity. That is why fear of “secular stagnation” in …

Creativity

The liquidity monster that awaits

2014-11-21T11:53:50.000Z<p>By: Izabella Kaminska<p>Fears are growing that the next crisis, if it should manifest, won’t come from any of the areas that …