Stephen Thompson

201 Flips | 6 Magazines | 1 Following | 1 Follower | @Stephen1pha | Keep up with Stephen Thompson on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Stephen Thompson”

PHOTOS: Peep At The Toilets Of 7 Families Around The World

If you search for images of "toilet" on Google, you'll get a page of sparkling white ceramic toilets.<p>That's the typical toilet for people in a high-income country. But not every toilet looks like that.<p>To get a better idea of the range of toilets around the world, take a look at Dollar Street. It's …

Personal Hygiene

In Mexico, $2 per hour workers make $40,000 SUVs

MEXICO CITY (AP) — Auto worker Ivan Flores spends his days transporting parts for U.S.-bound Audi SUVs at a plant in central Mexico, but he laughs …

Free Trade

Why Africa Must Look Beyond Natural Resources and China

By Jerome Audran, Michael Bolliger, and Soledad Lopez<p>Over the past two decades, Africa’s trade in goods with the rest of the world has grown fourfold …

China has a dilemma as it tries to balance growth and reform

<b>Structural Industrial Upgrades - new growth driver</b><p>Chinese producers have been moving up in the value-added chain. This was driven by three pillars: increasing competitiveness in the external market; domestic demand upgrade; and explicit policy support. High value added exports have climbed up to …

China declares itself a global power

IN RECENT days government employees across China, from postal officials in the north-east to tax auditors in the south-west, have been corralled into …

Economic models are broken, and economists have wildly different ideas about how to fix them

Ten years after the global financial crisis, economists are still puzzling over how they (mostly) failed to predict such a massive crash. Given all the data and experience at their disposal, how did they miss something so consequential?<p>In a new paper (pdf) entitled “Where Modern Macroeconomics Went …

Machine Learning

What if there isn’t a “global financial cycle” after all?

There is a potent global financial cycle in gross capital flows, credit creation and asset prices, which has tight connections with fluctuations in …

A lesson from Hurricane Irma: capitalism can’t save the planet – it can only destroy it

There was “a flaw” in the theory: this is the famous admission by Alan Greenspan, the former chair of the Federal Reserve, to a congressional inquiry into the 2008 financial crisis. His belief that the self-interest of the lending institutions would lead automatically to the correction of financial …

Sea Level

Progress On Global Poverty And Disease At Risk, Gates Says

Proposed United States budget cuts could lead to 5 million more deaths from AIDS alone.<p>LONDON, (Reuters) - Proposed United States budget cuts could put in jeopardy great progress in reducing global poverty and disease and lead to 5 million more deaths from AIDS alone, the philanthropist Bill Gates …

China Isn’t the Only Reason to Question Free Trade

Encouraging exports could help boost a country's productivity.<p>Economists have lately been rethinking free trade. They’re right to do so -- and not just because China’s emergence came as such a big shock to U.S. workers.<p>There used to be a near-universal consensus among academic economists that the …

Australia's growth may look healthier, but taxes and households are paying for it

If you strip out one-off government spending, GDP is nearly flat and households still waiting for a pay rise are propping things up<p>The latest GDP figures out on Wednesday provided some good news, with growth improved on the weak March quarter largely off the back of a jump in profits and government …

Economics

The head of the world's biggest sovereign wealth fund is worried about global trade

Speaking to Bloomberg in an interview this week, Slyngstad — who oversees the roughly £760 billion fund — said that while the rise of China in recent decades gave global trade a big boost, this boost is now wearing off, making "wins" in investment terms harder to come by.<p>"The question investors are …

Press Release

TNCs Control Two-Thirds of World Trade

By Chakravarthi Raghavan<p><b>Third World Network Features<br>24 January, 1996</b><p>Geneva: Foreign direct investment (FDI) by transnational corporations (TNCs), and …

Here's why it's so hard to say whether inequality is going up or down

Is inequality rising or falling? The answer, if recent public debate is anything to go by, may appear at first to depend on who you ask.<p>Part of the …

China’s Robot Revolution May Affect the Global Economy

China is installing more robots than any other nation, and that may affect every other nation.<p>Shipments jumped 27 percent to about 90,000 units last …

China

Old Ideas About Foreign Trade Are Being Retired

New research shows that countries don't necessarily do best when they specialize in making a few things.<p>Most academic models of international trade are pretty simplistic. Some of these models are surprisingly effective for making certain types of predictions -- for example, economists are very good …

Slash Immigration, and GDP Is the Victim, Research Finds

The GOP’s plan to cut the number of immigrants and increase the percentage of highly educated workers within that pool would decrease GDP by 2 percent over the long term and cost 4.6 million jobs, a new study finds.<p>The RAISE Act, introduced by Senators Tom Cotton (R-Arkansas) and David Perdue …

Economics

Why workers are losing their share of Australia's national income

If you want to tackle inequality, the first thing you should do is join a union – a report puts the premium on wages for private sector union workers at 20%<p>Greg Jericho is a Guardian Australia columnist<p>It is now apparent that the issue of inequality is the economic topic of 2017. One of the …

Income Inequality

IMF warns China over 'dangerous' growth in debt

Washington-based fund says pursuit of growth at any cost risks sharp slowdown or financial crisis<p>China’s credit-fuelled economic strategy has been branded as dangerous by the International Monetary Fund in a strongly-worded statement warning that its approach risks financial turmoil.<p>The IMF used …

Economics

Meet the New Global Trade Leader: the European Union

<i>By Nicole Gunkle</i><p>Accounting for 23 percent of GDP worldwide, the United States has dominated the global economy for over 70 years. However, the US attitude towards trade policy has changed significantly since the new administration took office. President Donald Trump has removed the United States …

Globalization

Protectionism unlikely to protect jobs anywhere

As US and European political leaders fret about the future of quality jobs, they would do well to look at the far bigger problems faced by developing …

When Protectionism Is Not Protectionism

Daniel J. IkensonIn the <i>Wall Street Journal</i> last week, Commerce Secretary Wilbur Ross shared some of his views about free trade and protectionism, …

Economics

Cars for cheese - why a free trade deal may not be free

<b>Ahead of its exit from the European Union, the UK is currently negotiating to secure free trade agreements with several countries, but what does this kind of deal actually mean?</b><p>When two countries agree to a free trade agreement, that does not normally mean the complete free movement of goods and …

Graphics - Ten-years from global financial crisis: a decade in charts | Reuters

LONDON (Reuters) - Ten years ago on Wednesday marked the start for many observers of the global financial crisis - a series of rolling credit shocks and bank crashes that led to the deepest world recession for a generation and a decade of slow growth and painful repair.<p>On Aug. 9, 2007, the European …

Economics

Global Inequality and Australia’s Role | Saul Eslake | Economist

HOME<p>ABOUT ME<p>CORINNA ECONOMIC ADVISORY<p>CONTACT ME<p>11th May 2018<p>Economist<p>‘Welcome to my website …<br>I’m an independent economist, speaker, company …

Economy

Has Australia really set a ‘new world record’ for continuous economic growth | Saul Eslake | Economist

HOME<p>ABOUT ME<p>CORINNA ECONOMIC ADVISORY<p>CONTACT ME<p>4th May 2018<p>Economist<p>‘Welcome to my website …<br>I’m an independent economist, speaker, company …

Economics

Population, participation and productivity: How to think about long-run economic growth | Saul Eslake | Economist

HOME<p>ABOUT ME<p>CORINNA ECONOMIC ADVISORY<p>CONTACT ME<p>11th May 2018<p>Economist<p>‘Welcome to my website …<br>I’m an independent economist, speaker, company …

Economics

China’s ‘Belt and Road’ Initiative and its implications for Australia | Saul Eslake | Economist

HOME<p>ABOUT ME<p>CORINNA ECONOMIC ADVISORY<p>CONTACT ME<p>4th May 2018<p>Economist<p>‘Welcome to my website …<br>I’m an independent economist, speaker, company …

Australia

PaTH to nowhere: Lies, the Rule of Law and Turnbull's big business socialism

The inept, dishonest and unethical continue to prosper at the expense of the decent under this Government, supported by its press gallery cheer …

Australia