Hypothetical News, 2013 “Deep in a London slum, 25 people were arrested by the authorities today for not paying their air-bill. A. Person, spokesman for air-aid said, ‘the government must act on this- it is ridiculous that we have a society where some people can afford air, and some people…
In my article of September 01st 2010 “Thinking Ourselves Into Another Recession” I discussed how psychology plays a critical role in the well-being of an economy. Using the paradigm of eating disorders, we discussed how: “…When we talk of economic confidence, business confidence, or even confidence in global markets, we…
As the Economist reported, “On September 12th the Basel Committee, a club of supervisors and bank regulators, finally reached agreement on how much extra stuffing needs to go into the cushions [of banks] to absorb losses and buffer the financial system against the next crisis.” The “Basel III” recommendations set…
Reporting on the increased perceived risk of a double-dip recession, the Huffington Posted noted how there is “..a growing sense of doom among some prominent economists“. They went on to cite Nouriel Roubini, the cofounder and chairman of Roubini Global Economics and a professor at New York University’s Stern School…
UN Dispatch reported the words of Ban Ki Moon (UN Secretary General), who visited the Pakistan floods, saying, “This has been a heart-wrenching day, and I will never forget the destruction and suffering that I have witnessed. I have visited the scenes of many natural disasters around the world, but…
At an academic level, behaviour refers to, “…the actions of an organism or system, usually in relation to its environment, which includes the other organisms or systems around as well as the physical environment. It is the response of the organism or system to various stimuli or inputs, whether internal…
In July 2010, the Economist observed how non-profit organisations “…are commonly advised to become more like for-profit businesses. Management experts and consultants view them as horribly inefficient due to the absence of the concentrating power of the profit motive… [however] there has been barely any reciprocal pressure on for-profit firms…
In his 1817 book, “On the Principles of Political Economy and Taxation“, David Ricardo explained the principle of economic comparative advantage. He drew example from the production of wine and cloth in England and Portugal and explained, “In England it is very hard to produce wine, and only moderately difficult…
There is little doubt that taxation is an economically necessary and ethically valid part of society’s structure. “Taxes” stated Oliver Wendell Holmes Jr. “…are the price of civilisation.” Many cite taxation as having four ‘key’ roles in society, The generation of revenue for the state to provide infrastructure, education, defence,…
In April 2010, the Economist reported, ��One of the lessons from TV is to accept change and get ahead of it. Broadcasters� initial response to the appearance of programmes online was similar to the music industry�s reaction to file-sharing: call in the lawyers. But television firms soon banded together to…