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 out the revised global minimum capital requirements for banks. As Felix Salmon (Reuters) analyses, “Possibly the most important thing here is the existence of the…
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 of Business, who stated the, “Risk of a double dip recession in advanced economies (US, Japan, Eurozone) has now risen to 40%.” along with Mohamed…
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 nothing like this. The scale is so large: so many people, in so many places, in so much need… I am also here to send…
In this interview we talk to Kumi Naidoo, Executive Director of Greenpeace. We discuss, in detail, the profound issues affecting our earth, including energy and climate change, food security, oceans, forests, international trade, economics, the structure of society, technology and more.
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 or external, conscious or subconscious, overt or covert, and voluntary or involuntary.” Contextualising this, researchers from fields as diverse as psychiatry, psychology, sociology, economics and…
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 to learn from the non-profits.” Organisations in the third-sector (an umbrella phrase used to describe the not-for-profit sector) have a number of key characteristics which …
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 to produce cloth. In Portugal both are easy to produce. Therefore while it is cheaper to produce cloth in Portugal than England, it is cheaper…
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, welfare, public services and so forth The re-distribution of wealth from the richer to the poorer parts of society to aid social development and reduce…
In this interview, we speak to Professor Charles Wyplosz who is Professor of International Economics at the Graduate Institute of International Studies in Geneva, where he is Director of the International Centre of Money and Banking Studies and an Independent Economic Advisor to the President of the European Commission. We discuss regional and global economic integration, looking at Europe, Asia, Africa and Latin America, alongside the concepts of free trade and globalisation, and the role of economic and political integration in future of world economics.
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 develop alternatives to piracy. Websites like Hulu, a joint venture of the American broadcasters ABC, Fox and NBC, have drawn eyeballs away from illicit sources.”…
