It’s a truism that the poor get the hardest by any economic problem, downturn, crunch or crisis. Likewise, the poor get left behind when the economic good times are rolling. It’s perhaps a faint hope, but might it be possible for those truisms to be at least a little less true for poor countries during this crisis and as recovery comes around? Continue reading
There are many analyses around about the credit crunch and how it originated. One of the best, most insightful and innovative gives an anthropological angle on how one part of the story unfolded. It looks at what happened in Iceland that let a small group of over-confident manly men turn a small country into a major player in world finance so fast that its economy imploded. Continue reading
Barack Obama gained several points in opinion polls and a lot of favourable media comment for his speech to Congress on Tuesday 24 February. Its main focus was the economic crisis in the US. He had little to say on foreign policy, nothing new, mostly generalities, with a couple of worthwhile points. But in what he said on responding to crisis, there was much that reflects how the President sees the US place in the world and may therefore be suggestive of his administration’s stance and future actons. Here, without comment, are brief excerpts from the speech with points that I found especially significant on that score. Continue reading
My blog is not especially meant for investors, there are masses of places where investors get advised on and off the internet, I don’t know anything about investment anyway and have never invested in anything in my life. So I thought it was time to offer some advice to investors. It is simple – the low carbon economy is where the future lies so turn to carbon-zero technologies for profits and a good, clean feeling.