ECB speech after signals of new stimulus. Iranian President travels to Europe. Bank of England officials testify. Conferences highlight oil price collapse. Bank of Japan surprise with policy shift. All in the week’s risk outlook.
ECB speech after signals of new stimulus. Iranian President travels to Europe. Bank of England officials testify. Conferences highlight oil price collapse. Bank of Japan surprise with policy shift. All in the week’s risk outlook.
G-8 Leaders — composed of the world’s eight major industrialized countries, as well as representatives of the European Union and heads of state from the ten leading Emerging Nations such as Brazil, India, Mexico and South Africa, among others, discussed a wide range of challenges related to financial markets, international trade, development and global peace and stability.
The Los Angeles Times captures some of the excitement around the stimulus package and the opportunity for it to create jobs. In the bleak economy, such enthusiasm (in addition to federal funding) can help create opportunities. But the sustainability of the of the government largess is questionable unless it can create a market through incentives […]
Tom Friedman, a High Panjandrum of the Cognoscenti, has a column today that indicates that his sense of the dire pass into which this civilization of ours has fallen is growing. I’ve written about Galloping Consumption and I’ve noted, here, that one important commentator, Bill McKibben, has taken Friedman to school on his Green Fantasia. […]
In “Climate of Change”, I celebrated the first Obama budget proposal, along with the economic stimulus package and the renewables tax credit package from the autumn, as just what the doctor ordered for the push to decarbonize the economy and create hundreds of thousands of green jobs. Two of the world’s most eminent economists, Joseph […]
In his inaugural speech, President Barack Obama asserted that the United States remains “the most prosperous, powerful nation on earth.” No matter how powerful a nation is, however, its priorities still need to be rearranged and sometimes compromised, especially when dealing with key allies and partners. This much was evident by U.S. Secretary of State […]