Once you’ve mined the earth and milked the service industries, what is there left to frack? Us, that’s what – with everything from admin charges and estate agent fees to blockbuster premiums and ‘cakeage’
As we enter the second half of 2015, financial panic has gripped most of the globe. Stock prices are crashing in China, in Europe and in the United States. Greece is on the verge of a historic default, and now Puerto Rico and Ukraine are both threatening to default on their debts if they do [...]
“We’re very much in the endgame,” US trade representative Michael Froman told reporters over the weekend at a meeting of the 21-member Asia-Pacific Economic Cooperation forum on the resort island of Boracay. His comments came days after TPP passed another crucial vote in the Senate.
With sign-off on the Trans-Pacific Partnership edging closer and critics warning the deal could "attack internet freedoms," a Parliamentary review has slammed the negotiating process for a lack of oversight.
Following Tsipras' surprise referendum decision (and subsequent pulling of proposals by Troika the institutions), Greece's bank jog has turned into a full sprint. ATM lines began to form at 2am, minutes after the announcement and now many ATMs are out of money and, as Bloomberg reports, some Greek banks are drastically limiting cash transactions. Despite all the reassurances that "banks will open Monday," two senior bank executives have warned that some lenders will not be able to open Monday (unless more emergency liquidity is released). Crucially, this is not just about banks being in trouble - drained of deposits electronically - this is running out of physical banknotes, there is literally no more 'real' money left in Greek banks.
As part of the Millenium Project, 15 Global Challenges have been established to provide a framework to assess the global and local prospects for humanity. One of these urgent challenges is the retreat of democracy around the world as more nations roll back the hard fought democratic freedoms. After peaking in the late 1990s, democracy around...
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