The compass tattoo on his right arm suggests a life at sea, though John Rose never worked on the trawlers that once plied the waters off the northern English city of Hull. He hasn’t had a steady job for almost 30 years.
Though a solution to the euro crisis continues to elude European leaders, the foundations of one are not difficult to discern. In fact, Europe’s recent soccer experience – in the EURO 2012 tournament and this year’s World Cup – provides insight into how to revive Europe’s economy and address its deeper identity problem.
Thomas Piketty’s bestseller Capital in the Twenty-First Century is fueling heated debate about the relationship between capital accumulation and inequality. But the broader question is whether these debates will produce real solutions to two of the critical problems of our time: income inequality and limited social mobility.
Australia makes the most money from coal. Who knew?
Using data from the CIA Factbook, we labeled every country in the world by its highest valued export, a.k.a. the commodity that makes the country the most money in the global market. Click on any of the maps below to see an enlarged version.
Sie denken, Sie hätten im Supermarkt die Auswahl zwischen Produkten unzähliger Hersteller? Falsch! In Wahrheit sind es gerade zwei Handvoll Konzerne, die bestimmen, was in Ihrem Einkaufswagen landet. Zumindest zeigt das die erstaunliche Grafik eines Unbekannten.
Aykut Kibritçioğlu's insight:
Alış-Veriş Tercihlerimizi Yönlendiren 10 Büyük Şirket:
Danny Quah suggests that we are far more accepting of unrepresentative leaders when it comes to global governance than domestic politics.
What if a society decided its governing leaders must be chosen only from the richest and most powerful of its families? What if those political leaders held status and wealth, not only already greater but growing faster than that for anybody else in that society? What if, even though they wielded unrivalled influence, those leaders installed armed guards on every strategic street corner? What if those leaders operated with no counterbalancing competition, no checks and balances?
The airport of Fortaleza, Brazil’s northeastern beachside city, looked like a parking lot this week for the powers that are changing the order of the world economy. Official aircraft from Russia, South Africa and China were lined up on the tarmac,
Professor Angus Maddison has contributed to creating the world-wide reputation of the Development Centre and the OECD as being second to none. Between 1953 and 1978, he complemented his distinguished academic career with several long stays at the OECD and its predecessor, the OEEC.
Amerika Birleşik Devletleri’nde 2006-2010 yıllarında yaşanan finansal krizden ve onu takiben oluşan “Büyük Küresel Durgunluk”‘tan bu yana konut sektöründeki fiyat gelişmeleri yaygın bir biçimde mercek altına alındı. Türkiye’de veya dünyanın diğer herhangi bir ülkesinde konut sektöründe oluşacak bir “fiyat balonu veya kabarcığı”nın göstergeleri neler olabilir? Sadece nominal (veya reel) konut fiyat endekslerini izlemek yeterli midir? Her büyük konut fiyatı artışı tehlikeli midir? Aşağıdaki kaynaklarda, bu konudaki bazı önemli tanım ve göstergeler hakkında yararlı ipuçları bulacaksınız: ...
Many ordinary business practices resemble the infamous con game
The Ponzi scheme has been a recurring fixture of economic life in rich and poor nations at least since the 19th century, creating a few millionaires and ruining the lives of millions. Yet most people have only a vague idea of what they are, which may explain why so many continue to fall for their strange and almost mystical allure. This topic, of course, has acquired a certain urgency because of the recent global financial crisis and headlines about the Bernard Madoff scandal, the biggest ever Ponzi scam, which occurred at the height of the turmoil.
Anyone who followed the Madoff debacle probably thinks about Ponzis as being deliberately concocted frauds. Instead of using investor money to fund a productive business venture, the con artist channels the proceeds from new investors to pay interest to earlier ones. But economists have started to realize that this type of behavior can also occur spontaneously, even unconsciously, simply by having one expectation feed on another, creating a frenzy of speculation, an inflating economic bubble that is doomed to eventually crash.