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Economy

A new approach to plastics

Beach plastic

By applying circular economy principles to global plastic packaging, we could transform the plastics economy and drastically reduce pollution, according to the latest report by the World Economic Forum and Ellen MacArthur Foundation. Commenting on the report, Martin Stuchtey from McKinsey Center for Business and Environment explains: “Plastics are the …

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A Banquet of Consequences: the cost of war threatens us all

Refugees

The so-called “peace dividend” following the collapse of the Soviet Union in 1989 was often more spin than reality according to author and former banker Satyajit Das.  Nevertheless, the global economy did benefit: “First, defence spending declined, freeing up resources for other expenditure… Second, scientific and mathematical resources previously employed …

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US banking sector faces a miserable 2016

Arrow

Following the worst first quarter since 2007, Olivia Oran at Reuters reports an anticipated slump in US banking in 2016: “Concerns about economic growth in China, the impact of persistently low oil prices on the energy sector, and near-zero interest rates are weighing on capital markets activity as well as …

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Janet Yellen’s six month tightrope walk

Tightrope

The Federal Reserve’s moderation in monetary tightening is crucial to sustaining fragile global economic growth in 2016 according to a panel of financial experts at the opening session of the Credit Suisse AIT conference in Hong Kong: “The US economy is improving, but not enough to withstand monetary tightening beyond …

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Economists still clueless over low oil prices

Economics fail

Chris Giles at the Financial Times is the latest commentator to give voice to the question most economists simply cannot answer: ‘how come low oil prices failed to stimulate growth’: “None of this was supposed to happen. Economists had predicted with great confidence two effects from cheap oil. There would …

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Climate change will destroy £18tn worldwide

Sandy damage

“Much as we would like to do something about climate change”, the economists tell us, “the damage this would do to energy companies and to the wider economy is simply too great.  We are just going to have to put up with a 4 to 6 degree global temperature rise …

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Getting 2008 and 2016 wrong

Banking Steel

while it is true that at the moment it is possible to buy cheaper steel elsewhere, this will not always be the case. Most commentators have already drawn the link between the manner in which government responded to the banking crisis and the way they are now responding to the …

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