Austerity vs Stimulus is a collection of new and old essays complied by economic historians seeking to provide alternative answers by clarifying and balancing the arguments from both sides. Germany is rock of stability and serenity compared to Italy’ stagnation, France’s morosity, Britain’s self-exclusion from European Union, Poland’s drift from the rule of law, in…
Peter Temin, an eminent professor Emeritus of economist at MIT offers an illuminating way to view vanishing middle class as the United States is becoming a nation of rich and poor, with few families in the middle. “The middle class was critical to the success of the United States in the twentieth century, as they…
Andrew Lo, a professor at MIT, in his latest book, gives graphic evolutionary explanation of markets and investor behaviour. Half of Americans throw their dice in the stock market, yet economists can’t agree on if investors and markets are rational and efficient, as modern theory assumes , irrational and inefficient and as financial bubbles, crashes…
Kochi Metro, the newly inaugurated metro system for Kochi Metropolitan in Kerala, which includes sustainable initiatives with the introduction of non-motorised transport corridors in the city, installation of solar panel for power and vertical garden on every fourth metro pillar and the technology for driverless trains and is hoping to implement this in the near…
Volvo, the Swedish carmaker’s Chinese owners Geely Automative, has split out its Polestar division into a separate brand. Polestar would use its close links with Volvo to “design, develop and build world-beating electrical high-performance cars” and take on Tesla. The brand will also continue to create high-performance models for Volvo and the new business will…
Indian Finance Minister Arun Jaitley said he favoured disinvestment of the loss-making state-owned airline Air India, to Private sector conglomerate Tata Group, who previously owned the airline 64 years back when it was nationalised. Tata Group’s new chairman N Chandrasekaran has held informal talk with the government for buying a 51 per cent equity majority…
Offshore assets held in the British Virgin Islands have risen to £ 1.19tn ($1.5tn), more than twice the sum estimated in 2010 in seven years. Offshore companies registered in the BVI are used for “corporate structuring” ad over 140 listed businesses in London, New York and Hong Kong have a unit in the BVI. These…
Forty flights have been cancelled in Phoenix, Arizona, as it is too hot for the planes to fly. The weather forecast for the US city is predicted at 49ᵒC on Tuesday, which is higher than the operating temperature of some planes. American Airlines announced it was cancelling dozens of flights scheduled to take off from…
Although London is facing housing crisis as a result of successive governments failing to build affordable council homes, with knock-on effect for the rest of the UK. Despite these desperate shortages of housing, hundred of thousands of affordable homes are demolished to make way of luxury apartments aimed at foreign investors. The market solutions are…
The Indian economy will grow at 7.5 per cent in the current fiscal, as the growth rate will accelerate to 8 per cent in four years according to US rating agency Moody’s. They said “We expect marginally faster growth in India. According to our forecast economy will grow 7.5 per cent in the fiscal year…