From the category archives:
Links of the day
by Editor on August 26, 2008
- Real Time Economics | Fed Paper Backs Use of ‘Core’ Inflation - “Yet some economists argue that it’s harder to dismiss energy and food price gains since they reflect in part global forces that are unlikely to reverse, like the industrialization of China and India. Central banks that target headline inflation like the European Central Bank and Bank of England have maintained much tighter monetary policy than the Fed has in the face of the economic slowdown and financial crisis.”
- Inflation Delivers a Blow to Vietnam’s Spirits | NYTimes.com - “A shoeshine has gone up to 25 cents from 19 cents; a good haircut to $1.87 from $1.25; a tiny cup of tea on the street to 6 cents from 3 cents; a one-time-use raincoat to 37 cents from 12 cents; a massage to $6.25 from $4.37. Also, it now costs 12 cents to park your motorbike on the sidewalk, and if you get a flat tire, it costs 12 cents to get it pumped, double the prices of a few months ago.”
Appena arrivati su Phastidio.net? Se il sito e' di vostro gradimento, potete sottoscrivere il nostro feed RSS. Grazie per la vostra visita!
by Editor on August 22, 2008
- In defence of road pricing | Adam Smith Institute Blog - “Road pricing would make people aware of the value of our roads – indeed, of the value of specific roads at specific times. As such, it would encourage people to use them more sparingly. And it prompt planners to put new roads where motorists were demonstrating their willingness to pay, rather than where politicians demanded some vote – catching white-elephant infrastructure.”
- What Russia’s Moves on Georgia Could Mean for Iran | Newsweek - “The Iranians are hard bargainers with regional ambitions of their own, but they are not irrational, and their primary interest is security. Oddly enough, Washington may find that the U.S. benefits by helping them feel safer, not more threatened.”
by Editor on August 16, 2008
- How I became a soldier in the Georgia-Russia cyberwar | Slate Magazine - “Paranoid that the Kremlin’s hand is everywhere, we risk underestimating the great patriotic rage of many ordinary Russians, who, having been fed too much government propaganda in the last few days, are convinced that they need to crash Georgian Web sites. Many Russians undoubtedly went online to learn how to make mischief, as I did. Within an hour, they, too, could become cyberwarriors.”
- Gazprom may have to share export pipelines - paper | Reuters - “Under the proposal, Gazprom would retain its export monopoly status but would have to buy gas for exports from independent producers on a pro-rata basis to their production”. A very bizarre antitrust move, but it’s very unlikely to be enacted.
- Iran Aims to Boost Oil Sales to China, India | guardian.co.uk - Iran plans to boost shipments to fast-growing energy consumers China and India and may reduce the flow to other buyers, a top Iranian oil official said on Thursday.
The United States has sought to isolate Iran over its nuclear programme, which Iran says is for purely peaceful purposes.
State-run companies of Asian economies keen to secure future energy supplies are less susceptible to U.S. pressure to stay out of the Islamic Republic and are taking a bigger role in its energy sector.
- Paul Krugman - The Great Illusion - “…the belief that economic rationality always prevents war is an equally great illusion. And today’s high degree of global economic interdependence, which can be sustained only if all major governments act sensibly, is more fragile than we imagine.”
by Editor on August 12, 2008
- Econbrowser | Oil and the dollar - “The exchange rate is unquestionably one variable that influences the dollar price of oil. In recent data, as much as 20% of oil price movements could be attributed to changes in the exchange rate, or at least to news developments that matter for both exchange rates and oil prices. But that also means that 80% of what we see happening to the price of oil is completely uncorrelated with whatever might be influencing the exchange rate.”
by Editor on August 8, 2008
by Editor on July 30, 2008
by Editor on July 28, 2008
by Editor on July 26, 2008
-
A basic law of economics holds that there is no such thing as a free lunch. Those in the financial market have had a sumptuous feast and the administration is now asking the taxpayer to pick up a part of the tab. We should simply say No.
-
-
-
“oil consumption grew 3.9 percent between 2004 and 2007. At the same time, oil supplies lagged that demand, with production growth from nations outside the OPEC slowing to levels well below the historic averages.”
by Editor on July 24, 2008
by Editor on July 18, 2008
- Cap and Redistribute | WSJ.com - Spettacolare serie di partite di giro dal cap-and-trade made in Australia, paese irrilevante per il saldo complessivo delle emissioni di CO2. Aspettando il prossimo presidente Usa.
