Another year of low prices will create strains in the world economy
ECONOMISTS don’t forecast because they know, said J.K. Galbraith; they forecast because they’re asked. A question that is increasingly put to them is whether inflation, which has been remarkably quiescent for years, will spring a surprise in 2016.
After all, the debt troubles that have weighed down rich economies since 2007 are fading; labour markets in America, Britain and Germany are increasingly tight; housing markets are gathering steam; and the Federal Reserve has just raised interest rates for the first time in almost a decade. Continue reading →
PHANTOM KILLINGS …House clears Coroner’s Bill to probe Phantom killings
January 15, 2016 – Guyana Chronicle
DETERMINED to clear up the huge backlog of unresolved ‘unnatural deaths’, government on Thursday evening used its majority in the National Assembly to pass the Coroner’s Amendment Bill after a sometimes contentious debate. The opposition, People’s Progressive Party (PPP), which has been accused of failing to hold any proper inquests into the hundreds of unlawful killings that occurred during the “Phantom Squad” era and prison escapee-led crime spree, opposed the bill. The Bill among other things will see a minimum of four full-time coroners in Demerara, three in Berbice and two in Essequibo.
Our loss of wisdom – Barry Schwartz – 2.6 million+ views
Barry Schwartz makes a passionate call for “practical wisdom” as an antidote to a society gone mad with bureaucracy. He argues powerfully that rules often fail us, incentives often backfire, and practical, everyday wisdom will help rebuild our world.
“A wise person knows when and how to make the exception to every rule. A wise person knows how to improvise. Real-world problems are often ambiguous and ill-defined and the context is always changing. A wise person is like a jazz musician — using the notes on the page, but dancing around them, inventing combinations that are appropriate for the situation and the people at hand.” – Barry Schwartz
Take a look at 1927 London In Color in this amazing color film of London in the 1920s filmed by an early British pioneer of film named Claude Frisse-Greene. He made a series of travelogues using the colour process his father William, who was a noted cinematographer, was experimenting with at the time. If you are familiar with London I’m willing to bet you’ll enjoy seeing how it looked almost a hundred years ago. Music in this interesting clip is by Jonquil and Yann Tiersen.
News Americas, LONDON, England, Tues. Jan. 12, 2015: Imagine this! You, a partner or family member is working overseas. You have been sending money home to support an aging relative or to make a regular payment on a mortgage.
You go to the Caribbean money transfer business that you have always used, only to be told your money can no longer accepted because there is no intermediary bank in Europe or the US willing to work with it despite its absolute reliability and positive track record. Continue reading →
Global inflation – Low and behold – commentary by The Economist
Global inflation – Low and behold
Another year of low prices will create strains in the world economy
ECONOMISTS don’t forecast because they know, said J.K. Galbraith; they forecast because they’re asked. A question that is increasingly put to them is whether inflation, which has been remarkably quiescent for years, will spring a surprise in 2016.
After all, the debt troubles that have weighed down rich economies since 2007 are fading; labour markets in America, Britain and Germany are increasingly tight; housing markets are gathering steam; and the Federal Reserve has just raised interest rates for the first time in almost a decade. Continue reading →
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