Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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June 19, 2005
Economics
The first billionaire spammer?
I usually don’t begrudge others’ success.But if this guy is behind the ubiquitous Party Poker spam, I have nothing good to say about him. Nothing. Now that he has made it, he might want to go legi…
January 16, 2006
Financial Markets
The FT’s Lex Blows It: There are a lot more than $125 billion petrodollars out there
I am a big fan of the FT. But occasionally, it lets me down. Today for example.The Lex column argues that there is no petrodollar "mystery" because there are no petrodollars circulating through the…
January 28, 2006
China
Another great irony of history: The Chinese Communist party is a very profitable real estate company
Max Sawicky noted that key source of recent job creation in the capitalist United States has been the US government, which itself is financed, in no small part by the People's Bank of China. The ex-…
February 27, 2006
Financial Markets
A butterfly flapped its wings in Iceland …
If you read the financial press closely, it was hard not to learn a bit about the Icelandic krona over the past week. The krona pays a high interest rate, you see - enabling Iceland to attract the …
April 12, 2006
United States
Watch for imports to surge in March
China's March trade surplus topped $11b - and its goods exports were a very impressive $78 billion. China February surplus was about $2.5 billion, and its exports only 54.1 billion. China had an im…
