The Global Innovation Outlook 3.0 report explores sustainable economic development in Africa. GIO is sponsored by IBM. It attempts to synthesise a consensus from more than 150 business, government, academic and NGO leaders across nine deep dive sessions. Read the summary here or download the report here (3.8mb pdf).
Category:3 The World of Money
Even Canada has cut rates
The Bank of Canada cut interest rates for the first time since April 2004, saying that the global economic outlook looked uncertain. It cut rates by a quarter of a percentage point to 4.25% from 4.5%. The central bank said that it expected financial market turmoil, stemming from a collapse of the US sub-prime mortgage …
Continue reading Even Canada has cut rates
The Warwick Commission report on world trade
The Warwick Commission report on the world trade system … Experts Say Consensus Should No Longer Be Deal Breaker in World Trade The Warwick Commission, a panel of leading specialists on world trade is this week publishing the results of its 10 month study of the state of the world trade system. They are concerned about what …
Continue reading The Warwick Commission report on world trade
VC and PE information hub
In future to obtain VC and PE market info (like that which we have been summarising) please go to PE Hub and, for a daily digest, sign up to the excellent and free PE Week Wire edited by Dan Primack
Nature’s Investment Bank – marine habitats
The Nature Conservancy has published a report Nature’s Investment Bank, which examines four marine protection areas in Fiji, Indonesia, Philippines and the Solomon Islands, to assess what constitutes a successful community conservation scheme that provides sustainable economics. Research into four successful schemes showed that getting villagers involved in protection projects reduced harmful overfishing and protected …
Continue reading Nature’s Investment Bank – marine habitats
The Economic Consequences of Mr. Bush
The Economic Consequences of Mr. Bush by Joseph Stiglitz When we look back someday at the catastrophe that was the Bush administration, we will think of many things: the tragedy of the Iraq war, the shame of Guantánamo and Abu Ghraib, the erosion of civil liberties. The damage done to the American economy does not …
Continue reading The Economic Consequences of Mr. Bush
Emperor Qian Long to King George III
This link came across my desk and I share it because of my ties to Hong Kong and fondness for China. It is the text of a famous letter from Emperor Qian Long sent to King George III at the height of Chinese civilisation in the 18th century. China entered into a 200-year period of …
Continue reading Emperor Qian Long to King George III
Will Money Solve Africa’s Development Problems?
A Templeton conversation. The concensus seems to be No. Either was the participants are well informed and offer a broad insight to the challenges of Africa. Read it here. Will Money Solve Africa’s Development Problems?
Iraq war costing twice as much as we were told
The US wars in Iraq and Afghanistan are costing nearly double the amount previously thought, according to a report, War At Any Price?, by the Joint Economic Committee of the US Congress. (Press release here – pdf) It says “hidden costs” have pushed the total to about $1.5 trillion – nearly twice the requested $804 …
Continue reading Iraq war costing twice as much as we were told
The real sub-prime losses – $ 150 – 450 billion. Now, can you say recession?
The real extent of the credit delusion in the US is now beginning to be recognised. The hidden losses among financial houses are being uncovered. While a few banks, like Goldman Sachs, might try to defer recognition of the losses till 2008 so that the news doesn’t hit their share price, analysts from Bernanke to …
Continue reading The real sub-prime losses – $ 150 – 450 billion. Now, can you say recession?