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Welcome to the age of cuts
Welcome to the age of cuts The UK government faced a barrage of criticism over its National Insurance hike this week. The tax – which theoretically pays for public services, pensions, and benefits – was in creased last autumn, before the political class became aware of the massive increase in gas and electricity prices coming later this year. However, […]
Days of reckoning
Days of reckoning Here’s something which will likely be universally unpopular: The government shouldn’t do anything to subsidise energy prices. I say this in the face of a £700 or so increase on annual bills announced today. And this is just the beginning, because, as Nils Pratley at the Guardian points out, when the price cap is raised again […]
#221. Strategies for a post-growth economy
#221. Strategies for a post-growth economy PART ONE: BUSINESS IN A NEW ERA Under current conditions, it’s increasingly hard to understand why the inevitability of economic contraction remains so very much a minority point of view. Many of us have long understood why past growth in material prosperity has gone into reverse. Here, with the SEEDS […]
Largest UK Supermarket Warns “Worst Has Yet To Come” Amid Food Inflation Crisis
Largest UK Supermarket Warns “Worst Has Yet To Come” Amid Food Inflation Crisis Britain’s largest supermarket chain warned “the worst is yet to come” on food inflation as the cost-of-living crisis pulverizes the working poor. John Allan, chairman of Tesco Plc, told the BBC’s Sunday Morning Live that low-income households have difficulty choosing between food and heat this winter. […]
The End of Free-Lunch Economics
STEFANI REYNOLDSAFP via Getty Images The End of Free-Lunch Economics Since the global financial crisis, and particularly during the COVID-19 pandemic, fiscal and monetary policymakers have operated as if there are no tradeoffs to their expansionary policy programs. Now that economic conditions have changed, they may soon have to relearn old lessons the hard way. […]
Fossil Fuel Companies Received $5.9T in Subsidies Worldwide
Fossil Fuel Companies Received $5.9T in Subsidies Worldwide Fossil fuel subsidies shield us from the real price at the pump Oil Refinery at Night 2020 was a banner year for fossil fuel subsidies worldwide propping up the world’s oil companies with $5.9T in subsidies according to the International Monetary Fund. Conservative estimates put US subsidies to oil companies […]
“I’ve Never Seen A Market Like This”: Goldman Sees Shortages Of Everything, “You Name It, We’re Out Of It”
“I’ve Never Seen A Market Like This”: Goldman Sees Shortages Of Everything, “You Name It, We’re Out Of It” It’s probably not the endorsement Biden’s flailing administration wanted. In a time when social networks have been swamped with photos of empty shelves from across the nation, Goldman’s head commodity strategist and one of the closest-followed […]
David Hunter: S&P to Meltup 40%, Then Crash 80%
David Hunter: S&P to Meltup 40%, Then Crash 80%
Prepare Yourself, This is Getting Serious
Prepare Yourself, This is Getting Serious https://youtu.be/N2hYVtoneaY
Potemkin Economy: Costs & Consequences
Potemkin Economy: Costs & Consequences A Potemkin economy has lured the Fed, economists, and Wall Street analysts into a potentially dangerous assumption of economic normalcy. However, with a review of how we got here, we can better understand the costs and consequences of monetary interventions. “In 1783, after the Russian annexation of Crimea from the Ottoman Empire and the […]
“The System Is Broken”: Boots-on-the-Ground View by a US Manufacturer on the Supply Chain Chaos
“The System Is Broken”: Boots-on-the-Ground View by a US Manufacturer on the Supply Chain Chaos “We are simply limited to what our suppliers tell us we can have. It really isn’t supposed to work this way!” For what seems like a long time now, Wolf Street has been discussing the apparently never-ending shortages that US […]
Which Global Risks Have Worsened During The Pandemic?
Which Global Risks Have Worsened During The Pandemic? Each year, the World Economic Forum (WEF) puts together its Global Risks Report, an analysis of the top risks that pose a threat to the world. The report includes data from nearly 1,000 surveyed leaders, across various organizations and regions. In this year’s report, respondents were asked which global […]
Voluntary Simplicity and the Steady-State Economy
Voluntary Simplicity and the Steady-State Economy Voluntary simplicity is most basically characterized by the practices of mindfulness and material sufficiency. Through bringing mindfulness to our daily lives, we seek the maximum of well-being achievable through the minimum of material consumption. Well-being applies to all life forms on Earth, not just people. The practice of sufficiency implies conscious moderation […]
‘Fuel Poverty, the Cost of Living Crisis, and Climate Change’ – A Data Blog
‘Fuel Poverty, the Cost of Living Crisis, and Climate Change’ – A Data Blog Finding solutions to immediate problems and our future needs requires some difficult decisions, and if not thought-out, short-term thinking might create contradictory responses. This is a film of my latest ‘data blog’: Ripping apart the statistics on energy, carbon emissions, and […]
Just-in-time gives way to “buy everything you can” as U.S. supply disruptions persist
Just-in-time gives way to “buy everything you can” as U.S. supply disruptions persist Container trucks , ships and cranes are shown at the Port of Long Beach as supply chain problem continue from Long Beach, California, U.S. November 22, 2021. REUTERS/Mike Blake Jan 28 (Reuters) – Stephen Bullock eight months ago gave up on the […]
