From Investment and Business News OPEC has agreed to cut oil production by 1.2 million barrels a day, and yet the price of oil still fell. Some say it’s because traders don’t expect OPEC members to adhere to the cut. Equally, however, it could be argued that OPEC reduced oil quotas because it knew...
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The announcement yesterday that the Australian Bank, Macquarie is to buy the UK’s Thames Water utility for £8 billion may stick in the throat of UK consumers when they see the profits made by the current owner, RWE on the sale of the utility – but spare a thought for Australians who only this...
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With confirmation of the underground nuclear test yesterday by the Democratic Peoples Republic of Korea (DPRK) drawing the ire of world leaders across the spectrum, there appears to be little that can be done other than a full scale assault on facilities or so called ‘regime change’. With neither option favoured by the DPRK’s...
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The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold; with all currency issuance is to one degree or another regulated by the gold supply.In modern mainstream economic thought, a gold standard is considered undesirable because it is associated with the collapse of...
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If it were a movie it would be dismissed as pure fantasy. A teetering third world dictatorship sets off a nuclear bomb and threatens the world. Could it really be more unimaginable? Well the unimaginable has happened, and worse still the superpowers of the world are helpless and divided over what to do. A...
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