The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects for container carriers that turned in record profits during the pandemic.
Finance
Frances Coppola: Why central bankers don’t understand inflation
“The job of the central bank is not to set the current level of inflation, but to keep wages down by influencing people’s expectations of the future level of inflation.” Read here
Corruption
Simon Wren-Lewis: A rotten corporate culture
” The problem is that the senior managers, the auditors and the Board are not in prison and have not even suffered any financial loss.” Simon Wren-Lewis tells it like it is. Read here
Climate Crisis
Ann Pettifor: High finance is wrecking the economy and the planet—but it won’t reform itself
The establishment is waking up to the dangers of “rentier capitalism” but more than cosmetic change is required Read here
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