Each week QFINANCE.com brings you some of the biggest news stories from the past five days (November 29 – December 5, 2013) in finance and business – essential reading to keep you up to date with the latest topics.
In Part One we looked at the difficulties of both imposing and maintaining a carbon tax on industry, in the light of Australia's initial move towards the tax and its unambiguous rejection of the whole idea of putting a price on carbon. Electing a climate denier as Prime Minister is about as clear a rejection as you can get. The danger, of course, is that other countries might be tempted to follow Australia's lead.
One of the saddest things about democracies is that it is extremely difficult for politicians to do the right thing, when the required course of action would create short term pain for large numbers of people. Arguing that we should take some pain now, to avoid much greater and more long lasting pain later, is extremely difficult. People may listen and some may even nod agreement, but they generally end up voting for the other guy. The carbon tax falls precisely into this category.
Each week QFINANCE.com brings you five things to look out for in the week ahead. Essential news that will shape the week and help you keep ahead in the world of business and finance.
Today has seen a change of tack by the Bank of England in its operation of UK monetary policy. During 2013 it has found itself operating in a rather hand in glove manner with the UK coalition government. This has been most evident in its approach to the housing market where it would have been hard to argue that there was any evidence of the claimed independence of its policy.
Each week QFINANCE.com brings you some of the biggest news stories from the past five days (November 22 - 28, 2013) in finance and business – essential reading to keep you up to date with the latest topics.
Given the fact that emerging markets have been whacking advanced markets out the park as far as growth is concerned, it should not be that perplexing that South Africa finds itself lagging behind the continent's emerging market out-performers. Francois Groepe, the deputy governor of the South African Reserve Bank, noted in a recent speech that while Sub-Saharan Africa is expected to grow at 5% in 2013, rising to 6% in 2014, South Africa's growth expectations are far less robust with the IMF predicting growth of 2% and 2.95% respectively.
The period since 2008 has produced a plentiful crop of recycled economic fallacies, mostly falling from the lips of political leaders. Here are my four favorites.
Raghuram Rajan, the governor of the Reserve Bank of India, believes he’s found a silver bullet that will transform India’s banking sector. Rajan, who took over as governor of the Mumbai-headquartered RBI on 4 September, wants to roll out the red carpet to foreign banks and to ease the regulatory regime for domestic players.
Each week QFINANCE.com brings you some of the biggest news stories from the past seven days (15-21 November) in finance and business – essential reading to keep you up to date with the latest topics.