Picture the following. You are a small start up with a wonderful new gizmo which brings significant efficiencies and cost savings to industry X. No sooner do you open your doors when you get a letter from a "patent troll" saying you are infringing their patent (unspecified) and you need to pay them a license fee or be sued. You "know" the claim is spurious, but to prove it in court could cost you anything from a few hundred thousand pounds to a few million.
The decay of Western capitalism started well before 2008. Commentators, along with politicians of all stripes, are quick to point fingers at the supposed culprits: the Wall Street banker, the City speculator, the Chinese manufacturer, the Indian entrepreneur, or the Russian oligarch. The convenient wisdom is that disease is always caused by others. In fact, they are trying to deny a much harsher reality.
Each week QFINANCE.com brings you some of the biggest news stories from the past five days (February 7 - 13, 2014) in finance and business – essential reading to keep you up to date with the latest topics.
Emerging market equities and exchange rates are again under severe downward pressure, but are the underlying economies really as fragile as global traders seem to fear? The short answer, for a few, is probably “yes,” but for most, “not just yet.”
As everyone by now knows, the real significant difference between Basels I and II and Basel III isn't the capital stuff, it’s the liquidity requirements. The first two regimes didn't address liquidity (one may think that’s odd, but the theoretical reason was that banks perceived as funding-weak would be shunned by customers as a home for their deposits – a market-based solution, if you like...) By contrast, Basel III is chock full of text on the subject. Of course everything is relative.
Each week QFINANCE.com brings you five things to look out for in the week ahead (10-02-2014). Essential news that will shape the week and help you keep ahead in the world of business and finance.
It is ironic that just as we are finally saying goodnight and farewell to Peak Oil theory, scientists are poised to bring unlimited quantities of the finest sweet crude oil to market, courtesy of algae and sunlight. Moreover, the algae route to creating oil is said to generate 95% fewer greenhouse gasses than the conventional route of drilling for oil, so even if climate change activists would rather that we stopped using oil altogether, "green oil" goes a long way towards meeting most of their objections.
Each week QFINANCE.com brings you some of the biggest news stories from the past five days (January 31 – February 6, 2014) in finance and business – essential reading to keep you up to date with the latest topics.
Back in the late 1980’s, Japan seemingly could do no wrong in economists’ eyes. They saw an economy that, since reconstruction began after World War II, had significantly outperformed the expected growth of European economies. And they saw an economy growing considerably faster than North Atlantic economies had when they possessed the same absolute and relative economy-wide productivity levels.
The banking system has become most central bankers’ Achilles’ heel. This may seem paradoxical – after all, the word “bank” is in their job description. But most people currently at the top of our central banks built their careers during the 1980’s and 1990’s, when the threat of inflation was still very real, so this remains a major focus of their intellectual and practical concerns.