In this 38 minute interview Lars Schall, for Matterhorn Asset Management, speaks with Dr Pippa Malmgren, a US financial advisor and policy expert based in London. Dr Malmgren has been a member of the U.S. President’s Working Group on Financial Markets (a.k.a. the “Plunge Protection Team”).
Appearing before the Senate Banking Committee, Yellen was on the defensive, as Republicans questioned how the Fed conducts monetary policy and Democrats put forward ideas for getting tougher on Wall Street.
In the midst of all of it, Yellen generally argued the Fed was designed as an independent entity for a reason — and it would be best not to change it.
“Central bank independence in conducting monetary policy is considered a best practice for central banks around the world,” she said. “Academic studies, I think, establish beyond the shadow of a doubt that independent central banks perform better.”
In 1972, with the baby boomers coming of age in a ever-more-crowded world and reports of riots in the cities, Universe 25 looked like a Malthusian nightmare. It even acquired its own catchy name, "The Behavioral Sink." If starvation didn't kill everyone, people would destroy themselves. The best option was to flee to the country or the suburbs, where people had space and life was peaceful and natural.
Even after Lawrence united the Arabs against, and defeated, the Ottoman Empire with the help of the British, the Arabs still couldn’t agree and left the scene not united as Lawrence envisioned.
No wonder there is so much hate and civil war in this most volatile region of the world economy. But that is only the first reason…
While in Guinea, I often woke up sweating in the middle of the night, my heart racing. I might have felt warm, but my thermometer would read 97.7°F — perhaps it was broken? I started diagnosing myself with gastritis, amebiasis, peptic ulcer disease. Though I understood the connection between psychological stress and physical pain, I’d never experienced it like this. As an emergency physician, I try to approach challenging situations rationally and remain calm under pressure. But my work made it hard for me to relax and feel like myself.
Exploration and exploitation of these regions was not new, as the English and Portuguese claimed their stake in the East long before the Dutch arrived. There was, however, one key difference to the Dutch endeavor: while other European colonials sailed under the protection of their royal houses, the Dutch sailed under a corporate logo. The VOC was just that: a privately held company operating independently from the Dutch government. It was the first company to issue public stock, and the first to control a private military. Through financial cunning and sheer force, the company pressured territories the world over into exclusive trading contracts.
“The winds of social change will blow from the south,” Rachid Tlemcani, a professor of history at the University of Algiers, predicted. “In the north the demands of people are housing, jobs and for their share of the oil revenues. But in the south, they are saying we don’t need shale gas, for the sake of the environment. They have a very high social conscience.”
Nigeria’s Future Depends On Electricity (Evan K.)
Nigeria has one of the worst electricity supplies in the world second only to India. No access to power hinders the country’s development in all sectors from education up to industrial production. Nigeria’s Achilles heel is therefore not Boko Haram but electricity, and if the next president won’t prioritize power generation the country risks stagnating economically in the coming years. Nigeria produces around 4,000 megawatts for a population of over 170 million; with a similar population, Brazil generates 24 times as much. South Africa consumes 55% more energy per capita than Nigeria, where half of the population does not have access to power.
SolarCity has already begun installing Tesla batteries, mostly on commercial buildings like Walmart stores, which have to pay higher rates when they use lots of power during peak hours. Tesla’s batteries let them store up solar power when they don’t need it, then use it when rates are high, shaving 20-30 percent off their energy bills, according to Ravi Manghani, an analyst at GTM Research.
The agency was stripping the cars—removing motors, wheels, hydraulics, seats, windows, light fixtures, and Freon from the A/C systems—and dumping them overboard so far into the ocean you couldn’t see land. The rusty conveyances initially served as shelter for invertebrates and migrating fish. As time passed they attracted scads more marine life, including sharks, economically important game fish, and at least one curious sea turtle.
“This type of edible packaging is definitely aligned with the global consumer mind-set in terms of sustainability and simplifying their life,” Shilpa Rosenberry, a senior director for global consumer strategy at consulting firm Daymon Worldwide, told the Times.
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