Daily Digest 6/23 - The Austere Land, Low-Skill Jobs In Jeopardy, Why Crude Prices Are In Steep Retreat
- Prisons, Privatization, Patronage
- West Floats Clemency Offer if Assad Goes Quietly
- The Austere Land
- The Battle For The Soul Of Occupy Wall Street
- Up to 95 Million Low-Skill Workers in Danger of Being Left Behind
- Leaders Vow to Defend Euro, but Hint at Rifts on How
- Oil Trade: Why Crude Oil Prices Are In Steep Retreat
- Agricultural Phosphorus Shortage Made Worse By Biofuels?
Prisons, Privatization, Patronage (VeganD)
You might be tempted to say that it reflects conservative belief in the magic of the marketplace, in the superiority of free-market competition over government planning. And that’s certainly the way right-wing politicians like to frame the issue.
The initiative outlined on Thursday — which could end up being little more than a trial balloon — would focus on a conference to be held in Geneva on June 30 to which Syrian government officials, and possibly Mr. Assad himself, would be invited, along with opposition leaders, world powers and important regional players.
The Austere Land (jdargis)
The British are no more wedded to the idea of fiscal austerity than are the Americans. The Victorian aim of an annual budgetary surplus (in order to allow for the repayment of debt) has long since vanished. Both countries experienced only occasional surpluses in the postwar years associated with exceptional booms. The divergence of the two countries lies not in underlying attitudes but in political and institutional circumstances.
"We wouldn't be here without anarchists," he says. "Purist idealists are very important in any transformative social movement. I was one! I understand it – they open the floodgates. But my job is different. It's about trying to create a mass movement. Or, at the very least, having mass outreach to the 99 percent."
The report also identifies a potential shortage of nearly 45 million “medium-skill” workers in developing countries, saying that although industrialization will increase demand for employees with a high-school education and vocational training, the low rates of secondary school enrollment in some of these countries could make it difficult to supply these workers.
And so the impasse remains, even after a sharp public rebuke Thursday evening by the monetary fund’s managing director, Christine Lagarde, who urged European leaders to get on with fixing the euro zone’s economic problems. The Obama administration has likewise made clear its fears that the slow pace of rectifying the crisis is dragging down the global economy and hampering the American recovery, with the fallout including damage to Mr. Obama’s re-election campaign.
“The U.S. is flush with oil right now,” independent analyst and trader Stephen Schork told the AP. “And if you factor in the economic mess in Europe, slower economic growth in China, and probably overproduction from the Saudis in preparation for the Iranian oil embargo, the world has a comfortable supply of oil.”
So when will the black gold bounce back?
There is the further issue of the demand on freshwater, of which agriculture already struggles to secure enough to meet its needs, and in a sustainable picture of the future, supplies of water appear uncertain against the countenance of climate change. It is in the light of these considerations that algae/algal fuels have begun to look very appealing3, especially given the claimed very high yields that can be obtained per hectare as compared say with rapeseed and biodiesel.
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