Friday, 20 April 2018

Is Saudi Arabia Spreading Itself Too Thin? | Inside Story

Saudi Arabia has embarked on an extensive economic and social transformation. Crown Prince Mohammed Bin Salman has made it his mission to make the country less dependent on oil and diversify its economy. But that's proving challenging because of several factors, including the war in neighbouring Yemen.

Saudi Arabia and its coalition partners have been fighting Houthi rebels there for nearly three years now. And as the Saudi government announces more mega projects as part of its so-called Vision 2030 strategy, there are concerns it might be over extending its economy. Can it afford these large projects and how likely are they to become a reality?

Presenter: Folly Bah Thibault | Guests: Jamal Khashoggi - Saudi journalist, columnist and author; Anastasia Nesvetailova - Director of the City Political Economy Research Centre at City University of London; Robert Mogielnicki - Senior Analyst specialising in the political economy of the GCC at the consultancy Siwa Group

Citigroup's Mann Sees No Recession, Says Fed Path `Appropriate'

Apr.20 -- Catherine Mann, global chief economist at Citigroup, discusses the U.S. economy and Federal Reserve policy. She speaks on "Bloomberg Surveillance."

Friday, 13 April 2018

Why Savings Accounts Are Terrible Places to Keep Your Money

KNOW WHERE 2 INVEST: Today you are joining me at the beginning of my second series of articles. In my first series I covered everything you need to know to begin investing. You can find a summary of these articles here. If you read my articles you now know the basics of how to invest. You will be feeling significantly more confident about investing. You will no longer feel concerned that you will lose your investment in the next economic collapse. And you will not be blowing your money away in savings accounts. You must make good investments if you are to reach your goals. » Robert Sadler | Tuesday, April 10, 2018

About Robert »

Thursday, 5 April 2018

Steve Keen – Financial Crisis, Trump 2018 - 2019, Crash Is Now

Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the university. In autumn 2014 he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He is also a fellow at the Centre for Policy Development. He is the author of Can We Avoid Another Financial Crisis? (The Future of Capitalism).

Tuesday, 27 March 2018

Nassim Taleb on Black Monday, Fed, Market Lessons

Oct.16, 2017 -- The Black Monday crash was 30 years ago this week. "Black Swan" author Nassim Taleb was a trader for First Boston at the time. He made a lot of money while others lost fortunes. He recounts the experience with Bloomberg's Erik Schatzker.

Saudi Aramco CEO on IPO, Expansion, Shale Competition

Mar.26, 2018 -- Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser discusses the upcoming initial public offering of the giant energy company, planned expansion in production capacity and competition from U.S. shale oil. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: European Close."

Sunday, 18 March 2018

Joseph Stiglitz: "The Price of Inequality" | Talks at Google

Joseph Stiglitz, Nobel Memorial Prize in Economic Sciences recipient (2001) , visited Google on June 12, 2012 to talk about his new book THE PRICE OF INEQUALITY: How Today's Divided Society Endangers Our Future.

Inequality: Of The 1%, By The 1%, For The 1%

VANITY FAIR: Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.

It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous—12 percent in the last quarter-century alone. All the growth in recent decades—and more—has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow. » | Joseph E. Stiglitz | March 31, 2011

Tuesday, 13 March 2018

The Rise of Jeremy Corbyn and Class Struggle in the UK Labour Party

On Reality Asserts Itself, Prof. Panitch talks about how the Labour Party moved from being a Tony Blair party of class reconciliation and war, to a truly left mass party with more than 600,000 members that may take power