Some 1700 jets land in Davos to ponder global warming

A squadron of 1,700 private jets are rumbling into Davos, Switzerland, this week to discuss global warming and other issues as the annual World Economic Forum gets underway.

The influx of private jets is so great, the Swiss Armed Forces … Read the rest

Defining away economic failure

By Paul Craig Roberts

Last week’s government guesstimate that second quarter 2014 real GDP growth will be 4% seems nonsensical on its face. There is no evidence of increases in real median family incomes or real consumer credit that would … Read the rest

By Paul Craig Roberts

Last week’s government guesstimate that second quarter 2014 real GDP growth will be 4% seems nonsensical on its face. There is no evidence of increases in real median family incomes or real consumer credit that would … Read the rest

Rising Africa, the hopeful continent

africacontinentIn May 2000, the respected international weekly magazine The Economist published a provocative lead article describing Africa as “the hopeless continent”.

To illustrate the hopelessness, the magazine picked several of Africa’s cities as case studies. Among those cities was Freetown, … Read the rest

WSJ trashes SA’s black government

The Wall Street Journal has published an article painting a bleak picture of South Africa’s economy, saying labour unrest has caused its economic growth to fall behind other African states.

“The unrest is exposing a stark reality – South Africa … Read the rest

Better governance will improve Brics growth

The world’s five emerging economic powerhouses will experience significantly slower growth if they delay in implementing key political reforms, according to a report released on Monday by Germany’s Bertelsmann foundation.

The report said the five Brics countries – Brazil, Russia, … Read the rest