Tag: Economy

Sep 01

Oil prices in the next decade

  An influential working paper was released by IMF on The Future of Oil, and “its point forecast is for a near doubling of the real price of oil over the coming decade”. This is really bad news for the world economy, but the debate on its effects still languishes as economists and policy makers are …

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Aug 29

The ECB’s role against spread

Beyond the debate over the pros and cons of direct ECB’s actions to sustain the price of European bonds under attack, Andrew Bosomworth, managing director of the German office of Pimco, the world’s largest investor in government bonds, fears that the new program will mainly attract speculators rather than long-term lenders. “If interest rates for …

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Aug 28

Italy for sale #3

Bad news or a helping hand for those at work on the big sale of Italian assets? Martti Hetemäki, Vice-Minister of Finance and Kare Halonen, Secretary of the State Council of Finland are today in Rome for confidential meetings with members of the Italian government, to provide the Finnish recipe to drop the debt cake: …

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Aug 23

Earth Overshoot Day

Yesterday,   August 23, was Earth Overshoot Day: in 8 Months, humanity exhausted earth’s budget for the year, Global Footprint Network calculated.

Aug 23

They see a light

The most influential members of the Italian government have been the leading actors of the annual convention of Comunione e Liberazione, the powerful catholic sect with a strong bias for business and many leaders convicted or prosecuted for bribing. Probably due to the mystic atmosphere in the “Meeting” and against any evidence and data (see …

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Aug 19

Italy’s world records – #3

Every day the ‘government of professors’ adds miles to its distance from reality. While the burden for new taxes and inflation weights for over 2.300 euro per family in 2012, recession is stronger than ever and taxes fly at the top of EU taxation systems, the professor chats with Tempi (magazine of Comunione e Liberazione, …

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Aug 18

Italy’s world records -#2

Italy won the European record of illegal overbulding in 2012, with 161 hectares of land currently converted to new buildings every day (with average of 33 per day in the last 50 years; see other interesting data here). It is a devastating business and a source of major income for mafia. WWF Italia forecast a …

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