Banks: The Right Thing to Do

When the US shutdown sent shivers and ripples through the financial markets in October with the fear that the federal government would end up defaulting on the repayment of its debts, the banks decided to set up contingency plans. It turns out that JP Morgan and other banks decided that in the event of the…

Apple Curry Favors India

What would you do in the country that has only 4% of its population that earns more than $5 per day to eke out its existence if you wanted to sell in that country? Normally, the laws of economics would tell you to adapt your product to the market show its strengths and provide a…

Solar Panels: Back to the Dark Ages

France’s General de Gaulle once said that the only thing that would unite Europe would be China. At the time he was probably visionary in the knowledge that the Europeans would never unite. There was too much rivalry and there always has been. The British and the French have always been at odds and the…

The Super Rich Deprive Us of Fundamental Rights

We used to say that money made the world go round. But, that was a whole invention from the start of things just to make it look good and to make the world believe that we would not be able to revolve on our axis had the concept of monetary exchange not been thought up.…

Whining for Wine

In a few years’ time we might all be whining because there is no more water left in the world apparently. That’s because according to the World Economic Forum “we are now on the verge of water bankruptcy in many places around the world, with no clear way of repaying the debt”. But, if there’s…

Cost of Living Not High Enough in EU

The EU may have many worries and woes that are slapping it around its face right now (and it could be said for a number of years), but there is one thing that is worrying economists more than the sovereign-debt crisis and that’s the fact that prices are not increasing enough. Economists at the European…