The austerity delusion
Paul Krugman’s detailed explanation why harsh austerity in depressed economies isn’t necessary, and does major damage when it is imposed.
A collection of some of the best links from around the web, manually curated.
Paul Krugman’s detailed explanation why harsh austerity in depressed economies isn’t necessary, and does major damage when it is imposed.
Fascinating in-depth look into a major force of the global economy that we hear relatively little about. Interesting factoid: Denmark’s ships use more oil than the entire nation. Wut?
If this week has left you wondering what’s happening in Russia and what it means, Mother Jones has you covered.
So people pay 100 million for skinny bronze sculptures. We knew that. But how come people are willing to pay such a hefty prize for a sculpture that isn’t even unique, but one of six? An interesting explainer.
A surprisingly good read: Norway’s oil fund – valued at 860 billion USD, twice the country’s GDP – could become a major driver for renewable energy sources.
Important commentary: While rights and opportunities for gays and women are becoming more equal, the working classes seem to be forgotten, making them easy targets for nationalist parties.
Consider this: There are currently 291 rapidly expanding emerging cities with populations of 1–10 million. By 2050, urban population worldwide is expected to rise by another 2.5 billion. Then have a look at this juxtaposition. A report on how important the development in emerging cities is for our future.
He’s the CEO of a billion-dollar company and this is his classy resignment announcement. It’s quite telling, being a man, he was never asked the question that made him step down once he asked it himself.
You’ve probably heard enough of the Euro crisis by now. Trust me, this piece will give you a fresh perspective.
Yet another Matt Taibbi masterpiece on big banks that leaves you wondering: How is this even possible?
Make sense of what’s happening, and imagine what could be.
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