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Economy

Ecuador offers to leave Amazon oil untouched

January 3rd, 2011  |  Source: FT Video

A valuable oilfield lying beneath a pristine expanse of Amazon rainforest will not be exploited - but only if the outside world agrees to give Ecuador $3.6bn.

This groundbreaking scheme is designed to save Yasuni National Park.

But little money has been raised so far and its fate hangs in the balance.  

FT’s David Blair reports on Ecuador’s plan to leave oil reserves in the Amazon rainforest untouched:

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The new -- 10th edition of A Random Walk Down Wall Street -- Goes Global

January 2nd, 2011  |  Source: Business Week

Burton Malkiel, author of a new edition of his investing classic, A Random Walk Down Wall Street, discusses ETFs, what Obama should do next, and more...

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End the Ethanol Insanity

December 31st, 2010  |  Source: Business Week

 

Ethanol damages engines and is not a viable alternative to fossil fuels, but farmers and lobbyists don't want you to know that.

"First-generation [corn] ethanol, I think, was a mistake. The energy conversion ratios are at best very small." —Al Gore, speaking at a green energy conference on Nov. 22, 2010

"Ethanol is not an ideal transportation fuel. The future of transportation fuels shouldn't involve ethanol." —Energy Secretary Steven Chu, Nov. 29, 2010

 

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After calamity, economics leaders rethink strategy

December 27th, 2010  |  Source: SFgate.com

Following the worst financial panic since Herbert Hoover's presidency, the mathematically minded professors who dominate economics face a renewed challenge from their historically inclined peers who think studying the booms and busts of the past offers a better guide to the future than today's predictive algorithms.

Normally a tiff among the tenured set would be little more than academic, but economics is the science that empties pockets or fills purses; its nostrums influence debate over everything from tax cuts to unemployment benefits.

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The sweet smell of Christmas

December 25th, 2010  |  Source: The Economist

FOR many years the air around Reggio Calabria carried the odour of gunpowder and death, as mafia clans settled their disagreements the old-fashioned way. These days, the dominant smell is more agreeable. When bergamot trees flower between March and May, the local groves are filled with one of nature’s most overpowering fragrances.

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No Congress Since 1960s Makes Most Laws for Americans as 111th

December 22nd, 2010  |  Source: Bloomberg

However history judges the 535 men and women in the U.S. House of Representatives and Senate the past two years, one thing is certain: The 111th Congress made more law affecting more Americans since the “Great Society” legislation of the 1960s.

 

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China’s Tencent Will Bury You, Facebook

December 16th, 2010  |  Source: Adotas

 

 

What’s that, Mr. Time Person of the Year? Mark Zuckerberg, you think you can just waltz into mainland China and win every party official and his grandmother over with your pitiful communication skills and your fancy American social network? Think again — Chinese social networks will take over the West!

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WikiLeaks And The New Corporate Disclosure Crisis

December 11th, 2010  |  Source: Forbes

How does WikiLeaks change the threat of a corporate crisis, and how should your organization prepare?

If the scandals that have plagued corporate America in the past two years haven't gotten you thinking about your own company's vulnerabilities, then the latest revelations out of WikiLeaks certainly should.

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Government can’t print money properly

December 7th, 2010  |  Source: Yahoo News

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Oil prices reach post-crisis two-year high

December 4th, 2010  |  Source: BBC.com

The price of oil on both sides of the Atlantic has hit its highest level since the financial crisis.

In Europe, Brent crude futures rose to $91.58 per barrel, while in the US, West Texas Intermediate hit $89.35 - the highest levels since October 2008.

Despite the market rally, prices still remain 40% below their pre-crisis peak.

Among the factors driving prices higher are rising demand because of the global economic recovery and cold weather in Europe, as well as the weak US dollar.

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