With confusing creditworthiness two more countries and many banks in Europe have “achieved” downgraded ratings over the last few days. And, there is a split. The Germans and the French have, temporarily, disagreed to agree. For the financial elites, political...
The Greek prime minister George Papandreou’s call for a referendum on the bailout package agreed with the EU leaders and the IMF sounds like a move towards democracy. The Greek people are apparently going to be asked whether they want to accept or reject massive cuts...
Two replies to Loane Sharp by Dick Forslund and Simon Eppel, originally published in Business Report, December 19, 2012: The South African Reserve Bank (SARB) reported in its latest Quarterly Bulletin that labour productivity is going up, as it has since 1994. The...
Even those who had called for a boycott of the Egyptian Presidential election run-off were cheering the news alongside Muslim Brotherhood supporters in a packed Tahrir Square when the results were announced. They were right to cheer. But they would also be wise to...
The South African Constitution proclaims that everyone has the right to strike. The entrenchment of this right was bought at a high cost by the majority of working men and women through, amongst others, the use of the strike weapon as a measure of last resort in...
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