by Ajay Shah, Anirudh Burman and Arjun Rajagopal, Ajay Shah's Blog
FDI in aviation was liberalised by the Reserve Bank of India on September 21, 2012 through a change in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (link). Following that change, private players began putting together a number of complex transactions between Indian and foreign companies such as Jet-Etihad, AirAsia-Tata, and Tata-Singapore Airlines.
by Rodger Malcolm Mitchell, www.nofica.com
THE GAP actually is a series of income/wealth gaps between the very rich, the rich, the not-so-rich and down the line to the very poor.
Every income/wealth group wants the gaps below them to widen and the gaps above them to narrow. For the very rich, all gaps are below them, so general gap widening is the goal.
by Michael Lombardi, Profit Confidential
An economy is said to be technically in a recession when it experiences two consecutive quarters of negative gross domestic product (GDP) growth.
The biggest portion of the U.S. GDP calculation is consumer spending; then comes investments, government spending, and, finally, net of exports. By far, consumer spending is the biggest factor in calculating GDP. All you need is a slight decline in consumer spending for GDP to fall.
by Dirk Ehnts, Econoblog101
There is a nice comment by Warren Mosler on an FT article by Martin Wolf. You can see very clearly the differences in thinking. I side with Warren Mosler, who is correct to point out mainly that deficit spending by the public sector is an available way out for those countries that have a sovereign currency (not the euro zone).
May 2nd, 2014
in Op Ed
by Charles Hugh Smith, Of Two Minds
There is nothing fancy about these three solutions.
I have covered rising income/wealth inequality for many years in dozens of entries. Since Thomas Piketty's new book has catapulted the topic into the media spotlight, it's a good time to list solutions that go deeper than Piketty's proposed global wealth tax - a proposal he characterizes as utopian.