by Carsten Holz, The Conversation
The world’s second-largest economy has become the second-most watched and yet investors, politicians and economists are never quite clear what it is they’re looking at. China’s premier, Li Keqiang, is not so sure, either: leaked diplomatic cables have him confiding that all data other than electricity consumption, volume of rail cargo, and amount of loans disbursed should be considered “for reference only”.
by Chris Mayer, Daily Reckoning
"For some years now," Tim Morgan writes in Life After Growth:
"Global average EROEIs have been falling, as energy resources have become both smaller and more difficult (meaning energy-costly) to extract."
You may have heard of this concept called energy return on energy invested (EROEI). It looks at how much energy we expend in relation to how much energy we extract. Some, like Morgan, think this is very important.
Consequently, falling EROEIs have become the basis of a variety of dire forecasts...
Be skeptical of anything that seeks to analyze our economy by taking money out.
Mention the words The Federal Reserve System at a gathering and assuredly you will receive a barrage of invectives. Similar to the Internal Revenue Service, the Fed is not well admired. Those who meticulously analyze its functions and operations have found fault with its structure, errors in its performance and aroused doubts to the effectiveness of its principally operations:
March 15th, 2014
in Op Ed
by Stephen Petranek, Daily Reckoning
The most disruptive technological force on the planet is happening quietly and relatively unseen by most of us.
When you plug your cellphone charger into a wall socket, you are probably connecting to one of about 500 coal-fired power plants in the United States.
Written by Frank Li
Editor's note: In this special column, Frank Li imagines what a conversation between U.S. President Obama and Ukraine's interim Prime Minister Arseniy Yatsenyuk might have been like. Enjoy.
On March 12, President Obama welcomed Ukraine's interim PM (Prime Minister), Arseniy Yatsenyuk, to the White House (Obama's backing for Ukraine's new leaders hardens East-West split). I have obtained a copy of the taped conversation between them via a friend working at NSA, and hereby release it for your perusal.