Tag Archives: Economics

Financial Technology: Is There A Crypto Future?

The Economist (May 18, 2023) – The financial revolution once promised by cryptocurrencies has been knocked off course by regulators and allegations of fraud. So what does the future hold for crypto?

Video timeline: 00:00 – The crypto party is over 01:06 – The history 03:30 – What is crypto? 04:38 – Uses around the world 06:07 – Layer 2 solutions 07:12 – Web3 08:51 – Data and privacy 10:04 – What is the future of crypto?

Special Report: ‘Digital Finance’ – The Economist

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The Economist – Special Reports (May 20, 2023): The fight over payments systems is hotting up around the world. There may be surprising winners, says Arjun Ramani.

As payments systems go digital, they are changing global finance

The fight over payments systems is hotting up around the world. There may be surprising winners, says Arjun Ramani

Payment is one of the most fundamental economic activities. To buy anything, you need something the seller wants. One option is barter, but that is beset by friction (what are the chances of having something your counterparty wants at any exact moment?). Early forms of money, from cowrie shells to beads to metal coins, offered a solution: they were always in demand to settle transactions.

Politics: Why America Faces Debt Catastrophe

The Economist (May 11, 2023) – As America’s government hits the debt ceiling, US politics has become a multi-trillion dollar game of chicken. If neither side backs down, America could default on its debts for the first time in history, sparking global economic turmoil. What is the debt ceiling, and how can this crisis be resolved?

Africa: The Potentials Of Nigeria Cassava Farming

Insider Business (May 7, 2023) – Nigeria grows 63 million metric tons of cassava (also known as yucca) every year, but most of the country’s supply is eaten locally as fufu or garri. Experts say Nigeria could be missing out on billions in exports of lucrative cassava products like bubble tea pearls, starch, or ethanol.

Video timeline: 0:00 Intro 1:48 History of cassava 2:58 Growing issues 5:42: How garri and fufu are made 6:54 Transportation issues 7:36 How cassava is processed 10:06 Global demand is so high for cassava

Challenges along the country’s entire supply chain have caused hundreds of millions of dollars in cassava spoilage. But one entrepreneur, Yemisi Iranloye, thinks she has the solution. She’s introduced higher-yielding seed varieties and moved processing plants closer to farms.

Now, her farmers earn four times more for their product, and her cassava starch and sorbitol have landed her clients like Nestle and Unilever. Could Yemisi’s model be the way for Nigeria to feed itself and cash in on exports?

Culture: Dal Lake Floating Market, Srinagar, Kashmir

Insider Business (April 21, 2023) – For generations, farmers in Indian-administered Jammu and Kashmir have been selling their crops on the Dal Lake in a floating market. The lake is an economic hub for people living there – with many working in agriculture, fishing, and tourism. But decades of pollution have threatened their livelihoods.

The floating vegetable market on Dal Lake is in Srinagar, Kashmir, where locals trade out of their canoes. The produce sold here is grown in floating gardens.. The rich ecosystem of this wetland produces plenty of tomatoes, cucumbers, water chestnuts and the famous nadru (lotus roots, a delicacy in the Kashmir Valley).

They gather in the centre of the lake at dawn, and disappear just as sunlight hits the waters.

Special Report: ‘The Car Industry – A Difficult New World’ (The Economist)

Special reports: A difficult new world

The Economist – Special Reports (April 22, 2023): Everything about carmaking is changing at once. The industry must reinvent itself to keep pace, says Simon Wright

Everything about carmaking is changing at once

The car industry

The industry must reinvent itself to keep pace, says Simon Wright

Electrification

The future lies with electric vehicles

The car industry is electrifying rapidly and irrevocably

Climate Change: 10 Foods That Keep Getting Pricier

Insider Business (April 4, 2023) – Purple flowers in Kashmir produce the world’s most expensive spice — saffron. While it can sell for $10,000 per kilogram, climate change is making it even more expensive. Because of lower-than-usual rainfall over the last few years, production has dropped significantly.

And fields that once yielded this delicate spice have become sites for new housing construction. Climate change is threatening the production of all kinds of foods from cloves in India to eels in Japan and Spain. Here are 10 expensive, and vulnerable, foods and why climate change is making them so much more expensive.

Rent Inflation: The Rise Of New ‘Luxury’ Apartments

CNBC (April 2, 2023) – An apartment building boom is unfolding in cities across the U.S. Many of the new units come with “luxury” amenities, like pools and fast-access to transportation. Experts say the uptick in supply is welcome news, but won’t ease rent inflation anytime soon.

Chapters: 0:00 — Introduction 1:09 — Chapter 1: “Luxury” 5:42 — Chapter 2: Policy 9:55 — Chapter 3: Increasing supply

As a result, many cities remain stuck in a price-elevating housing shortage. Washington lawmakers are now scrutinizing regulations that slow the pace of homebuilding, in an attempt to slow rent inflation.

Preview: Foreign Policy Magazine – Spring 2023

The Magazine – Foreign Policy

Foreign Policy Magazine – Spring 2023

The World Will Regret Its Retreat From Globalization

Trade and financial flows have fallen well below their peaks, and poorer countries will bear the brunt.

It’s High Time to Prepare for Russia’s Collapse

Not planning for the possibility of disintegration betrays a dangerous lack of imagination.

America’s Zero-Sum Economics Doesn’t Add Up

Industrial policy and subsidies are nothing new and can be useful. But shutting off from the world will have consequences.

Special Report: Insert Coin – The Rise Of Video Gaming

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The Economist – Special Reports (March 25, 2023)

Ready, player four billion: the rise of video games

As video games move from teenage distraction to universal pastime they are following the path of other mass media, says Tom Wainwright

Battles over streaming break out for video games

Streaming subscriptions have revolutionised music and television. What will they do to games?