This alternative idea of prosperity would also mean working in different ways and to different rhythms. Perhaps we’d have more skills swapping and time-banking, a shorter working week, or revive older methods of doing things, renewing earlier, environmentally friendly agricultural practices even as we take advantage of the newest green technologies in areas such as energy and medicine. Of course, greening the economy would extend far beyond personal habits. Among other things, new forms of ownership and control over the ways we make what we need, including democratic control over renewable energy and national control of utilities and public services, would be central to this vision. … [Read more...] about The pandemic is an opportunity to reconsider what makes a good life
Life quarter crisis
Asked whether he had abandoned his stated ambition to have the country back towards normality by Christmas, Mr Johnson said: 'Whether we are going to get things back to normal at all by Christmas, I'm still hopeful, as I've said before, that in many ways we could be able to get some aspects of our lives back to normal by Christmas. … [Read more...] about Boris’s mass COVID testing moonshot ‘to cost £100BILLION’: PM’s plan to get life back to normal is forecast to cost almost as much as entire NHS budget – as experts warn it may not even be possible
Saudi Arabia, which produces a third of OPEC's oil, has remained the de facto leader of the bloc since the 1990s when conflicts, corruption and poor management wrecked production in other member countries, including regional rivals Iran and Iraq. … [Read more...] about OPEC at 60 — an oil cartel on life support
Lurking in the shadows as Carney made his debut were the other big economic themes since the collapse of Lehman Brothers in September 2008: the magnitude and scope of the crisis; the fact that only a handful of politicians and central bankers saw it coming; the rise and fall of global co-operation; the unprecedented policy response with its as yet unknown side-effects; the transformation of a private debt crisis into a sovereign debt crisis; the squeeze on living standards; and the shift in the global economy away from the developed west towards emerging markets. … [Read more...] about Lehman Brothers collapse: five years on, we’re still feeling the shockwaves
“The myth is that the long-haul truck driver is the cultural evolution of the free-range cowboy from the 19th century,” says Murphy. “In fact, trucking is one of the most regulated industries in the United States. Every move the trucker makes is tracked by a computer. We have logs we need to keep every time we stop, pull over, take a leak. The truck’s speed, braking, acceleration is all recorded. This is not a cowboy on the open range. This is more like 1984 than 1894.” … [Read more...] about End of the road: will automation put an end to the American trucker?