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Nothing in economic development is certain, but China's economy has probably already peaked in size as a proportion of the global economy, reaching the peak in 2021. China now faces a structural economic slowdown as the financial system constrains economic growth rather than facilitating it. These economic pressures are directly linked to the end of an unprecedented credit and investment expansion during the previous decade. The resulting credit crunch has produced a collapse in property investment and slower local government infrastructure investment. Moreover, GDP growth has almost certainly been overstated in the official data both in both 2022 and 2023. The costs of years of low-return investments now prevent Beijing from redirecting the financial system, making it difficult to unleash improvements in efficiency or "new quality productive forces." However, nothing about Beijing's behavior in response to this structural slowdown is inevitable, as China's leaders can adjust their economic objectives and potentially ease tensions with the rest of the world by publicly acknowledging a slower growth trajectory. [ABSTRACT FROM AUTHOR]

The article provides an overview of the Russian Civil War and the economic policies implemented during and after the war. It discusses the implementation of War Communism by the Bolsheviks, which resulted in shortages and disruptions in public services. After the war, the New Economic Policy (NEP) allowed for more free trade and private ownership of land, leading to increased agricultural production and the emergence of a wealthy bourgeois class. However, NEP also caused an imbalanced economy and inflation. The article also mentions the introduction of the chervonetz, a gold coin, during this time, and discusses three coins designed by Vasily Vasyutinsky that promoted industrialization and the transition to an industrial society. These coins represent a unique period of creative propaganda artistry in Soviet coinage. [Extracted from the article]

The article focuses on the positive trajectory of China's economy, highlighting its resilience and achievements despite global challenges. Topics discussed include China's economic performance indicators, its response to external pressures, and its commitment to high-quality development through innovation and open-door policies.

Mark Boyle, also known as the Moneyless Man, is an Irish writer who has conducted various experiments to reject the dominant economic system and lifestyle of the 21st century. He lived without money for several years, documented in his book "The Moneyless Man: A Year of Freeconomic Living." Boyle also pledged to live without most modern technology, including computers and phones, and documented his experiences in the book "The Way Home: Tales from a Life without Technology." He has established a community called An Teach Saor, where likeminded individuals can explore a new way of life. Boyle's lifestyle choices have garnered media attention and he continues to live without technology as of late 2023. [Extracted from the article]

In this article, we analyze the conditions for the structural stability of a fractional order IS-LM-AS dynamic model with adaptive expectations. It is a generalization of our previous research lately published in the literature. We also present the conditions that the structural parameters of the model must meet for the economic system to present a periodic movement when the critical value of the fractional order of the system, q * , guarantees the presence of a Hopf bifurcation of degenerate type. The theoretical analysis is complemented with numerical simulations of the phase portraits in R 3 and of the temporal trajectories of the solutions of the model in MATLAB software. Finally, it is important to highlight that unlike the results of our previous research, the qualitative results found in this paper show that all the structural parameters of the model are essential in determining its global asymptotic stability and Hopf bifurcation. • A fractional economic model generalizes an integer-order model recently reported. • The memory effect in numerical simulations of economic systems is analyzed. • The fractional order when a Hopf bifurcation occurs is determined. • All the parameters of the model are essential in determining its global stability. [ABSTRACT FROM AUTHOR]

The document titled "Condition of the Texas State Banking System" provides an overview of the economic reports and forecasts for the United States in February 2024. The report highlights the market value of U.S. government debt and its relation to GDP. It also includes data on inflation rates, employment rates, consumer price index, and other economic indicators. Overall, the report suggests that economic activity in Texas and the United States has been modestly growing, with expectations for stronger demand and less restrictive financial conditions in the future. [Extracted from the article]

The article provides an economic report on the state of Texas in February 2024. The Texas economy is experiencing healthy growth, gradually returning to a more normal pace after the pandemic. Job growth has slowed, particularly in the manufacturing sector, while the service sector has shown more resilience. Labor market tightness is improving, with fewer firms reporting labor shortages and more reporting an improvement in the availability of applicants and the ability to retain workers. Texas firms expect wage and cost pressures to ease in 2024. Overall, Texas is expected to continue experiencing growth, although there are some concerns about inflation and geopolitical risks. [Extracted from the article]

Caretaker Energy Minister Mohammed Ali spoke at the Karachi Literature Festival, advocating for reduced government involvement in businesses in Pakistan. He argued that the government's control over industries hinders self-reliance and proposed a separation between government regulation and economic activity. Other panelists at the festival also discussed the underutilization of Pakistan's youth population, the need for investment in education and technology, and reforms in foreign policy to improve economic ties. Solutions were proposed for energy issues and leveraging Pakistan's agricultural potential for youth employment and food security. [Extracted from the article]

The second phase of the China-Pakistan Economic Corridor (CPEC) faces specific challenges, according to an article in Energy Update. One challenge is the delay in establishing Special Economic Zones (SEZs) for industrial cooperation, with only one zone currently partially functional. There is also confusion regarding the functioning modalities of the SEZs, and Pakistan lacks a plan to create inward and outward linkages with potential investors. On the agricultural side, China has offered Pakistan opportunities for collaboration in various sectors, including modernizing agricultural production and accessing China's growing food market. Additionally, Pakistan can explore opportunities in the Belt and Road Initiative, e-commerce, and the Gulf region. The article concludes by emphasizing the need for Pakistan to define the role of state-owned enterprises and learn from different models of economic security. [Extracted from the article]

The article discusses the issue of CEO pay rises in Australia and its impact on the cost of living and societal well-being. It highlights the historical context of fair wages and the minimum wage system in Australia, as well as the changing economic environment. The article argues that corporate Australia has gained excessive power and influence, prioritizing shareholder interests over societal norms and expectations. It criticizes the significant pay increases for CEOs compared to the minimal wage increases for workers, emphasizing the correlation between market power and higher CEO wages. The article calls for government action to address the underlying causes of the cost-of-living crisis and the lack of effective competition policy. [Extracted from the article]

The article titled "HOW TO END ECO-APARTHEID: DISRUPT, ABOLISH, AND REPAIR" explores the need to dismantle political and economic systems that contribute to ecological destruction and maintain the status quo. It discusses the connection between climate change and issues of justice, inequality, and oppression, using the example of eco-apartheid in Palestine. The article advocates for a just ecological transition that rejects greenwashing and capitalist exploitation, and instead focuses on degrowth, international solidarity, and intersectional approaches to climate justice. It emphasizes the importance of addressing colonial plunder, systemic racism, and the unequal distribution of the impacts of climate change. The Energy Democracy Declaration, released in Chile in September 2023, proposes a strategy of public ownership to ensure energy access as a human right and to challenge private control. Reparations should aim to transform nature-society relationships and restore diverse ecologies, and examples of degrowth and reparation ecologies can be found in various communities worldwide. Abolition ecology, rooted in liberation from oppressive structures, views the environment as a place of freedom and offers an alternative to apartheid and systemic incarceration. Climate justice requires addressing environmental breakdown as a collective struggle for liberation. [Extracted from the article]

B Lab, an organization that supports B Corporation certification, aims to create a more stable economic system that benefits entrepreneurs and shareholders by adopting new rules for management. B Corps, or benefit corporations, are companies that meet certain accountability and transparency standards and consider the interests of all stakeholders in decision-making. B Corp certification offers certainty for investors and there are currently 610 B Corps in Australia. The movement began in 2005 and has gained traction globally, with over 7,300 B Corps operating in 90 countries. [Extracted from the article]

The Volga River constitutes the primary component of the Unified Deep-Water System (UDWS) of European Russia, which connects the Caspian Sea and the Sea of Azov. Following the Russian invasion of Ukraine, the significance of the Volga River in this waterway shifted. Concurrently, the efforts of states bordering the Caspian Sea to expand their trade routes increased. In this article, we analyze the role of the Volga River in transporting grain and other goods for export via Black Sea and Caspian Sea ports; military uses of the waterways; and the implications of the ongoing war in Ukraine for Russia's short- and medium-term river transport. We further evaluate the climatic risks posed to the Volga River and Caspian Sea as a result of anthropogenic global climate change, which has the potential to limit transportation via the Volga River. The overall goal of the article is to understand the strategic significance of the Volga River system for Russian commerce, logistics, and security. [ABSTRACT FROM AUTHOR]

RETIREMENT RETIREMENT MANY older Americans dream about traveling in retirement, but a growing number of intrepid retirees are taking their wanderlust to another level. Italy offers a similar elective residency visa, also known as a retirement visa, if you have retirement income of at least €32,000 a year (about $34,880), a valid passport, and proof that you have health insurance and a place to live. As a result, while withdrawals from Roth IRAs are tax-free in the U.S. as long as you're 59½ or older and have owned an account for at least five years, not all countries recognize that exclusion, he says. Portugal, which has become a haven for expats from around the world, provides a one-year residency visa to retirees from outside the European Union who have retirement income of at least €760 a month (about $828) and proof of a place to live. [Extracted from the article]

The article titled "BLACK FRIDAY JAM (DARE YOU TO DO THIS)" discusses various issues related to capitalism, consumerism, and the global economy. It highlights the need for cultural jamming and protests against the negative impacts of Black Friday and ultra-processed food. The article also criticizes the role of rogue corporations, sweatshop labor, and the financial industry in exacerbating social and environmental problems. It suggests that money itself has become a virus within the global economy, leading to dehumanization, inequality, and speculative bubbles. The article calls for renewed activism, including Occupy Wall Street-style protests, to challenge and transform the current economic system. [Extracted from the article]

The article discusses the hyperinflation that plagued Germany in 1923, resulting from years of printing excessive amounts of paper money. This hyperinflation devastated the German economy, and by December 1923, it took 4.2 trillion German marks to equal one American dollar. The hyperinflation had catastrophic effects, leading to the rise of Adolf Hitler and the Nazis, emphasizing the perils of inflationary financial policies.

The article critiques capitalism for its failure to address pressing ecological and social crises, such as climate breakdown and widespread deprivation. It argues that capitalism's antidemocratic nature results in resource allocation that prioritizes profit over essential needs and technologies, leading to perverse production outcomes. By contrasting this with the potential of a postcapitalist society.

BOOK REVIEW Milton Friedman: The Last Conservative, by Jennifer Burns (Farrar, Straus and Giroux, 592 pp., $35) Though standing around five feet tall, Milton Friedman was a giant among economists in the 20th century. Friedman earned the highest recognitions an economist can receive: the John Bates Clark Medal, the presidency of the American Economic Association, and the Nobel Prize in Economic Sciences. Burns does not shy away from highlighting blind spots from which Friedman may have suffered, which included his penchant for viewing economic-policy advice as medicine and economists as analogous to Doctors without Borders. [Extracted from the article]

The article focuses on the intertwined ecological and social crises of the twenty-first century, emphasizing the need to address both simultaneously. It argues that capitalism, driven by profit maximization, exacerbates these crises and proposes a shift towards democratic ecosocialism, which prioritizes well-being, ecological sustainability, and equitable distribution of resources through measures like expanding universal public services, establishing ambitious public works programs.

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The consumption of natural resources has dramatically increased over the last 50 years and is expected to continue to rise. Also, environmental and geopolitical issues expose the economic system to uncertainty and risk. We claim that the circular economy approach is a potential solution that enables multinational enterprises to enhance their resilience by reducing the reliance on raw materials and the fragility of the supply chain, improving efficiency, and generating new revenue streams. This, in turn, affects the global value chains and the economic system. Lastly, we outline the role of all global economic actors in the circular transformation. [ABSTRACT FROM AUTHOR]

The article focuses on navigating today's seductive and destructive language by examining the study of package-deals and anti-concepts, emphasizing the importance of clear understanding and precise usage of terms such as democracy, equality, power, rights, capitalism, sacrifice, social justice and secularism to promote rational thinking, protect individual rights and preserve freedom and flourishing.

The article focuses on the differences between Adam Smith and Ayn Rand, two influential pro-capitalist thinkers. While Smith and Rand are often associated with similar views on capitalism, this article explores their contrasting perspectives on ethics, human progress, government, economics, industriousness and morality, shedding light on their respective contributions to the promotion of freedom and flourishing.

Italy’s post-war economic boom saw sociologists, politicians and economists calling for a close link between the country’s economic and production system and its education system. This article describes the projects and schemes developed, largely in the sphere of vocational training. It also recalls how education theorists insisted on the need to ensure that occupational training did not neglect to provide a proper education in all domains of young students’ personality, and recommended that this be delivered by the school system. [ABSTRACT FROM AUTHOR]

The author describes holistic approaches of artists to combat capitalism's extraction/exploitation-based economic system. She discusses Pauliina Feodoroff's redeployment of the tools of capitalism by securing land and regenerating its habitats, as well as the ecological commitments of the Het Nieuwe Instituut in the Netherlands. Focus is given on the work of TJ Shin questioning the drive survival and the research by Xavi L. Aguirre aimed at breaking the cycle of production and consumption.

The article focuses on the historical development of the United Nation's Food and Agriculture Organization (FAO) and its mission to support decolonizing nations in maintaining control over their land, highlighting the role of land redistribution movements, peasant struggles and the FAO's unique international mandate to center land as a resource for global welfare, in contrast to dominant economic ideologies like capitalism.

The article focuses on reimagining capitalism, specifically ways in which it can be made more authentic, accessible, and accountable. The author discusses the capitalist system with billionaires Bill Gates, Jeff Bezos, and Warren Buffett, explores why socialism is becoming more popular, and examines the economic conditions in the United States of March 2019.

In the article "A misdiagnosis of poverty: The U.S. economic system is not what ails the poor," the author discusses Rev. Dr. William J. Barber II's book, "White Poverty," which argues that the American economic system has always been stacked against the poor, including the white poor. Barber claims that wealthy Americans use racial divisions to prevent poor Americans from uniting to change the unjust economic system. While Barber's emphasis on poverty not being exclusive to black Americans is valid, the article suggests that poor immigrant families in America are often more upwardly mobile than American-born poor families. The article concludes that misdiagnosing the problem of poverty will hinder its solution. [Extracted from the article]

The article reviews two books, "Climate Capitalism" by Akshat Rathi and "The Price is Wrong" by Brett Christophers, which offer different perspectives on addressing the current crises of climate change, inequality, and biodiversity loss. Rathi argues that it is possible to achieve a global transition to net zero emissions within the existing capitalist system through government leadership, responsible business practices, and technological innovation. Christophers, on the other hand, contends that the market will never solve the climate crisis and advocates for taking the energy sector out of private hands. The article concludes that while reform within the existing paradigm is necessary in the short term, deeper dialogue and imagining are also needed to create a more sustainable future. [Extracted from the article]

The article argues on ideals of fairness and freedom as a part of contemporary America's public morality. Topics discussed include pleasures of giving and of exercising one's faculties in a market economy, extent and intensity of competition in a mature capitalist society and distribution of income and individual inheritance of wealth.

Low- and middle-income countries worldwide share the common challenge of achieving sustainable economic development while reducing greenhouse gas (GHG) emissions. This challenge is complex due to the interconnectedness of economic activities, where policies targeting one industry can have ripple effects on others. Therefore, it is crucial to understand integrated GHG emissions and their relationships across industries within an economy to inform effective policy formulation. Kenya, as a middle-income country experiencing rapid economic growth, faces an urgent need to address this challenge. This study analyzes the economic relationships between agricultural production, the food industry, and other sectors of the economy in Kenya to identify key drivers of national GHG emissions from the food system. To accomplish this, an environmentally extended input-output (EEIO) table is employed to calculate both direct and indirect emissions for 38 activities of Kenya's economy, as well as emissions embodied in final goods. Direct emissions refer to those generated during the production process of an activity, while indirect emissions are produced by other activities that provide inputs to the activity of interest. The findings reveal that agriculture is the largest contributor to GHG emissions in Kenya, with the majority of emissions stemming from direct sources such as enteric fermentation and manure management in livestock production. Additionally, the study finds that total emission intensity in the manufacturing sector is considerably higher than in most agricultural activities, except for livestock production, primarily due to the significant level of indirect emissions associated with manufacturing processes. Within the agricultural sector, cereals and livestock production exhibit high levels of direct emissions, while export crops like coffee and tea, as well as vegetable cultivation, show relatively higher indirect emissions. Addressing GHG emissions from the livestock sector emerges as a crucial step in significantly reducing agricultural emissions in Kenya. The dairy sub-sector presents an opportunity for intensification and technological advancements, as climate-smart technologies have already demonstrated their potential to enhance productivity while reducing emissions. Conversely, mitigating GHG emissions in beef production, which is primarily concentrated in ecologically fragile areas, will require institutional innovations focusing on rangeland management, disease control, and scaling up livestock marketing efforts. While the intensification of dairy production can contribute to agricultural growth and development in Kenya, its impact on mitigating GHG emissions is expected to be limited at the national scale. [ABSTRACT FROM AUTHOR]

The article focuses on the consequences of Russia's invasion of Ukraine on various aspects, including food security, supply chains, energy security, and international political alignments. It is reported that the invasion has led to increased food insecurity, and has a significant effect on steel production, renewable energy transition, automotive emission targets, and lithium prices. It is further mentions the ongoing financial crisis and its impact on the global economy.

The article presents the discussion on shifting the approach in decision-making while investing in resilient infrastructure. Topics include natural disasters creating short term failures in transportation, energy delivery, and communications networks; and critical infrastructure such as hospitals, roads, bridges, energy, and water.

A study conducted by Simon Kuznets Kharkiv National University of Economics explores the economic conditions necessary for the development of the "economy of impressions" in countries around the world, including Ukraine. The research finds that developed countries have more favorable conditions for the economy of impressions, which involves competition between producers and the formation of positive impressions to influence consumer decisions. In Ukraine, the socioeconomic situation before the war was conducive to the economy of impressions, but the ongoing conflict has worsened the situation. Therefore, the study suggests that post-war recovery efforts should prioritize the development of the economy of impressions to improve economic and social relations and enhance the quality of life for the population. [Extracted from the article]

A report co-authored by the sovereign wealth fund of Singapore, GIC Pte, and S&P Global warns that the real estate industry could face over $500 billion in costs from climate change by 2050. The report analyzed the potential impact of climate hazards on more than 50,000 real estate assets held by companies in the S&P Global REIT Index. Without investments in adaptation infrastructure, these properties could face $110 billion in excess costs by the end of the decade, rising to $559 billion or 28% of the asset value of the index by 2050. The report emphasizes that while these costs may not directly translate into valuation loss, they can have broader economic impacts. The report also highlights the need for investing in adaptation measures, which could reduce the cost of climate risks on properties by $45 billion by 2050. [Extracted from the article]

Howard Lutnick, CEO of Cantor Fitzgerald LP, is planning to compete with CME Group Inc. in Treasury futures and has gained support from major US banks. This move has drawn attention from Democratic Senator Dick Durbin, who expressed concerns about the potential risks of clearing US Treasury futures abroad. The debate centers on whether FMX, Lutnick's new exchange, should be allowed to partner with UK-based clearinghouse LCH Ltd. to clear Treasury futures. The battle for control of the Treasury markets has intensified with the Securities and Exchange Commission implementing new rules for centrally clearing cash trading. FMX is also challenging CME's position in US Treasury futures and US interest-rate futures, with its SOFR contract set to start trading soon. FMX argues that having all deals under the same clearinghouse will provide capital savings for clients. CME CEO Terry Duffy has questioned whether FMX should be allowed to clear Treasury futures overseas. Piper Sandler believes that if FMX is blocked from using LCH as a clearing partner, it would likely fail in interest-rate futures. Durbin warned that foreign regulators may prioritize their home countries' interests, potentially impacting US Treasury market volatility and liquidity. LCH already handles a significant portion of cleared US dollar interest-rate swaps. Some experts argue that increased competition in the Treasury market would be beneficial. [Extracted from the article]

Sakana AI, an artificial intelligence startup backed by Nvidia Corp., has reached a valuation of $1.5 billion just over a year after its launch. The company has received significant investments from major Japanese banks and companies, as Japan aims to catch up to the US and China in AI. Sakana AI focuses on using a large number of small models that work together, which is appealing to resource-poor Japan. The Tokyo-based company was founded by former Google researchers and aims to address pressing issues and challenges facing Japanese industry and society through AI technology. [Extracted from the article]

Zimbabwe's informal sector is often seen as both a lifeline for millions and a challenge to the formal economy. It provides crucial employment opportunities and helps alleviate poverty, especially in urban areas where formal jobs are scarce. The sector also plays a central role in the movement of goods and services, ensuring that essential products remain available and accessible, even during economic challenges. However, the informal sector's contributions to national income and tax revenues are limited, and wages are often lower than in the formal sector, leading to inequality and vulnerability for workers. Despite these drawbacks, the informal sector is not inherently destructive and should be integrated into the formal economy through simplified tax regimes, access to credit, and business training. Education and skills training for informal workers can also help bridge the wage gap. With thoughtful policy interventions, the informal sector can continue to alleviate poverty and contribute to national development goals. [Extracted from the article]

According to a Commerzbank AG strategist, Donald Trump's plan to enforce dollar dominance in global trade could potentially backfire and weaken the US currency. The strategist warns that if Trump follows through on his threat to impose 100% tariffs on countries that do not use the dollar, it could lead to economic disruption and incentivize countries to move away from the dollar, which would weaken its safe-haven status. However, it is important to note that campaign promises do not always materialize, and there are differing opinions among market watchers on the impact of Trump's policies on the dollar. [Extracted from the article]