Category Archives: Commodities & Cost of Living

A Conservative Alternative to Austerity Economics


… the basic idea could hardly be simpler. The growth figures that dominate the headlines are of “real” gross domestic product, which means they are corrected for inflation. With nominal GDP they are uncorrected. The idea of targeting nominal GDP … Continue reading

Posted in Austerity / Cutbacks, Budget, Commodities & Cost of Living, Economy, EU, Fiscal Compact Treaty, Germany, Solutions | Tagged , , | Leave a comment

Euro-spawned divergent growth and inflation caused external payments imbalances


Euro-spawned divergent growth and inflation caused external payments imbalances. Government profligacy did not divide ‘saints’ from ‘sinners’. In the good years Germany was a near-sinner. Its budget deficit exceeded the Eurozone average and was a whisker below the 3% Maastricht … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, Budget, Commodities & Cost of Living, Economy, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Germany, ireland, Referendum | Tagged , , , | Leave a comment

Lombard Street: “structure of the euro worsened divergences naturally arising from the differences between countries”


The structure of the euro worsened divergences naturally arising from the differences between the countries. The Dutch and Germans felt poorer than they actually were, the Spanish richer – and the low interest rates that were perceived as a benefit … Continue reading

Posted in Commodities & Cost of Living, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Housing Bubble, ireland, Leo Varadkar versus the World, Spain | Tagged , , , , , , | Leave a comment

“Everyone qualified to explain what happened complicit in pushing this… would give the rope to hang commentariat”


From Phillip Pilkington, writing at NakedCapitalism: “almost every single person in Ireland today qualified to explain what happened was complicit in pushing this economic ideology. And so to explain to the Irish people what actually happened would be to give … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, Budget, Commodities & Cost of Living, ECB/IMF, Economy, EU, Housing Bubble, Ideology, ireland | Tagged , , , , , , , , , | Leave a comment

“Peak oil is now” – EnergyWatchGroup.com report


From EnergyWatchGroup.com – Crude Oil; The Supply Outlook [PDF]: Understanding the future of oil Only oil that has been found before can be produced. Therefore, the peak of discoveries which took place a long time ago in the 1960s, will … Continue reading

Posted in Commodities & Cost of Living, Economy, Energy / Natural Resources, Energy: Oil, Geopolitics, Germany, Natural Resources | Tagged , , , , , , , | Leave a comment

The Anti-Empire Report: Libya and the world we live in (William Blum)


“Why are you attacking us? Why are you killing our children? Why are you destroying our infrastructure?” – Television address by Libyan Leader Muammar Gaddafi, April 30, 2011 A few hours later NATO hit a target in Tripoli, killing Gaddafi’s … Continue reading

Posted in Africa, Commodities & Cost of Living, Energy / Natural Resources, Energy: Oil, EU, France, Geopolitics, Ideology, imperial, Independence/Nationalism, Intelligence / Securocrats, Iraq, libya, NATO, Natural Resources, USA / America | Tagged , , , , | Leave a comment

Irish Economic Pravda latest: Fire in downtown Moscow makes way for glorious new tractor factory!


Ok. How do we square this: Irish Times / Vines & Watson – Markets are making the wrong call on Ireland’s debt; Constantin Gurdiev – 23/08/2011: Trade Figures for June – an awesome performance by the sector; With this… … … Continue reading

Posted in Accountability, Agriculture, Austerity / Cutbacks, Bankers' Bailout, Budget, Commodities & Cost of Living, ECB/IMF, Economy, EU, Food, Geopolitics, Housing Bubble, ireland | Tagged , , , , , , | Leave a comment

Libya


Joseph Fitznakis / IntelNews.org – Western spies, security contractors, won Libyan war for rebels: As I write these lines, celebratory gunfire is being heard all across Tripoli and the rebel National Transitional Council is appointing civilians to replace the crumbling … Continue reading

Posted in Breaking News, Commodities & Cost of Living, Economy, Energy / Natural Resources, Energy: Oil, EU, Geopolitics, Irish America, Israel / Palestine, libya, NATO, USA / America, War & Peace | Tagged , , , , | Leave a comment

Deadline August 2013: social unrest will sweep planet if food price trend not reversed – Physics ArXiv Blog


Two links via John Robb / Global Guerillas; Physics ArXiv blog – The Cause Of Riots And The Price of Food If we don’t reverse the current trend in food prices, we’ve got until August 2013 before social unrest sweeps … Continue reading

Posted in Accountability, Agriculture, Budget, Commodities & Cost of Living, Economy, Energy / Natural Resources, Energy: Oil, Natural Resources, Social Welfare, War & Peace | Tagged , , , | Leave a comment

UPDATE – The Rain Stopped Play; London Riots – “we’re at the start of something, not the end” (Irish Central); Global Civil Unrest


Irish Central – What’s behind the London riots? – VIDEOS: Britain… just had the coldest July for 50 years. Like Ireland, the ordinary working class folk there are settling in to a hard diet of austerity, rising taxes and biting … Continue reading

Posted in Audio/Video, Budget, Civil Disobedience, Commodities & Cost of Living, Economy, EU, Gardaí / Police, Geopolitics, History, Ideology, Social Services, Social Welfare, War & Peace, Youth | Tagged , , , , , , , , , , , , , , | Leave a comment

Update: The Panic of 2011


EUObserver.com – World markets plunge amid worsening euro-crisis; Reuters – Emerging world buys $10 bln in gold as West wobbles; Bloomberg – Emerging Stocks Enter Correction as Argentina, Brazil Lead Global Plunge; Reuters – Wall Street suffers worst selloff in … Continue reading

Posted in Bankers' Bailout, Breaking News, Budget, Commodities & Cost of Living, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Geopolitics, Leo Varadkar versus the World | Tagged , , , , , , , | Leave a comment

SIPTU call for moratorium on oil & gas licenses until Oireachtas review complete, step in right direction (Guest Post)


A moratorium should be placed on the issuing of oil and gas exploration licences until the completion of a promised Oireachtas review of the licensing system, a wide-ranging and very informative SIPTU report on the development of Ireland’s hydrocarbon resources … Continue reading

Posted in Accountability, Commodities & Cost of Living, Economy, Energy / Natural Resources, Energy: Oil, Independence/Nationalism, ireland, Solutions | Tagged , , , , | Leave a comment

Energy: Oil, Agriculture, Food, Commodities & Cost of Living (13)


PlanetArk – Analysis: Wood Fuel Poised To Be Next Global Commodity; MSNBC.com – Drought in US, EU stressing crops, farmers; U.S. wheat prices are on their way to their biggest weekly gain; Financial Times blog, “Beyond BRICS” – Locusts: looming … Continue reading

Posted in Agriculture, Budget, Commodities & Cost of Living, Economy, Energy / Natural Resources, Energy: Oil, Environment, Food, Geopolitics | Tagged , , , | Leave a comment

Energy: Oil, Agriculture, Food, Commodities & Cost of Living (11)


Commodity Online – The end of cheap energy is here: IEA: The International Energy Agency warned that it won’t be easy to reverse the rise in energy prices because it’s getting harder to access and exploit conventional resources. “The age … Continue reading

Posted in Agriculture, Commodities & Cost of Living, Energy / Natural Resources, Energy: Oil, Food, Geopolitics | Tagged , , , | Leave a comment

IMF: “higher food prices significantly increase the incidence of civil conflict” – Energy: Oil, Agriculture, Food, Commodities & Cost of Living (10)


Stock & Land (Australia) – Global irrigated food, fibre commods hit record highs Reuters (Africa) – Grains Week Ahead – Big appetite for corn needs curbing Wall Street Journal – World Bank Shifts Focus to Security in Poor Nations ArabianBusiness.com … Continue reading

Posted in Agriculture, Budget, Commodities & Cost of Living, Economy, Energy / Natural Resources, Food, War & Peace | Leave a comment