Enodo’s Nigel Inkster, who is a former deputy director of MI6, says in his new book, The Great Decoupling: China, America and the Struggle for Technological Supremacy, that the party-state could kill the golden goose of private enterprise – and the innovation that will drive incomes up and carbon emissions down – in its demand for control. … [Read more...] about New Covid infections pose challenge to China’s growth and Xi’s leadership
D economic growth and innovation
The truth is, there is no milestone you reach as an innovator where “you’ve made it.” Where everything you create, from this moment forward, is guaranteed to be successful. Innovation, and the act of creating anything new in society, is a discovery process that takes hard work. And for every day or hour you spend enjoying how far you’ve come, you’ll have to experience hundreds of challenging hours where you question whether you’re moving in the right direction at all. … [Read more...] about 6 habits of the most innovative people
Additionally, the murky legacy of the 2015-16 recession is still explicitly present in the Brazilian economy. Roughly 25 percent of the nation's workforce are either jobless or under-employed, while wages are dismal across a wide variety of occupations. Brazil's manufacturing sector is reeling amid the negative effects of international trade tensions. Brazil is one of the world's largest producers of aluminium, but the global market is facing overcapacity, with many countries imposing protectionist tariffs, reducing their trade in this metal. Brazil's retail sales have been dismal this year as well due to the stagnant disposable incomes of the majority of households. … [Read more...] about Brazilian Economy Faces Threat of Recession Amid Political Tensions
Office for National Statistics data showed the UK economy grew by just 2.1 per cent in August, much lower than analysts had predicted and far below the 6.4 per cent expansion recored in July. Rishi Sunak will today announce a new local furlough scheme which is expected to pay two thirds of the wages of employees who are unable to work because of lockdowns. The number of people catching coronavirus every day in England more than doubled in the last week of September to a staggering 17,400, the ONS said. Shadow chancellor Anneliese Dodds claimed the Chancellor's Jobs Support Scheme is 'forcing businesses to flip a coin over who stays and who goes' because it is cheaper to employ one worker than two to do the same hours. Mr Zahawi confirmed evidence presented to MPs showed 30 per cent of coronavirus infections are coming through hospitality. Former Tory Treasury minister Lord O'Neill called for 'true devolution' to improve the coronavirus response … [Read more...] about What could possibly go wrong! Ministers could use an ALGORITHM to decide which vulnerable people in coronavirus hotspots have to stay at home and ‘shield indefinitely’ as the Government claims spread of coronavirus is ‘getting out of control’
Regarding Suhas’s point, while it is true that the criticisms about coalitions not lasting their terms is not borne out by evidence, coalitions of convenience tend not to have coherent policy agendas and tend to be divided from within. Whether they can frame policies and whether they can manage to put up a working Cabinet are two separate but important issues that matter to a working coalition. Coalition governments can get a lot of things done, and when they do that, they stick together too. But at the same time, coalitions of convenience tend to more likely be corrupt and spend more money than those that are ideological because everyone has got a hand in the pot. … [Read more...] about Is coalition government worse than single-party rule?