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Wall Street claims immunity from the mounting trade war, while commodities are hammered
via abc.net.auIt's a case of "crisis, what crisis?" for equity traders, while in the engine room of global trade, the commodity desks, things are getting ugly. -
Liverpool community launderette honours the Saint of the Slums
via theguardian.comCity co-op pays homage to Kitty Wilkinson, who opened the UK’s first public washhouseShe is the only woman whose achievements are deemed worthy of a statue in Liverpool’s St George’s Hall. Her sleeves are rolled up, she is ready to get her hands dirty – while the men around her are captured in their pomp, ready to preach a sermon or deliver a speech to parliament.Now Kitty Wilkinson, the Irish inventor of the public washhouse, is to be honoured again in her adopted h -
Ten years on, how countries that crashed are faring
via theguardian.comA decade of austerity has had a lasting legacy for eurozone members Ireland, Portugal, Greece and SpainThree years after it was saved from bankruptcy in 2010 with a €67.5bn rescue loan, Ireland became the first stricken eurozone state to stand on its own two feet. Continue reading... -
Tourists and tech bring resilient Iceland back from the brink
via theguardian.comWhen the country lets its banks go bust 10 years ago, there seemed to be no timetable for recovery. Things have changedTen years since the financial crisis in Iceland, the noise of the computer servers mining for bitcoin on a former Nato airbase is many decibels louder than the vast turbines spinning away in the hydroelectric power plant down the road.Having come through the crisis a decade ago, Iceland is now enjoying an economic revival, with technology, renewable energy and tourism replacing -
The case for Glass-Steagall Act, the Depression-era law we need today | Ganesh Sitaraman
via theguardian.comThe case for reviving the Glass-Steagall Act has surprising support across the political spectrum. Here’s why we should listen
Eighty-five years ago this weekend, on 16 June 1933, Franklin Delano Roosevelt signed the Banking Act of 1933, better known today as the Glass-Steagall Act. Until it was formally repealed in 1999, the Glass-Steagall Act required a separation between depository banking and investment banking (and later, insurance companies). In recent years, the idea of resurrecting -
US-China trade tariffs could spell trouble for Australian miners
via abc.net.auAnalysts say the uncertainty following news of United States-China tariffs could cause issues for miners in Australia's biggest export state by stalling decisions on future big projects. -
'Make sure it's real kombucha': Brewer calls for stronger regulations
via abc.net.auOne of Australia's biggest producers of kombucha is calling for greater market regulation because some beverages are being sold with wildly inconsistent alcohol levels while others make misleading health claims. -
Welcome to Portland, the town that rides on the bluefin tuna's back
via abc.net.auTourists are lured from across the country to Portland with the promise of catching bluefin tuna, but many hold fears that a cut to quotas could result in a major hit to the town.
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