Abenomics

This Radical Plan to Fund the ‘Green New Deal’ Just Might Work

With what Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by newly-elected Rep. Alexandria Ocasio-Cortez (D-NY) appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop. It would give a House Select Committee “a mandate that connects the dots between energy, […]

The great Japanese bounce-back?

There are fears that the standoff between North Korea and the US could rattle Asian markets and derail Japan’s revitalized economy [Xinhua]
If Japanese Prime Minister Shinzo Abe is feeling smug about economic policy right now, he’s got the figures to back him up.
Second quarter GDP growth jumped a full 1.0 per cent in Q2 of the year to reach an annualized 4 per cent, a coup for his policies of raising value added taxes to boost income and stimulate the market.
The latest data beat forecasts of a gain of 0.6 per cent in Q2.