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Economics

Amazon Rainforest: Is it only the Fire that we should be concerned about?

Amazon Rainforest: Is it only the Fire that we should be concerned about?

Current Affairs, Economics, Popular
Written By: Dr. Trina BiswasDepartment of Agricultural Economics & AgribusinessLouisiana State University, Baton Rouge, Louisiana, USAIllustration: Suman ChoudhuryThe Amazon River Basin, home to the largest rainforest on earth covers roughly 40 percent of the South American continent. It encompasses areas in Brazil, Bolivia, Venezuela, Colombia, Ecuador, Peru, Guyana, Suriname, and French Guiana. Nearly two-thirds of amazon’s forest cover lies in Brazil.The Amazon rainforest has long been recognized as a warehouse of ecological services for the world. It is home to almost 10% of the world’s biodiversity and 30% of the world’s species. The rainforest is referred to as “Lungs of the Planet” and contributes greatly to local and global climate by absorbing humongous amounts of Greenhouse g
2019 World Economic Forum Annual Meeting: Tackling Climate Change

2019 World Economic Forum Annual Meeting: Tackling Climate Change

Current Affairs, Economics, Popular
Dr. Trina Biswas Louisiana, USA Photo Credit: shutterstock.com Around 3000 world leaders including 250 high ranking politicians from G20 countries and 1000 business leaders gathered in the Alpine town of Davos, Switzerland from January 22-25 for 2019 annual meeting of the World Economic Forum’s (WEF). Top leaders from different aspects of life including academics, politicians, civilians, business leaders engaged in global dialogues to shape global, industrial and regional agendas in the context of Fourth Industrial Revolution. Discussions ranged from challenges concerning income inequality to the future of education to international trade to geopolitical tensions to cybersecurity etc. Discussions regarding Climate change and environmental challenges were among the issues that dom
Viral Supermarket Advertisement May Have a Backstory in U.K.-Malaysian Politics

Viral Supermarket Advertisement May Have a Backstory in U.K.-Malaysian Politics

Current Affairs, Economics, Popular
Written By: Maria Lazgin Ciercielli Paris, France Photo: Shutterstock Iceland Foods, a U.K. supermarket chain, released a controversial Christmas advertisement in the beginning of November 2018. The title, “Say Hello to Rang-tan”, reveals the heart of the content: the fatal effects of palm oil production on orangutans in South-east Asia. Formatted as a cartoon, the advertisement features the friendship of a young girl and a baby orangutan, and it reveals the truth about the destruction that comes from palm oil production. In response to the rising deaths of orangutans, as well as the deforestation and global climate change, Iceland Foods publicizes that they will be removing palm oil from their own brand products. The controversy of this advertisement began when it was banned from te
Climate Change and Hunger: Some Facts

Climate Change and Hunger: Some Facts

Current Affairs, Economics, Popular
  Dr. Trina Biswas Lousiana, USA Photo Credit: Prem Singh After a steady decline in the number of hungry people in the last two decades, the number of people who go to sleep hungry at night is on the rise again. There were over 200 million fewer hungry people in 2015 (790.7 million) as compared to 1990-92 (991 million) largely due to Sustainable Development Goals adopted by the global community. However, according to the United Nations (FAO), the number of people suffering from chronic hunger increased in 2016. Nearly one out of nine people (or about 815 million people) were suffering from chronic undernourishment in 2016 as per the United Nations. The 2018 Global Report on Food Crises estimated that 124 million people in 51 countries are currently facing Crisis food insecurity...
The Effect of China’s Ban on Foreign-Trash Import

The Effect of China’s Ban on Foreign-Trash Import

Current Affairs, Economics, Popular
  Dr. Trina Biswas Louisiana, USA Illustration : Arghya Manna Over the last several decades the ‘Global South’ countries have been the dumping ground of toxic or hazardous wastes coming from the ‘Global North’ countries. For years China topped the list of Global South countries as the world's top destination for recyclable trash followed by countries like Ghana, India, Philippines, etc. As it is cheaper to export garbage to China and as the country has no equivalent when it comes to waste-management capacity, China has always been the top destination for foreign garbage or foreign recyclable trash. Also, China has always encouraged imports of recyclables to support the boom of its manufacturing sector. In 2016 alone, China imported more than fifty percent of globally expor
Social media under microscope in emotive Irish abortion vote

Social media under microscope in emotive Irish abortion vote

Current Affairs, Economics
  By Jill Lawless, Associated Press Image Source >> AP NewsRoom DUBLIN (AP) — In homes and pubs, on leaflets and lampposts, debate is raging in Ireland over whether to lift the country's decades-old ban on abortion. Pro-repeal banners declare: "Her choice: vote yes." Anti-abortion placards warn against a "license to kill." Online, the argument is just as charged — and more shadowy, as unregulated ads of uncertain origin battle to sway voters before Friday's referendum, which could give Irish women the right to end their pregnancies for the first time. The highly charged campaign took a twist this month when Facebook and Google moved to restrict or remove ads relating to the abortion vote. It is the latest response to global concern about social media's role in i
The Latest: US-China inject note of caution post-trade truce

The Latest: US-China inject note of caution post-trade truce

Economics
  Image Source >> AP NewsRoom Associated Press The Trump administration and China are injecting a note of caution after declaring a temporary truce on trade. U.S. Treasury Security Steven Mnuchin said Monday on CNBC that President Donald Trump is reserving the right to reimpose tariffs against Chinese goods if the two countries can't agree on specifics to bring down the massive trade deficit with Beijing. China's government also said Monday it cannot guarantee trade tensions with Washington can be permanently avoided. In a joint statement issued Saturday, Beijing agreed with the U.S. to "substantially reduce" America's trade deficit with China, but it did not commit to a specific amount. Mnuchin says that the joint statement amounted to a suspension of tar...
Migrant Remittances A Big Business In Cash-Starved Venezuela

Migrant Remittances A Big Business In Cash-Starved Venezuela

Economics
Video Source >>  Associated Press || 16:9 || Storyline: The giant metal pots in the kitchen of a drab Bogota cafeteria are filled with simple dishes like vegetable rice. But Edgary Granadillo's delicate arrangement of the plates he sets before rushed lunchtime office workers hints at the finer dishes he once served. The former executive chef at a beach resort in Venezuela once commanded a staff of 65 cooks and made regular appearances on television cooking shows. Now he is laboring for $10 a day, with one sole aim: to send money back home. The wages aren't enough, says Granadillo, 30, his somber eyes keeping a careful eye on a bubbling saucepan of fish head soup. "People need to rely on a Venezuelan outside the country, who can send something, in order to survive,"
Jaguar I-PACE eTROPHY will be the official support series to ABB FIA Formula E Championship

Jaguar I-PACE eTROPHY will be the official support series to ABB FIA Formula E Championship

Economics
UNDER STRICT EMBARGO 19TH MAY 2018 18:00 CET (17:00 BST) JAGUAR RACING GIVES GLOBAL DEBUT TO I-PACE ETROPHY RACECAR IN BERLIN Jaguar I-PACE eTROPHY will be the official support series to ABB FIA Formula E Championship B-Roll footage and online video packages: Footage will be available via APTN's Media Port & Video Hub, as well as to download via the following GMC link: https://www.globalmediacentre.com/news/jaguar-racing-gives-global-debut-i-pace-etrophy-racecar-berlin The anticipated shot list will be as follows: •GVs I-PACE eTROPHY on track •GVs Race Footage from E-Prix in Berlin •IV Dr Ralf Speth, CEO, Jaguar Land Rover •IV Alejandro Agag, Founder & CEO of Formula E •IV Gerd Mäuser, Chairman of Jaguar Racing •IV James Barclay, Panasonic Jagua
Ryanair boss comments as airline reports record results, despite mass cancellations

Ryanair boss comments as airline reports record results, despite mass cancellations

Economics
London - 21 May 2018 1. SOUNDBITE (English) Michael O'Leary, Ryanair Chief Executive: "There were three days of pilot disruption in December. It wasn't even supported by our German pilots. The good news this morning is we were reporting 10 percent growth in profits, in a year when fares fell by 3 percent. So last year we cut our airfares by 3 percent, we reduced our baggage charges, we carried 9 percent more passengers and the profits are up. And we hope that will continue into next year. When a lot of our airline competitors are predicting their fares will rise, we think they be flat, we plan to keep fares down and keep people flying at lower than ever fares." ++BLACK FRAMES++ 2. SOUNDBITE (English) Michael O'Leary, Ryanair Chief Executive: "We got a letter from the Irish...

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