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By SIMON CONSTABLE
Britain’s new Prime Minister, Rishi Sunak, reinstated the country’s ban on hydraulic fracturing (a.k.a. fracking) on Wednesday. That means no UK fracking for oil and gas.
It’s not surprising, given that most British people likely don’t know they are already consuming literal boatloads of fracked natural gas from the U.S.
Yet here we are with Britain thinking it's doing the environmentally suitable thing by not fracking and at the same time benefiting from the fruits of this energy extraction technique. Read more here.
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Budding entrepreneurs and corporate executives would do well to learn something from what just happened. Read more here.
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Orange juice prices seemed to have reached nosebleed levels.
But if you can hold on a little while, there may be some relief in sight, experts say. Read more here.
By SIMON CONSTABLE
Chinese premier Xi Jinping might have cemented his power in China, but dreams of dominating the global economy could soon come to a screeching halt. Read more here.
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The Fed has a hard job ahead fighting inflation.
But its recent series of interest rate hikes have delivered a substantial increase in the cost of living for more than a few Americans. That’s at odds with the institution’s stated goals. Read more here.
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There’s a been a lot of scaremongering about Russia and its threats to turn off Europe’s energy supply this winter by conducting ‘maintenance’ on the natural gas pipeline that goes through Ukraine.
But it's a hollow threat. So empty that it beggars belief. Read more here.
By SIMON CONSTABLE
Get ready for another lumber rally,
Despite its epic fall since March, lumber could be about to surge once again, experts say. Read more here.
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As if California wasn't already hurting workers enough. Read more here.
Photo by Viviana Rishe on Unsplash
By SIMON CONSTABLE
She also 'detests' Conservative Party voters, which make up almost one-four Scots voters. Read more here.
By SIMON CONSTABLE
What a difference a few decades make. In 1982, the reputation of the Federal Reserve was riding high after its leader Paul Volcker had deftly tamed the double-digit inflation that blighted the US economy during the late 1970s. A year later, when Hong Kong suffered a currency crisis, the Fed’s tangential involvement played an essential part in lifting the then-British territory out of economic and political turmoil. While the Fed’s glow lasted into the early 21st century, the institution now seems to have lost some of its luster, as have other major central banks, according to some experts. Read more here.