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Tailpieces Blog Post 267
Most of us think that “infrastructure” means very large physical structures – bridges, tunnels, roads, railways, airports. Useful things that we’re generally in favour of, but needing large public bodies to finance and manage.
Governments Want a Big Deal on Global Taxation
The Group of Seven major economies have agreed to introduce a 15 per cent minimum corporate tax rate to be applied worldwide by national governments. Less is being said about seeking global agreement on the basis of implementing the tax – a more important and much more controversial issue.
A Cautious View of Renewables
The true costs of renewables are fudged by not counting external and replacement costs, argues commentator Charles Hugh Smith…
Vietnam: a Spectacular Emerging Economy
Crossing a main street in a Vietnamese city is unnerving. As you follow the tourist guide advice, ignoring traffic risk as you step out, boldly striding forward at a steady pace, you are engulfed by a torrent of motorcycles. They swerve as they sweep past you, never touching you.
Why Value-Focused Portfolios Disappoint
Value stocks “have had a decade from hell” says The Economist. Over that period their returns have lagged behind the average for the American stockmarket as a whole by more than 90 percentage points.
