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economics

The virus could erase decades of progress in raising living standards.
Audience members also booed when the president was introduced.
The New York Times unearthed four settlements and multiple accounts of sexual misconduct.
For most politicians, including U.S. President Donald Trump, the concept of trade balance is invoked in order to justify everything and its opposite.
The wheels of gender equality are in motion in the UK but there is evidently still a long way to go -- "subtle" and institutional bias persist, women still get paid 18 per cent less than men and only 25 per cent of UK STEM graduates are female.
Beyond helping break the cycle of constant consumption and allowing people to focus on things that matter -- like friends, family and time in nature -- a shorter work week would also reduce rush-hour traffic and gridlock, which contribute to pollution and climate change. It could help reduce stress and the health problems that come from modern work practices, such as sitting for long hours at computers. And it would give people more options for family care.
A large majority of people do not smoke, or no longer smoke, and tend to accept certain bits of conventional wisdom without question. Smoking tobacco being harmful to one's health, smokers therefore need to be protected--even those who would choose to, say, patronize their own smoking restaurants and bars. And we can count on government to enforce regulations and bans to this effect. But what if smokers get something from their "vice," and that this can be explained in economic terms? The answer could be found in the concept of consumer surplus.
CETA, the EU-Canada Comprehensive Economic and Trade Agreement, has everyone talking about Canada in Brussels, the EU capital, ahead of February 15's vote - and it's not always good. So, here is a tip for Prime Minister Justin Trudeau ahead of his Thursday speech at the European Parliament.
It's absurd that so many people still work eight hours a day, five days a week -- or more -- with only a few weeks' vacation a year, often needing two incomes to support a household. Our economic system was developed when resources seemed plentiful if not inexhaustible, and physical infrastructure was lacking. We need an overhaul to meet today's conditions rather than those that existed decades ago when we were unaware of many of the potential negative consequences of our actions.
Humans are one species among countless others to which we are connected and on which we depend. Viewed that way, everything we do has repercussions and carries responsibilities. That we are part of a vast web is a biocentric way of seeing that we've followed for most of our existence. But in assuming the mantle of "dominant" species, we've shifted to thinking we're at the centre of everything.