many companies work under the assumption that climate change will not impact GDP
In regards to land use change, he finds En-ROADS helpful for assessing government goals.“If I think about the Australian Federal government’s goals for emissions, they include going from releasing carbon dioxide from the land to effectively making it a sink,” Maslen said. “It’s a substantial amount of carbon
The Australian Equities Team at AllianceBernstein is using En-ROADS to help companies and investors perform the scenario analysis required under TCFD.1
finding that the Australian equities market is, overall, likely to perform better at lower temperatures
A growing body of research shows that the corporate rate cut has delivered large gains to top earners but done little for everyone else.
Policymakers and the public should understand that the 2017 Trump tax law was skewed to the rich, was expensive and eroded the U.S. revenue base, and failed to deliver promised economic benefits. A 2025 course correction is needed.
Not in my term of office, or Not in my election year occasionally referred to as NIMTOO and NIMEY, are an acronyms referring to the habit of elected officials for postponing projects that may be unpopular like a new power plant.[1] This is similar to the often stated 'not on my watch', which politicians use to mean: "as long as I'm in charge, this...
The buck stops here
Buck passing, or passing the buck, or sometimes (playing) the blame game, is the act of attributing to another person or group one's own responsibility. It is often used to refer to a strategy in power politics whereby a state tries to get another state to deter or fight an aggressor state while it remains on the sidelines.[1] The expression is...
When you train people to be good in learning the rules, it is harder to have a rebellious spirit ... people who are not afraid to break the norm, to fail a little
SINGAPORE — They have hopped around countries to build up businesses, before settling on Singapore to sink their roots more than 10 years ago. To them, there is no better place than Singapore for entrepreneurs, so much so that one of them, fish farm Barramundi Asia’s managing director Joep Kleine Staarman declares
culture of defining success a single way
people grow up trying to thrive in school, which, here, focuses on structured learning, and systematic and logical thinking; less on creativity and risk-taking
the education system produces workers good in thinking about structures and algorithms, besides being highly efficient.“But it is still a workforce that is not highly innovative
the results-driven, exam-centric approach in Singapore’s education system does not require students to think creatively
most of entrepreneurial nature is about people
There is this whole obsession for people to be similar to other people
/what needs changing first is for society to be less critical of those who fare less well academically. “If people are not good in school, don’t write them off. Work on their specialties. Oftentimes, they may be the ones with the potential to be the entrepreneurs of tomorrow/
“double damage” inflicted by the wealthiest corporations and individuals who disproportionately contribute to climate breakdown through their outsized carbon emissions and who rob governments of the funding needed to address the fallout from climate breakdown by abusing tax
“Double damage” inflicted by wealthiest corporations and individuals highlights twin crises of climate breakdown and inequality The amount of tax lost every year to multinational corporations and wealthy individuals using tax havens is on par with the amount of money needed each year to cover the estimated cost of climate-induced loss and damage. In a […]
amount of tax lost every year to multinational corporations and wealthy individuals using tax havens is on par with the amount of money needed each year to cover the estimated cost of climate-induced loss and damage
The holiday season is upon us, which for the millions of dust-covered board games that have spent the year hibernating in cupboards and cabinets means making the annual pilgrimage to the family dinner table to collect the biscuit crumbs and greasy finger stains they need to sustain themselves for another a year. In honour of […]
"It’s instant replay of the same old crap. The first time they went to jail. The second time, nobody went to jail, but there were some significant financial penalties. And the third time, it was a complete pass that allowed people to get the idea that if you’re big enough and important enough, you can get away with anything. And that, I’m afraid, has permeated the society."
The latest Corruption Diaries episode is out! A new podcast episode every Wednesday: "It’s instant replay of the same old crap. The first time they went to jail. The second time, nobody went to jail,...
their wealth has grown three times faster than the rate of inflation ... The wages of nearly 800 million workers have failed to keep up with inflation and they have lost $1.5 trillion over the last two years, equivalent to nearly a month (25 days) of lost wages for each worker
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire...
Fortunes of five richest men have shot up by 114 percent since 2020
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer
the world could have its first-ever trillionaire ... within a decade
Monopolies harm innovation and crush workers and smaller businesses
148 of the world’s biggest corporations together ... a 52 percent jump compared to average net profits in 2018-2021
"war on taxation" by corporations has seen the effective corporate tax rate fall by roughly a third in recent decades
seven out of ten of the world’s biggest corporations have a billionaire as CEO or principal shareholder. These corporations are worth $10.2 trillion, equivalent to more than the combined GDPs of all countries in Africa and Latin America
Share ownership overwhelmingly benefits the richest. The top 1 percent own 43 percent of all global financial assets. They hold 48 percent of financial wealth in the Middle East, 50 percent in Asia and 47 percent in Europe
This inequality is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else…… through squeezing workers, dodging tax, privatizing the state, and spurring climate breakdown
analysis of World Benchmarking Alliance data on more than 1,600 of the largest corporations worldwide shows that 0.4 percent of them are publicly committed to paying workers a living wage and support a living wage in their value chains
But they’re also funneling power, undermining our democracies ... No corporation or individual should have this much power over our economies and our lives
Bernard Arnault is the world’s second richest man who presides over luxury goods empire LVMH ... He also owns France’s biggest media outlet, Les Échos, as well as Le Parisien
