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China to Reopen Its Consumer Market to Brazilian Meat Exports

China will reopen its consumer market to Brazilian meat exports, officials in the South American country said, after a scare over alleged corruption in Brazil’s sanitary inspection services prompted major importers to bar shipments. Full story

The future of our cities? It could be blockchain

Many trends on the horizon offer opportunities that could transform our cities. From self-driving vehicles and the sharing economy through to cloud computing and blockchain technologies , each of these trends is quite significant on its own. But the convergence of their disruptive forces is what will create real value and drive innovations. Take blockchain and the sharing economy as an example. Bringing these two forces together can potentially ... Full story

Rolling Back Fuel Efficiency Is a Bad Deal for Everyone — Including U.S. Carmakers

CEOs seem increasingly excited about the prospect of regulations being rolled back under President Trump. But while it’s taken as an article of faith that this is good for business, slashing our health, environmental, and societal protections could backfire in the long run. Consider going back on fuel efficiency standards. Not only will it make U.S. carmakers less competitive with foreign competitors, but it also ignores the many businesses and ... Full story

Looking Abroad May Pay Dividends in 2017

International investing entails greater risk, as well as greater potential rewards compared to U.S. investing. These risks include political and economic uncertainties of foreign countries as well as the risk of currency fluctuations. These risks are magnified in countries with emerging markets, since these countries may have relatively unstable governments and less established markets and economies. Investing in commodities entails significant ... Full story

Billionaire Eyes Millennials for Argentina's First Digital Bank

Eduardo Eurnekian, owner of the world’s largest airport operator, plans to open Argentina’s first online-only bank to draw millennials frustrated with the paperwork existing lenders demand. The bank is a partnership between Eurnekian, former Banco de la Provincia President Guillermo Francos and Juan Carlos Ozcoidi, Francos said in an interview Monday. The group applied for a license late last year and is waiting for approval from the central ... Full story

American Nile: Saving the Colorado Geographic

and hundreds of other species that rely on the river, we should care because the Colorado flows through all of us. Many of us use it in our showers and pools, and in the fountains and green parks that our children play in. It is real estate (equity plummets with water levels). It is our wallets: a collective $26 billion per year from the recreation economy, and 250,000 sustainable jobs. It is our livelihoods: I have friends who depend on the ... Full story

Preparing for the irrational: Building economic models that work

Early last month, Andy Haldane, Chief Economist at the Bank of England, blamed “irrational behavior” for the failure of the BoE’s recent forecasting models. The failure to spot this irrationality had led policymakers to forecast that the British economy would slow in the wake of last June’s Brexit referendum. Instead, British consumers have been on a heedless spending spree since the vote to leave the European Union; and, no less illogically, ... Full story

Cautious federal budget a missed opportunity for the Liberals

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Cash-strapped Middle Eastern oil nations look at borrowing against future sales

Bankers say the fall in the prices of crude oil is leading Saudi Arabia and Gulf countries to consider pre-export finance, where future revenues are pledged to cover loans, as they try to plug budget holes. Full story

Think you know how the poor would spend the money you give them?

It is increasingly common for governments to give poor people money . Rather than grant services or particular goods to those in poverty, such as food or housing, governments have found that it is more effective and efficient to simply hand out cash. In some cases, these cash transfers are conditional on doing something the government deems good, like sending your children to school or getting vaccinated. In other cases, they’re entirely ... Full story