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Beijing has long regarded the Arctic as consequential to its strategic, economic and environmental interests. China also believes that, in line with international legal treaties — especially the United Nations Convention on the Law of the Sea and the Spitsbergen Treaty — it enjoys such rights as scientific research, freedom of navigation, and overflight, fishery, cable-laying and resource development in the Arctic high seas.
Energy aside, China's collaboration with Russia on establishing a global transport corridor via the Northern Sea Route, or NSR, has in recent times seized no small amount of attention. Experts believe this route would be around 40 percent faster than the same journey via the Suez Canal, significantly slashing fuel costs. With global warming and the consequent opening up of more ice-free periods per year, the prospect of opening up international Arctic shipping via the NSR becomes brighter.
Not to change the topic here:
Two Catholic economists urge end to stay-at-home orders in COVID-19 response
Regina Weaver of Fort Smith, Ark., waits in line to file for unemployment April 6, 2020, during the coronavirus pandemic. As of May 8, the U.S. Bureau of Labor Statistics reported the unemployment rate at 14.7 percent. (Credit: Nick Oxford/Reuters via CNS.)
CHICAGO — Ending the widespread stay-at-home orders under the coronavirus pandemic would align with Catholic social teaching and respond to the needs of vulnerable people, including the young and the poor, two Catholic economists said.
A century of misunderstanding of a key tool in the economics of natural resources -- ScienceDaily
In an article written in 1931, the American economist and mathematician Harold Hotelling published a model to describe the evolution of the prices of non-renewable resources. Following the 1973 oil crisis, the model aroused fresh interest: the growth theorist Robert Solow named the initial equation in this article 'the Hotelling rule', establishing it as a fundamental principle of the economics of non-renewable resources.
Despite everything, the Hotelling rule still retains its central status in the economics of mineral and energy resources: it is on this basis that more sophisticated 'extensions' are constructed to account for market realities.
Beacon Economics: Don't Expect a New Normal | GlobeSt
The opportunity to acquire an airport-peripheral office campus within a diverse economy was compelling and Capital Commercial executed the acquisition well, given the unusual economic circumstances.
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Knock will use the new capital to continue growing its go-to-market and product teams while furthering its front office product roadmap, including a suite of productivity and business intelligence tools that are critical to improving occupancy and renewal rates.
Quite a lot has been going on:
Why these economists say the recovery will be L-shaped - MarketWatch
The debate raging in economic circles is what letter the path of the U.S. economy will most resemble — and a new research paper has a depressing answer.
The U.S. economy is likely to have an L-shaped recession, according to a new working paper circulated by the National Bureau of Economic Research .
The reason, according to Victoria Gregory and Guido Menzio of New York University and David Wiczer of Stony Brook University, is their estimate that unemployment won't quickly ebb. Data released by the Labor Department on Friday showed the U.S. unemployment rate rose to 14.7% in April from just 3.5% in February .
Announcement: Covid Economics and subsequent submission to journals | VOX, CEPR Policy Portal
CEPR's new vehicle for rapidly vetting and disseminating economic research on Covid-related issues is thriving – attracting something like six papers per day with about 40% passing the rapid, up-down vetting process. From its founding, the idea was that papers issued in Covid Economics would be submitted to professional journals after revision.
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Every day, an average of six papers is submitted and immediately sent for vetting to one member of the editorial board. The reviewer is asked to respond within 48 hours. Most respond within 24 hours, many within half a day. The papers are vetted for quality and relevance on an accept/reject basis. Once it is accepted, a paper appears online a few days afterwards. The editorial board currently includes 45 members who jointly cover all areas of specialisation in economics.
Economic outlook: 2nd wave of virus cases to drive depression - Business Insider
What many view as the cure to the current economic downturn could spur a far worse outcome, said Mark Zandi, Moody's chief economist.
"We may not shut down again, but certainly it will scare people, spook people, and weigh on the economy," he said. "That would be the fodder for a depression."
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Hiring could bounce back starting in late May as businesses resume activity, but the lasting risk will weigh on economic activity for months to come, the economist said.
Coronavirus: Wealth taxes may be rolled out globally, economist says
The world's wealthiest could be subjected to higher tax rates as governments scramble to fund spending and repair their economies amid the coronavirus crisis, an economist has predicted.
Speaking to CNBC's "Street Signs Europe" on Monday, Roger Bootle, chairman of Capital Economics, said he was concerned that some governments — including Britain's — would assume tax rates must go up in order to mitigate the impacts of the pandemic.
Happening on Twitter
.@USNavy ships with a #British frigate have completed 7 days of exercises in the Barents Sea in Russia's maritime b… https://t.co/0kToofiv3f EpochTimes (from New York, USA) Mon May 11 17:55:01 +0000 2020
Read. This. Thread. To make clear: the engagement and Open Letter writers willfully ignore this mountain if evidenc… https://t.co/Q1rb2D94O2 BaldingsWorld (from On a plane) Mon May 11 00:02:06 +0000 2020
India is stepping up engagement in its neighbourhood including in the #IndianOceanRegion as part of #IndoPacific vi… https://t.co/ASSjwCOcC7 ETDefence (from New Delhi, India) Mon May 11 07:55:50 +0000 2020
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