The growing downturn in the fossil fuels industry has extraordinary implications globally. While some are proposing theories that this downturn will be short-lived, there simply isn’t much evidence to support an optimistic forecast. Saudi Arabia is openly executing a long term strategy to squeeze “high cost oil producers,” using its unquestioned leverage and the lowest production costs in the World. Europe is facing potential deflation, and the current European recession is forcing the European Central Bank to begin “quantitative easing,” beginning this week, essentially printing money. The Russian economy is in shambles as the ruble weakens, something Putin did not plan on occurring. The Chinese economy has weakened sharply and will likely remain weak into the near foreseeable future. Meanwhile Canada is at the mercy of these global forces, with little in the way of economic reserves to defend its economy, having bet the entire Canadian economy on oil.
UPDATE: May 21, 2015. Goldman Sachs has just released an oil price forecast suggesting that North…
The U.S. government shutdown crisis is driven by an entirely new and dangerous dynamic in American politics. It is not easy to discern, but it is there. A number of different U.S. news media have begun reporting on this phenomenon and have editorialized on it. Last night before the shutdown actually occurred, one political commentator abandoned all of the tedious “talking points,” promoted by both sides, and spoke the truth. He said simply that the political paralysis problem in the United States was precipitated by the growing plutocracy (government by the extremely rich), and corporate political money empowered by the Citizens United Supreme Court decision. Its focus, goal and strategy is exclusively to discredit The President of the United States personally. It has little or nothing to do with opposing policy issues. It is personal and racist.
I have heard a number of students express the fear that apps like Coursesmart will crash at the worst possible time:exams. Now it has happened, which creates a market acceptance problem that will take months to repair.. It is similar to the Odwalla juice contamination case study that eventually took the company to near bankruptcy.