A definition of country risk is as follows of the Basel Committee (1999)[p.7]: "g or sovereign risk encompasses the entire spectrum of risks arising from the economic, political and social environments of a foreign country that may have potential consequences for foreigners debt and equity ...
You may bitch about the cost of living now but 40 years of globalisation and growth did count for something even if we did conclude we don’t need any more of that malarkey in 2016. When I computed the value of my first kitchen portering job it ended up considerably below the current N...
I’m on the general same wavelength, though I hadn’t thought it out anywhere nearly as well as Jacob. Peak oil will roll back the advance of globalisation by increasing the costs of transportation, and will probablydefine the high-water mark of living standardsas measured by stuff. Britain ...
Considering something sustainable where you have to post keep-out warnings for tens of thousands of years is also stretching the definition of sustainable for some people. But I just don’t want to try to imagine the amount of wind power or solar to keep leisure flying at current levels. We...
Index investing is passively active by definition – it is rebalanced quarterly by the index. A true HYP becomes unbalanced (unless added to each year). I am beginning to wonder if that is such a bad thing as it’s made out to be, since the unbalance comes from success – if it all...
by definition. This includes the people who would have passed the old exams, plus four times as many people who wouldn’t have passed. We didn’t have to bugger up the exams – merely set the offer criteria to all Ds in old money. However, the change means there’s no way of tellin...
I am at the end of my working life, so my definition of this was probably set two generations ago, and matches the dictionary version. For a more modern take on this let’s take a leaf from FireVLondon’s taxonomy of London salaries and apply a 30k p.a. malus to their £160k ...
To avoid the vicissitudes of other countries’ fortunes I am using IMF Special Drawing Rights to compare the pound with. Let’s have a definition The value of the SDR is currently based on a basket of four major currencies: the U.S. dollar, euro, the Japanese yen, and pound sterling. ...
There’s a recurring theme here. If you want to treat everyone equally, then by definition you can’t identify the bright from the dim. That’s fine if the aim of education is to build students’ self esteem. That’s bad if the aim is to target scarce resources at the able so they...
at the cost of the work doers. Our definition of employment and self-employment that has been acceptable for many decadesisn’t fit for this sort of employment/work. So regulation needs to catch up, there’s probably space in the marketplace for smartphone mediated work matching to give nove...