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  • Editor’s Picks / 06 June 2016 at 0:00 GMT

    India needs to switch commodities to deal with root causes of drought

    Nikkei Asian Review
    A lack of monsoon rain has been causing widespread drought conditions across India and has highlighted the need for new water management policies. These should include reducing incentives that encourage the cultivation of water-intensive crops, such as rice, cotton and sugarcane, in dry regions as well as promoting rainwater harvesting and drip irrigation. India's agricultural sector is vulnerable to drought since 60 million out of 140 mln ha of cultivable land are dependent on rain for irrigation. There has not been much action to address the root cause of the water crisis. Diversification towards less water-intensive crops like beans, oilseeds and coarse cereals needs to be considered as demand for these crops far exceeds supply in the country.
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  • Editor’s Picks / 13 March 2016 at 23:42 GMT

    Yen gaining ground five years after disaster

    Nikkei Asian Review
    A weakening yen has been the main driver of Japan's recovery over the past few years. Recently, however, the yen has been gradually strengthening. The yen's longest losing streak since 1973, when Japan switched to a floating exchange rate, can be attributed to Japan's current account balance, which worsened after the 2011 earthquake, tsunami and meltdowns moved the country to shut down its nuclear reactors. This led to a surge in energy imports. It is also a result of higher expectations for monetary easing due to Shinzo Abe's reflationary program, dubbed Abenomics. But with the impact of these two factors fading, the yen has been gaining ground against the dollar.
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  • Editor’s Picks / 18 December 2015 at 2:01 GMT

    Paris pact pursues common good, sends market signal

    Nikkei Asian Review
    The Paris accord is a triumph for the environment and for multilateralism, says UN Secretary-General Ban Ki-moon. It is a health insurance policy for the planet. For the first time, every country has pledged to curb their emissions, and act internationally and domestically to address climate change. Together, countries have agreed that, in minimizing risks of climate change, the national interest is best served by pursuing the common good. I believe it is an example we could follow across the political agenda. The Paris Agreement gives markets the clear signal they need to scale up investments that will generate low-emissions, climate-resilient development.
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  • Editor’s Picks / 27 October 2015 at 4:17 GMT

    Jokowi risks Indonesian nationalist ire with TPP push

    The Guardian
    Joko Widodo – known as Jokowi – has risked the ire of economic nationalists at home, declaring: “Indonesia intends to join the TPP”. Twelve countries are party to the Trans-Pacific Partnership – including Australia, Canada, Japan, Mexico and the US – creating the world’s largest free trade area, in what some see as a counterbalance to China. Widodo's comments raise hopes that he will help the world’s most populous Muslim nation fully realise its potential. Indonesia’s protectionist economy has been stymied by corruption, low commodity prices and China’s slowdown. Widodo’s efforts to win US investment suffered a blow when he was forced to cancel visits to Silicon Valley, to return home and help deal with smoke that has blanketed parts of his country.
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    David E.H. Smith David E.H. Smith
    TPP; Legitimizing & Globalizing Money Laundering (HSBC), Fraud (Enron), et al.

    …However, where the real money is to be made in the secret
    Treaties/’Arrangements’ is not in the...
  • Editor’s Picks / 06 October 2015 at 2:11 GMT

    BP to pay $20bn in fines for Deepwater Horizon spill

    BP will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement of its kind in US history. Reuters reports that the agreement, first outlined in July, adds to the $43.8 billion BP had previously set aside for criminal and civil penalties and cleanup costs. The company has said its total pre-tax charge for the spill is now around $53.8 billion. The total penalties announced on Monday sounded higher than the $18.7 billion deal reached to this summer, in part because it included $1 billion in restoration work BP had agreed to long beforehand.
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  • Editor’s Picks / 09 April 2015 at 22:41 GMT

    China counts the environmental cost of reckless growth

    Business Spectator
    There was an explosion at a controversial petrochemical plant in southern China this week – the same plant that had triggered protests when it was first proposed in 2007. The incident is is an example of the enormous strain that China’s fragile environment has been under as a result of years of reckless growth. Analysts put the cost to the economy of pollution at 8% to 12% of GDP annually, or even higher. With the release of the popular anti-pollution documentary Under the Dome – which boosted the Ministry of the Environment and took aim at the resources and energy sector – many believe the tide is finally turning away from enslavement to high growth to green GDP.
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