So what have been the costs of this productivity slowdown? Wood described an economy that was “older, fatter and slower”, but she could have also added “dumber”; her statistic that the average academic achievement of the average year nine student in 2018 was a full year behind the same student from 2003 is not exactly
BEIJING — Global stock markets and Wall Street futures were mixed Friday ahead of an update on the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation.London, Paris and Frankfurt were lower while Shanghai and Tokyo advanced. Oil prices fell back. Investors were looking ahead to
At least in terms of the job market, 2021 was a good year for renewable energy. A report released earlier this week by the Department of Energy found that nearly every part of the renewable energy sector added jobs last year. And despite a rise in fossil fuel production, the number of oil and gas-related
President Cyril Ramaphosa says lack of resources means that government is unable to assist Comair to solve its financial troubles. Comair, which operates the local British Airways and low-cost carrier Kulula.com, announced this week that it had applied for liquidation. The airline operator’s business rescue practitioners (BRPs) had stated they “no longer believe that there is a reasonable prospect…