I'm back - and, as you can see from the time of posting, jet-lagged up the wazoo. Also, now I have to deal with matters parental, which means very limited blogging for a while. But I did want to say something about President Obama's new climate initiative - which has, by the way, received weirdly little coverage.

Nearly five years since the recession ended in June 2009, economic policy discussions continue to focus on dubious short-term countercyclical measures to "stimulate demand." The Economic Report of the President for 2014 wastes an entire chapter rehashing the jobs supposedly "saved or created" by the 2009 fiscal stimulus and Federal Reserve easing.

The eurozone could well weather Grexit-should it come to that. But would it be able to survive a serious bout of inflation that could ultimately result in other states questioning their membership? Well that's another matter entirely. Right now, the markets are focused on negotiations between Greece and its eurozone creditors.

Eurozone finance ministers will meet again Monday for crunch talks on how to keep Greece solvent, and in the euro, after a first round of discussions ended in failure Wednesday night. Europe insisted Greece honor its commitments under the existing bailout program, 30% of which the new left-wing government of Prime Minister Alexis Tsipras says is unacceptable.

This article is about how basing the oil business around the idea of the planet is running out of oil concept was a huge mistake as oil prices crash like a plane on fire.

This article shows how apple watches makes the third party, IE the people around you the targets of negative externality as the product is rather annoying.

NEW DELHI: The country's premier oncology treatment institute Tata Memorial Centre has recommended inclusion of 12 key cancer drugs in the national list of essential medicines (NLEM), prices of which are regulated by the government, an official source said.

Between 2000 and 2013, governments increased cigarette excise taxes more than 120 times. Companies like Altria oppose tobacco excise tax increases because it create motivations for counterfeit cigarette business. This article analyzes the rationale behind arguments about cigarettes and try to get a sense of the impact of excise taxes on cigarettes in Massachusetts.

As oil prices fall as much as 18%, global economy is booming. The purchasing power of the citizens are expected to rise. This steals around 0.5% of the national GDP from oil producers and gives it to consumers.

This article talks about high demands for water and dwindling supply. This is forcing government/companies to raise water prices so it would restrict usage of it. Like California where drought is causing high prices and low usage of water. Water has pretty neutral elasticity so government and businesses can make decisions capitalizing on its elasticity.

NRG Energy, the largest public electricity provider in the US is facing trouble providing enough electricity to power grids because of coal shortage. Coal stockpiles have fallen by 28% and prices have risen by 5.8%. And because oils are becoming more dominant in rail way delivery, coal plants are struggling to stay in market.

The luxury watch brand Tag Heuer is cutting down jobs in management and production as the demand for luxury watches are decreasing. The company has laid off 46 positions. And 49 people are temporarily laid off until the end of the year.