financializer news A weblog highlighting financial topics making news in the international media.

oecd: Trade is a central source of risk in the OECD's analysis, according to The Toronto Star. Qilai Shen / Bloomberg file photo Since its last economic forecasts in May, the OECD said differences between economies have widened, confidence has fallen, and business surveys across the world point to a slowdown. The gloomy analysis has pushed the Paris-based institution to cut its global growth forecasts for this year and next with particularly sharp revisions for Turkey, Argentina, South Africa and Brazil. Read more OECD predicts Canada's economic growth to be best in G7 Article Continued Below Canada's economic growth rate expected to slow next year, says OECDOECD cuts Canada's economic growth forecast as global economy slows Global growth is hitting a plateau, its chief economist, Laurence Boone, said in an interview with Bloomberg Television. Tariffs and policy changes have already buffeted flows and prices in some areas, and affected sentiment and investment plans. Trade is a central source of risk in the OECD's analysis. (news.financializer.com). As reported in the news.

helmets: John Rose is a self-made man who made his millions from the iconic Rosebank Stackhat safety helmets, according to Nine News Australia. He sold his business for millions in 1993. To improve your experience update it here News National Won't stop hunting you' Best friends' epic multi-million-dollar fallout By A Current Affair8 05pm Sep 20, 2018Facebook Tweet Mail Two former best friends who fell out after a business failure are going head to head again as one tries to stop the other's bid to build a pub. Tim Rice and John Rose have gone from friends to enemies after a business failure. Mr Rose told A Current Affair they quickly became like brothers . He said Mr Rice asked him to invest in a property venture on the Gold Coast. A Current Affair A few years later he met Tim Rice, who lived in the same suburb in Melbourne's south-east. (news.financializer.com). As reported in the news.

picture: But that picture is out of date, according to The Guardian. Women are investing more and more and they're choosing companies that have a positive impact on the planet, as well as their portfolios. It's about bravado and making the big bucks. Olivia Sibony is head of impact crowdfunding at Seedtribe an investment platform that links socially minded investors with businesses that do good recent examples include a tool to help small- and medium-sized enterprises give to charity, and a plastic recycling plant . Crucially, the minimum investment is 100, a figure low enough, Sibony hopes, to appeal to people who wouldn't traditionally invest, particularly millennials and women. You no longer need to have a spare 10,000 or 20,000 to become an investor, you can make a difference with a few hundred pounds, and also make a return. They are much more socially conscious and aware and they want to create change, she says. (news.financializer.com). As reported in the news.

lawyers attempt: Mr Palmer is on an overseas holiday as his lawyers attempt to unfreeze more than 500 million of his assets in the Brisbane appeal court on Thursday, according to Nine News Australia. A court-ordered freeze on his assets in May included more than 200 million of the mining magnate's assets, taking in his Cessna plane, vintage cars and several properties. To improve your experience update it here News National Palmer's 4.6m gift to wife 'hardly wild'1 15pm Sep 20, Palmer's multi-million dollar gifts to his wife and her family were hardly a wild way to distribute his assets, his lawyer says. It comes as liquidators attempt to claw back millions of dollars owed following the collapse of his Queensland Nickel refinery in Townsville in 2016. The appeal has heard Mr Palmer gave 4.6 million to his wife Anna and 600,000 to her brother from the sale of Mineralogy House in the CBD. Your Honour, this is hardly a wild dissipation of assets, Mr Palmer's barrister David Jackson QC told the court. About 343 million related to his business ventures were also frozen by Justice John Bond. (news.financializer.com). As reported in the news.

material risk: Of the 60 companies, Asic found 17% identified climate change as a material risk to their business, according to The Guardian. The regulator said that while most ASX 100 companies had considered the potential risks posed to them by climate change at least to some extent, the practice of disclosing these risks to investors was considerably fragmented, with information provided to the market in differing forms across a wide range of means of disclosure . If you're talking about drought but not climate change, you're not doing your job, PM Greg Jericho Read more In some cases, the review found climate risk disclosures to be far too general, and of limited use to investors, Asic said in a statement. The review, published on Thursday, examined climate risk disclosures by 60 companies in the ASX 300, in 25 recent initial public offering IPO prospectuses, and across 15,000 annual reports. The review found few listed companies outside of the ASX 200 were disclosing climate risks to their investors. It found the percentage of annual reports of all listed companies that contained climate change-related content had fallen from 22% in 2011 to 14% in 2017. Discussion of climate change in annual reports had also gone backwards, particularly for companies outside the ASX 100. (news.financializer.com). As reported in the news.

police: Police in Nova Scotia have charged six people in a fraud involving pre-owned vehicles valued at more than 1 million, according to The Toronto Star. One dealership is the victim and police say another dealership was involved in the crime. In a news release on Thursday, Nova Scotia RCMP said they arrested the suspects four men and two women from Kentville and Berwick early Wednesday morning. Dreamstime The suspects are accused of defrauding a New Minas car dealership of 1.3 million in a case related to 26 vehicles. They're scheduled to appear in Kentville provincial court on Dec. 11. All six are facing charges including fraud over 5,000, laundering proceeds of crime and possession of proceeds of crime. (news.financializer.com). As reported in the news.

shareholders: The airline's pugnacious chief executive, Michael O'Leary, was backed by 98.5% of investors, according to The Guardian. However, during a year in which cabin crew and pilot strikes grounded hundreds of flights, shareholders made it clear their patience was wearing thin. Nearly 30% of shareholders voted against the re-election of David Bonderman, Ryanair's chairman of 22 years, at its annual meeting in Gormanston, outside Dublin. Aberdeen Standard Investments, which on behalf of its clients manages about 11m Ryanair shares, equivalent to 0.9% of the company, said it would be the last time it backed Bonderman and the senior independent director, Kyran McLaughlin. Strong, independent and visible board leadership is more important than ever, Alison Kennedy, an investment director at Aberdeen, said. Given the challenges the company faces, for example in union and labour relations, it is clear that governance needs to evolve. (news.financializer.com). As reported in the news.

agency: AP Photo/Sadiq Asyraf anti-graft agency said it arrested former Prime Minister Najib Razak on Wednesday over the multimillion-dollar looting of a state investment fund and that he will face further charges in court, according to Nine News Australia. The agency said Najib was detained at its office and will be taken to court on Thursday to face the charges. To improve your experience update it here News World Malaysia's ex-leader Najib Razak arrested by anti-graft agency7 48pm Sep 19, 2018Najib Razak, Right, Speaks During A Press Conference In Kuala Lumpur, Malaysia, Saturday, May 12, 2018. Najib was earlier charged with multiple counts of criminal breach of trust, corruption and money laundering over the scandal at the 1MDB state fund. Those charges involve the transfer of 42 million ringgit 14.21 million into his bank accounts from SRC International, a former unit of the 1MDB fund that international investigators say was looted of billions by Najib's associates. He has pleaded not guilty. (news.financializer.com). As reported in the news.

aid: A report this week by Africa Confidential alleges that up to 4.7m 3.5m in aid payments may have been embezzled, according to The Guardian. Other countries including Finland, Sweden and Ireland have also suspended aid to Zambia, pending the outcome of the far-reaching investigation. The UK is among several nations to halt funds to the country. Initially, on Tuesday, Zambia's information and broadcast minister Dora Siliya had denounced the reports as misleading and false . She said that as far as the Lusaka was concerned no funding had been suspended and condemned the Africa Confidential report as false and half truths or purely untruths . But in the early hours of Wednesday, Siliya noted a change in the government's positon on her Twitter account, stating His Excellency, President Edgar Lungu has acted swiftly, relieving the Honorousable E Kabanshi as minister of community development following the misuse of funds allegations in her ministry. Until the suspension, the UK was due to contribute 47m in overseas aid to the country for the year 2018-19. Zambia ranks 37 out of 100 in the Transparency International TI corruption scale 0 being the most corrupt. (news.financializer.com). As reported in the news.

asia economics: And analysts say the battle is likely to get worse, even as China starts to run low on ways to retaliate, according to CNN. The new tariffs announced by Washington and Beijing this week mark a major escalation of their conflict that will hit global economic growth, Louis Kuijs, head of Asia Economics at research firm Oxford Economics, said in a note. The latest exchange of fire means the two economic superpowers will soon have imposed tariffs on more than 360 billion of goods. The Chinese government said late Tuesday that it would impose tariffs on US goods worth 60 billion following the Trump administration's announcement that it was hitting 200 billion worth of Chinese goods with new tariffs. They come into effect on September 24, and will apply to thousands of Chinese products, ranging from food seasonings and baseball gloves to network routers and industrial machinery parts. use strict';CNN. Videx CNN. Videx ;CNN. Videx.mobile function data Obj 'use strict';var 'unmute ' data Obj ;if 'fave' player Instance null; else player Instance container Id && null; is Player Mute typeof data Obj.muted 'boolean' data Obj.muted false;if && player Property Obj player Property Obj.mute && if is Player Mute false unmuteCTA unmuteCTA.length 0 0;if remember Time 0 remember Time 360 / 'X', remember Time ; else function 'use strict';var vid EndSlate.length 0 CNN.auto Play Video Exist true true false;var config Obj thumb 'none',video '100%',height '100%',section 'domestic',profile 'expansion',network 'cnn',markup Id allow Native Fullscreen trueadsection '100%',frame Height '',is Live Player false,next Video Id '',next Video Url '',turn OnFlash Messaging CNN.auto Play Video Exist false auto Start Video false;if auto Start Video true if turn OnFlash Messaging true auto Start Video false;container El else CNN.auto Play Video Exist false auto Start Video, is Live Player, is Video Replay Clicked, new var i,vid Obj;if current Video Id && && 0 for i 0; i i vid Obj typeof vid Obj ! 'undefined' && vid Obj.video Id current Video Id if i - 1 next Video Id current Video Collection i 1 .video Id;next Video Url current Video Collection i 1 .video Url; else next Video Id !next Video Url next Video Id window.jsmd && window.jsmd.v && window.jsmd.v.eVar60 ' 1' ; else next Video Id '';next Video Url container Id var next Video Url move ToNext Timeout set Timeout function location.href next Video Url; next Video Play Timeout ; else end Slate end Slate.length 0 mobile Pinned View on Player Ready function container Id var ' ' &&Modernizr && Modernizr.phone Modernizr.mobile Modernizr.tablet 'fave' 0 'article' player Instance new false,transition function function function if mobile Pinned View function Storing pinned view on So that all players can see the single pinned player /CNN. Videx CNN. Videx ;CNN. Videx.mobile CNN. Videx.mobile mobile Pinned View; if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if video Pinner new else function container Id, player Id, contentid, is Queue function container Id, player Id, video Id, paused if mobile Pinned View function container Id, player Id, metadata, content Id, duration, width, height var end Slate Len metadata ;if end Slate Len 0 function container Id, cvp Id, token, mode, id, duration, block Id, ad Type / Dismissing the pinned Player if another video players plays an Ad Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, player Id, token, mode, id, duration, block Id, ad Type, instance, is AdPause if mobile Pinned View function container Id, Player Id, data Obj data Obj ;if mobile Pinned View &&typeof data Obj 'object' &&FAVE. Utils.os 'iOS' && !data Obj.fullscreen function container Id, cvp Id, event var CNNpanion && typeof 'function' Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, cvp Id, content Id if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null end Slate end Slate.length 0 function container Id, cvp Id, content Id if mobile Pinned View Dismissing the pinned Player if another video players plays a video. The US tariffs start at a rate of 10%, before rising to 25% at the end of the year. (news.financializer.com). As reported in the news.

b.c .,: Getting paid to smoke pot is no longer a toker's daydream, according to The Toronto Star. Toronto-based company AHLOT is offering 50 an hour to five so-called cannabis connoisseurs to sample various strains of marijuana. A woman smokes two joints during a sit-in as police officers raid the Cannabis Culture shop, in Vancouver, B.C., on March 9, 2017. DARRYL DYCK / THE CANADIAN PRESS Toronto-based company AHLOT is offering up to 1,000 a month to five cannabis connoisseurs to sample various strains of marijuana. The canna-committee will help determine what pot products go into its sample pack, which will comprise several strains from various licensed producers, says the company, which is starting recruitment this week. With legalization scheduled for Oct. 17, the bud brain trust will form the company's officially titled Cannabis Curation Committee, reporting back on characteristics and quality. (news.financializer.com). As reported in the news.

brisbane: CCTV shows officers catching the man allegedly trying to withdraw cash using stolen bank card details at an ATM in Brisbane, according to Nine News Australia. The 31-year-old is accused of pulling off an elaborate skimming technique never-before-seen in Queensland. To improve your experience update it student 'stole 60k in elaborate ATM skimming plot'By Sam Cucchiara Reporter7 59pm Sep 19, 2018Facebook Tweet Mail An international student accused of masterminding an elaborate ATM scam was caught red-handed by detectives, who dramatically swooped following weeks of covert surveillance. The man is arrested by police. Queensland Police Service Brazillian-born French man Douglas Da Silva Rangel, of Spring Hill, has been charged with 61 offences in what officers have described as a first for the state. Queensland Police Service The card skimming devices were allegedly inserted into ATMs across Brisbane. (news.financializer.com). As reported in the news.

nikkei index: But despite widespread concerns about a negative impact on the global economy, stock markets appeared to shrug off news of the new tariffs on Wednesday helped by a positive finish on Wall Street on Tuesday night, according to The Guardian. US casts doubt on Australia's claim of permanent exemption from Trump's tariffs Read more The Nikkei index in Tokyo jumped 1.3%, the ASX 200 rose 0.4% in Sydney and the Shanghai composite was up 0.3%. The optimistic mood suggests that investors believed the US tariffs of 10% rising to 25% in January could have been worse and that the impact of the trade war was already priced into share values. As Beijing retaliated with tariffs on 60bn of US goods following the Trump administration's 200bn hit on Chinese imports, a closely watched index on Australia's economic prospects pointed to a slowing in momentum for the remainder of the year and into 2019. The Australian dollar, which is seen as barometer of world trade, jumped 0.6% to US72.26c, while the Chinese yuan also reversed recent losses. There was relief as the United States set the initial tariffs at 10%, rather than the expected 25%, seen by some as a gesture that it was buying time for further negotiations. The markets are able to regroup now that the latest phase of the US-China trade war is over, said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management in Tokyo. (news.financializer.com). As reported in the news.

nicky: The Conservative MP Nicky Morgan, the chair of the committee, said the current situation was unsustainable, according to The Guardian. Bitcoin and other crypto-assets exist in the wild west industry of crypto-assets. The committee said in a report that consumers were left unprotected from an unregulated industry that aided money laundering, while the government and regulators bumble along and fail to take action. This unregulated industry leaves investors facing numerous risks, Morgan said. The US-China trade war is unlikely to be settled soon Read more Crypto-assets are not covered by the City regulator, the Financial Conduct Authority FCA and there are no formal mechanisms for consumer redress or investor compensation. Given the high price volatility, the hacking vulnerability of exchanges and the potential role in money laundering, the Treasury committee strongly believes that regulation should be introduced. (news.financializer.com). As reported in the news.

cibc: The lawsuit against CIBC alleges investors who hold the mutual funds in discount brokerages receive no value for the trailing commissions paid, according to The Toronto Star. Nathan Denette / THE CANADIAN PRESS file photo The allegations have not been proven in court. The lawsuit alleges investors who hold the mutual funds in discount brokerages receive no value for the trailing commissions paid. The case filed by Siskinds LLP and Bates Barristers PC seeks compensation for those investors. Article Continued Below The firms have proposed a class-action case against Scotiabank's 1832 Asset Management LP as well as another against TD Asset Management Inc., the trustee and manager of TD mutual funds. Siskinds and Bates Barristers have filed two other similar cases related to trailing commissions on mutual funds sold through the discount brokerage channel. (news.financializer.com). As reported in the news.

dow jones: The Canadian dollar traded at an average of 77.24 cents U.S. compared with an average of 76.97 cents U.S. on Tuesday, according to The Toronto Star. Frank Gunn / THE CANADIAN PRESS In New York, the Dow Jones industrial average gained 158.80 to 26,405.76. The S&P/TSX composite index lost 46.12 points to 16,149.92. The S&P 500 index was up 3.64 points to 2,907.95, while the Nasdaq composite was down 6.07 points to 7,950.04. The November crude contract was up 1.18 to 70.77 U.S. per barrel and the October natural gas contract was down 2.5 cents at 2.91 U.S. per mmBTU. Article Continued Below The December gold contract was up 5.40 U.S. at 1,208.30 U.S. an ounce and the December copper contract was down 0.1 of a cent at 2.73 U.S. a pound. The Canadian dollar traded at an average of 77.24 cents U.S. compared with an average of 76.97 cents U.S. on Tuesday. (news.financializer.com). As reported in the news.

port city: Addressing a World Economic Forum event in the port city of Tianjin on Wednesday, Li did not directly mention the trade conflict but he said talk of Beijing deliberately weakening its currency was groundless, according to Nine News Australia. One-way depreciation of the yuan brings more harm than benefits for China, he said. To improve your experience update it here News World China won't weaken currency, premier says5 05pm Sep 19, will not engage in competitive currency devaluations, Premier Li Keqiang has stressed, hours after China hit back with a softer punch than the one landed by the US in an escalating tariff war between the world's largest economies. China will never go down the road of relying on yuan depreciation to stimulate exports. His remarks gave a lift to the yuan, which has lost about 9 per cent of its value since mid-April amid the ongoing trade war. China will not do that to chase thin profits and a few small bucks . Li went on to say that the world's multi-lateral trading system should be upheld, and that unilateral trade actions will not solve any problems. (news.financializer.com). As reported in the news.

u.s: The Canadian dollar traded at an average of 76.97 cents U.S. compared with an average of 76.81 cents U.S. on Monday, according to The Toronto Star. Darren Calabrese / THE CANADIAN PRESS The market does have some element of optimism for maybe the U.S. is going to have cooler heads and be able to come to some sort of resolution with Canada in particular, some sort of a NAFTA deal, he said in an interview. There is anecdotal evidence from the United States and Canada that they are closer to some sort of deal even though there is no concrete evidence, said Sid Mokhtari with CIBC Capital Markets. Foreign Affairs Minister Chrystia Freeland travelled to Washington to resume efforts to forge a new version of the continental trade pact. Article Continued Below The two sides are approaching a deadline this week to have a deal signed by the Mexican president before he leaves office. Mokhtari figures the TSX could gain three to five per cent if a deal is reached. (news.financializer.com). As reported in the news.

chapel hill: You gotta take care of home, he told the Charlotte Observer on Tuesday when the team announced his personal donations, according to CNN. Jordan's family moved to Wilmington when he was a child, and he went to Laney High School before attending the University of North Carolina in Chapel Hill. It's truly devastating for me to see the damage that Hurricane Florence is doing to my beloved home state of North Carolina and to the surrounding areas, Jordan, who is the owner of the Charlotte Bobcats of the NBA, said last week in a statement posted on the team's website announcing its charity work. Wilmington truly is my home, he told the Observer. Read More And the deaths -- it was so sad about the babies one of whom died in Wilmington . You don't want to see any of that anywhere, but when it's home, that's tough to swallow. Kept thinking about all those places I grew up going to. (news.financializer.com). As reported in the news.

china: The US and China are Australia's biggest trading partners, according to Nine News Australia. We hope that sanity prevails, that China and the United States sort out their issues, he told reporters in Canberra on Wednesday. To improve your experience update it here News National Labor hopes for sanity in US-China stoush8 20am Sep 19, treasurer Chris Bowen hopes sanity prevails in the escalating trade war between China and the United States, saying the risk to Australia is material . Mr Bowen says Australia's high levels of household debt and slim budget surpluses leave the country exposed to major international economic downturns. We shouldn't overstate it - we shouldn't be alarmist - but the downside risk for Australia is material. US president Donald Trump has ratcheted up the simmering stoush by announcing tariffs on 278 billion worth of Chinese goods. Mr Bowen visited China earlier this month to get Beijing's perspective on the brewing trade tensions. (news.financializer.com). As reported in the news.

g environment: Michael Sabia, CEO of Caisse de Depot et Placement du Quebec, addresses a sustainable finance roundtable as the G7 environment, oceans and energy ministers meet in Halifax on Tuesday, according to The Toronto Star. Andrew Vaughan / THE CANADIAN PRESS The G7 ministers will be discussing climate change, plastics pollution, illegal fishing and clean energy at the meeting. Michael Sabia, chief executive of the Caisse de D p t et Placements, spoke Tuesday at a roundtable discussion on sustainable finance on the eve of a three-day meeting of G7 environment, oceans and energy ministers in Halifax. Sabia said government action is urgently needed, but he also urged capitalists to stop seeing climate change solely as a risk, and to get on with seeking profits from the need for more renewable energy, low-energy real estate and low-carbon transport systems. It's a profitable investment opportunity, said the executive. Climate change and responding to climate change is an important investment opportunity. (news.financializer.com). As reported in the news.

city: But the drop, led by falls in Sydney and Melbourne, isn't considered significant in the scheme of things, given the dizzy heights prices had reached, according to Nine News Australia. Capital city house prices fell 0.7 per cent nationally in the three months to June, according to the latest Australian Bureau of Statistics' Residential Property Price Index released on Tuesday. To improve your experience update it here News National First annual home price fall in six years4 06pm Sep 18, prices in Australia's capital cities have fallen on an annual basis for the first time since 2012. They also fell 0.6 per cent during the year to June 2018, the first annual fall recorded in six years. The drop was greatest in Sydney in the June quarter, where house prices fell by 1.2 per cent, marking the fourth consecutive quarter in which they have declined. Those national falls can be largely attributed to price drops in the big markets of Sydney and Melbourne. (news.financializer.com). As reported in the news.

magill: Goodstart Early Learning is opening up six new child care centres over the next 18 months, starting with Cheltenham, Clearview and Magill and then at Blair Athol, Plympton and Underdale, according to Nine News Australia. We'll have around 1500 places available to new families and children, Marnie Black from Goodstart Early Learning said. To improve your experience update it here News National Boom in Adelaide child care vacancies By Jessica Stanley Reporter8 52pm Sep 18, a child care vacancy can be a struggle for Adelaide parents, but a multi-million dollar investment could help reduce waiting lists and open up more vacancies. The boom could mean smaller centres will be forced to close. 9news It's not the only company investing in the child care boom with a recent report revealing 90 child care services have been in various stages of planning, construction or development over the past 18 months, including 37 in Adelaide's western suburbs. There's more money being pumped through child care services which makes it a really attractive business proposition, Doctor Elspeth McInnes, an education expert at the University of South Australia, said. The expansion of the industry attributed to an increase in demand, partly generated by changes to the child care subsidy and the number of working parents. (news.financializer.com). As reported in the news.

purchase: Interested investors should look at pieces in galleries, magazines and at auctions, since any purchase will be speculative, according to The Toronto Star. Dreamstime David Heffel, president of Heffel Fine Art Auction House, says investing in art is an excellent way to diversify a portfolio. They're assets that you can live with and enjoy on a day-to-day basis, but, more importantly, you can share them with family and friends. Melissa Renwick / THE CANADIAN PRESS file photo The sentiment is part of a wider trend among wealth advisers who see art as part of growing passion-based investments. It's another way to diversify a portfolio, which is important, and it's a good way to support culture, said Michael Taglieri, who studied art history and worked in the art world before becoming senior wealth adviser at Assante Capital Management Ltd. Heffel, president of Heffel Fine Art Auction House, has seen his share of paintings bought for a pittance that sell for hundreds of thousands or even millions that prove to be fantastic returns on investments. (news.financializer.com). As reported in the news.

variety: We need to find more money and that could come from a variety of different sources, according to The Guardian. He said governments had caused damage by repeatedly cutting into the BBC's budget, and as a result the cracks are beginning to show . Great programmes have been decommissioned or lost to other broadcasters, purely to meet savings targets. We do not believe what we currently do is sustainable with the resources we have, Tony Hall told the Royal Television Society conference in London. We could, of course, continue to do less. It's their BBC and they want more from us, not less. But the public don't like cuts to BBC services. (news.financializer.com). As reported in the news.

ageing society: In fact, there has been huge progress in building an alternative, according to The Guardian. Economists have a better analysis of how sustainable growth and innovation occur, and how the state can co-invest with industry to meet challenges such as climate change and an ageing society. But you wrongly imply that no one has done this. It is clear that the decline in bargaining power in an overly casualised labour market has held down wages, and that both stronger trade unions and regulation are needed to raise low-income earnings and productivity. All these and more are proposed in a recent report by the IPPR commission on economic justice, Prosperity and Justice A Plan for the New Economy. The role of the financial sector in causing financial instability, short-termism and wealth inequality is much better understood, and new public institutions from a national investment bank to regional economic government and a new digital regulator are now on the table. (news.financializer.com). As reported in the news.