Mindblown: a blog about philosophy.
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Central banks consider policy changes as inflation surges
Inflation has been a hot topic in the global economy recently, with central banks considering policy changes to address the surging prices in key industries. As economies recover from the COVID-19 pandemic, demand for goods and services has increased, leading to price increases in areas such as housing, food, and energy. Central banks are responsible…
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Delayed 2020 Olympics a $20 billion millstone around Japan’s neck
Expected economic boom now a distant memory as controversial games due to start It should have been a moment of glory for Japan, as is normal for the host country of the Olympic games. Instead, it has become an economic tragedy that Japan’s populace wishes wasn’t happening. Japan’s biggest company, Toyota, is one of thirteen…
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Emerging markets v. developed markets after Covid-19
These are strange days across all the markets. Developed markets coped with the global pandemic better than most financial analysts forecasted. Now, with vaccine programs being successfully rolled out and government stimulus packages helping businesses recover, developed markets are buoyant. The story is different for emerging market. Some analysts began this year forecasting a bull…
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Minimum global tax rate faces China test
Despite being compatible with China’s objectives, the minimum tax rate for large corporations may not receive Beijing’s support Despite being that rarest of things, an opportunity to satisfy both the U.S. and China, the attempt by the G7 group of nations to set a global tax rate minimum may not receive the support of the…
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The increasing ransomware threat to industry
The recent ransomware attack on Colonial Pipeline has highlighted the increasing threat of cybersecurity attacks on businesses and infrastructure. The pipeline that was forced to shut is the equivalent of a major artery that feeds the fuel-hungry East Coast of the United States. The pipeline system, which runs from Texas to New Jersey, supplies nearly…
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Suck it and see: the rise of Sir James Dyson
Sir James Dyson recently moved his residency from Singapore back to the U.K, as one of the best-known supporters of Brexit comes home. Sir James has risen to be one of the U.K’s richest men, and it all started with some sticky tape and some cardboard. The idea that made his name struck him one…
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Bill Gates divorce – $2.4 billion in stock transferred to Melinda Gates
Bill Gates has transferred stock valued at nearly $2.4 billion to Melinda Gates as the couple begins dividing their wealth after filing for divorce. Melinda Gates filed a petition for divorce in King County, Washington, in which she said that her marriage to Mr. Gates was irretrievably broken. The stocks include shares in a Coca-Cola…
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Apple to grow trees as it aims for carbon neutrality
Apple has announced a $200 million initiative that will see it invest in timber-producing forests, which will be carefully managed to remove carbon from the air, whilst at the same time being run as a profitable enterprise. This can be seen part as of an overall strategy which Apple announced last year whereby the company…
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Jeff Bezos supports corporate tax increase
Amazon’s founder and former Chief Executive has voiced his support for increasing taxes on U.S. businesses. The world’s richest man – according to the recently published Forbes list – has said he agrees with President Joe Biden’s push to raise the corporate tax rate from 21% to 28%. The tax hike is set to fund…
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Is Tesla a good investment?
Tesla’s Chief Executive Elon Musk has always been a colorful and controversial character. Yet even although his best efforts sometimes look like they are geared towards disrupting his car manufacturing business, under his guidance the firm seems to be going from strength to strength. Since taking over in 2008, when electric vehicles still seemed a…
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