Category Archives: Economy

Shale Gas In Europe: Preserve Or Consume?

shale gas

The industries have got a boost with Shale Gas slicing the cost of natural gas by as much as 65%. This reduction in costs has consolidated the industries but also poised challenges for the industries across the globe. The closest competitor being the Industries in Europe have been affected adversely by this added advantage to the US industries. Companies are refraining from investing more money as the labor and natural gas both cost more than the competitors.

European Chemical Industry faces severe threats to the extent where their survival is at stake. Petro-chemical industries attract major investments in the present market scenario. In such competitive market the natural gas costing to the US has reduced from 12$/MBTU to 3$/MBTU whereas the costing for natural gas which is the life and blood of the industry has been oscillating between 8$/MBTU – 11$/MBTU. Such a huge price differential definitely attracts investment in favor of the US companies. US companies have undertaken mass production owing to reduced costs and thus have hence far established their supremacy on both the vital fronts viz. Costing and Quantity.

Collaboration Of Industry, Academic And Government Could Be Game Changer For Economy

Collaboration Of Industry, Academic And Government

With the rapid progression of technology advancement, it is arguably that innovation is vital for the economy progress. There is much research going on in different universities across a range of different subjects like material science, renewable energy, medical technologies and the Big Data. If we need to ensure that innovations grow into commercial products that have the capability to create jobs as well as services, collaboration has to be sought out between the government, the industry and the academia for the innovation process.

If this succeeds then it will certainly prove to be a game changer for a country.

The federal government has a key role to play in the funding of basic research and to align it with the needs of the public while the private industry has the primary responsibility to deliver as per the federal investment. For the universities it is crucial to move the discoveries and the ideas from the game house to the real world in order to fulfill their mission and to make way for a successful future for the university.

Sustainability Investing – The Process To Staying Together ?

Investment Sustainability

There are many people who like to stay in harmony with the nature but in the case of people who does not find it worth. Since they found that the industry, though finds to be helping people will harm the nature and this leads to find no harmony. This makes us find a way of investing where social responsibility also takes its place. Living together in harmony needs some investment which is termed with the help of ESG investing (environment, social and governance investing) which helps to gain harmony. There are several people who have their own view about the investing and plan to improve it in their own way.

When the term of staying in harmony with the nature is put in 66 CFA Institute Conference in Singapore, which was headed by Glenn K. Silverman, the Investing Solutions chief investment officer says that people are emotionally attached to the nature and it is important to take care of the nature to improve productive harmony. Though I am not an environmentalist, I always want to make sure to have safe clients say Mr. Silverman.

Sharing Global Information To Curb Financial Tax Evasion

Global Tax Treaty

People usually have the right to get a foreign account for themselves to make the savings and the information about the account will not be given to anyone. This makes people to have all the information safe but they in turn have to pay tax for even a foreign account. In such cases, it is imprinted to know that people can make use of the system where the company or the financial place like bank can share its information with the government so that the tax paid to them will be reduced.  Out of all the nations, only the leading nation has decided to have the facility to get and share all the financial information from one country to another to know about all the account holders of the country who have an account in foreign back. Though this sounds good as people need not have to pay the tax to set an account in a foreign country, they might get into a problem as they will be having money which might need to pay the income tax for their own country.

The work has been signed by countries like UK with USA but the only country staying out currently is Switzerland as they state that the information should be secured in the bank and giving out the information might lead to customer dissatisfaction. The Organization for Economic Operation and Development which involves 34 nations in it says it is important to give the information and keep a clear flow of the information so that individuals won’t have to pay the tax for having an account in any country.  But Switzerland has a differing opinion. They say that they won’t bow to this deal as the customers of the bank or other financial places have their account as they find them to be more secure and exchange of information might make them less the confidence in these people. The other aspect is that the Swiss law makes has refused the deal and says they don’t like to bow to any of USA deals.