Citigroup’s chief economist, Willem Buiter, sees a storm brewing in China. He estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.
Beijing’s air quality is thanks in large part to coal-burning.
Lead writers of Citigroup’s new note attacks “one of the most unassailable assumptions in global energy”—the forecast that China’s coal consumption will grow wantonly over the next two decades. By extension, it challenges apocalyptic climate change forecasts.
In approximately 50 years there will be no smokers in the developed nations according to Citigroup.
Citigroup estimates that within approximately 50 years there will be no smokers left in developed nations. We list the date smoking will die in 18 different countries from the UK to New Zealand.
Freddie Mac received $50.7 billion in government bailout funds
How much does the public value corporate leadership? Harris Interactive’s latest corporate reputation survey, which measures how Americans view some of the world’s largest companies, suggests that a firm’s brand is even more closely tied to its leadership than many would assume.