Pirates, fish and Somalia
Posted on November 1, 2008 - Filed Under Economy | 4 Comments
It is a litle bit strange, but fish and pirate has become a pair of words that belong together. We now longer have pirate ships, we have pirate trawlers. The question is, what links the words pirate and fish with Somalia?
The media has been full of report of pairates off the coast of Somalia. [...]
Is it a real crisis?
Posted on October 18, 2008 - Filed Under Economy, Russia | Leave a Comment
I must admit that I have seen this financial crisis unfold. I have had mixed feelings. On one hand, I have not lost any sleep over giant banks and rich financiers loosing some of their clout and some of their money. Also it is good for the poor that oil prices are falling. On the [...]
Norway must aid Iceland
Posted on October 6, 2008 - Filed Under Economy, European union, US election, Uncategorized | Leave a Comment
Iceland has major financial problems. The currency is in free fall, and interest rates rises sharply. Iceland has already nationalised the third largest bank in the country.
This has triggered a debate in Iceland about EU membership and adoption of the euro as currency. I do not not have strong opinions about how Island should arrange [...]
Russia increases export duties – thats smart
Posted on May 24, 2008 - Filed Under Economy, Russia | Leave a Comment
The Russian Federation has increased the export duties on timber. This shows that the Russian government has understood a few basic about the economy that most of western and Norwegian economists has allowed to be forgotten.The forgotten lesson is that no country can get rich by exporting raw materials and importing finished goods. This [...]