Most people are aware of the food crisis that the world is currently in the midst of. While the world population is rising (~6.0 billion at last count), an increasing amount of land is being set aside for industrial uses. Even in agricultural land, a substantial part is used for cash crops, and contributes nothing to satisfy human hunger. There are two aspects to this – people want to get out of poverty, which requires growth through industrial development, and this hunger for prosperity is indirectly leading to an unsatisfied hunger, of the kind that the word hunger was originally designed for.
A middle path to this seemingly impossible choice between life and a good life is vertical farming.
President Obama announced his country’s support to India for permanent membership on the United Nations Security Council but did add that something would be expected in return. At the same time it is likely that there will be opposition to India obtaining a seat.
So what do you think? Will India get a seat at the UNSC with American backing?
I have this theory – book value of equity should never grow by the profit each year, in fact there should be no net profit at all. Look at it this way, the price of any product/service can be broken down into its constituent costs/value additions. The balance amount is called business profit. However, there mostly is no direct tangible contribution by the owners of the enterprise for taking this share. The jobs executed by an owner/part-owner (Chairman, CEO, etc.) should be treated as services rendered by an employee of the firm independent of his/her ownership in the firm. All the contribution as an owner is at the overall company level, whereby he/she should be rewarded for the risk carried as stake-holders in the enterprise. However, this is something that cannot be quantitatively priced-in.
Traditionally, Central banks control and help the economy by controlling interest rates. But today, the Federal Reserve is going to use an unorthodox method of pumping money into an economy, in order to jump start job growth.
Under the disguise of “Quantitative Easing”, the Fed will buy long-term government bonds and pump an equal amount of cash into the economy. You can read more about QE here.
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