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The geopolitics of tax dodges

Much attention lately has been placed on the massive 2.6 terrabyte leak of the law firm Mossack Fonseca’s Panama Papers The Panama law firm has helped foreign corporations and individuals set up shell companies not just in Panama but also the Bahamas, the British Virgin Islands, and other notorious tax havens around the world. Among other…

Peabody files for bankruptcy as coal industry implodes

The coal industry is in decline. In the United States, coal plants generated 29 percent of US electricity, dropping from 39 per cent in 2014, as cheap natural gas establishes itself as the nation’s favourite power-plant fuel. According to the International Energy Agency, global coal demand has stalled, largely reflecting economic restructuring in China, which represents half of…