Monthly Archives: March 2011

Hudson on The View from Europe

March 21, 2011
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Another excellent interview with Bonnie Faulkner. Topics covered: Financial and fiscal austerity policies; the appeal of economic austerity to bankers; economic depression and war; post-WWII vs. post-cold war economic policy; government to government grants vs. commercial lending; the euro and dollar; privatization in New Zealand and elsewhere; social unrest; speculation and prices; criminalization of...

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Norway's Sovereign Wealth Risk Vortex

March 18, 2011
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What does Norway get out of its Oil Fund, if not More Strategic Infrastructure Investment? For the past generation Norway has supplied Europe and other regions with oil, taking payment in euros or dollars. It then sends nearly all this foreign exchange abroad, sequestering its oil-export receipts – which are in foreign currency –...

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Norway’s Oil Fund: Is it Realizing its Full Potential?

March 7, 2011
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Norway is using its savings to buy minority stock ownership abroad, without linking its purchases to its own future development – except by receiving foreign exchange returns. It also is selling off ownership of its minerals and other natural resources, bringing in more foreign exchange on top of its oil exports.

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