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Hedging prevents airfares from tracking European jet fuel costs

Andrew Bonnington, editorial director for European and African Oil, discusses why airfares have not fallen in line with jet fuel prices, with Philippe Casey from the jet fuel desk. As the public outcry for lower airfares grows, Andrew and Philippe examine why hedging in the paper market prevents certain airlines from benefiting from the price decli [...] Read more ...

via Platts
28 Jan 2015

Greece Begins The Great Pivot Toward Russia

Which naturally means that now Russia (and China) are set to become critical allies for Greece, which would immediately explain the logical pivot toward Moscow. Most displeased, especially since the liquidation sale of Greece is part of the Greek bailout agreement: an agreement which as the Troika has repeatedly stated, is not up for renegotiation. Read more ...

via Zerohedge
28 Jan 2015

The rich

Last year 12m people in the world had $1m or more in investible assets. That is 1m more “high-net-worth individuals” than in 2011. After falling in two of the [...] Read more ...

via Economist
28 Jan 2015

Europe’s Jihadi Generation

In the wake of the attack on Charlie Hebdo in Paris and the thwarting of an attack in Belgium, Europe needs to understand why second- and third-generation immigrants are susceptible to the blandishments of terrorist organizations. The reason is simple: European citizenship has not translated into social and economic inclusion. Read more ...

via Project-syndicate
28 Jan 2015

Europe Gets A Cyber Security Incubator

London's crowded startup accelerator scene is getting a new addition. Not fintech-related, this time -- rather the focus is cyber security. The Cyber London (CyLon for short) 12-week program, has been co-founded by Alex van Someren of VC firm Amadeus Capital Partners, along with Jonathan Luff and Grace Cassy, co-founders of strategic technology con [...] Read more ...

via Techcrunch
28 Jan 2015

Free Virtual Ticketing Lottery

If you are new to Virtual Ticketing and you don't have a publictheater.org account, you will need to create one. Specific locations are not available through Virtual Ticketing. An email will be sent to you after 12pm (noon) letting you know if you have or have not been selected to receive tickets. Please note that there is no lottery for our openin [...] Read more ...

via Publictheater
28 Jan 2015

The Eurozone Needs More than QE

Although the European Central Bank has launched a larger-than-expected program of quantitative easing, even its advocates fear that it may not be enough to boost real incomes, reduce unemployment, and lower governments’ debt-to-GDP ratios. They are right to be afraid. Read more ...

via Project-syndicate
28 Jan 2015