In a few days, two major agreements have been concluded between, regarding the first one, the three quarters of the world population and for the other one countries producing more than one third of the total oil extracted in the world. In New York, during United Nations General Assembly, it has been recorded that a sufficient number of countries has ratified the Paris Agreement, concluded at the end of COP 21, to permit to it to enter in application. In the same time, in Algiers, leaders of OPEC reached an agreement to cap their production. Fossil fuels combustion is the ...

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Every summer, central bankers and a clutch of economists gathered at Jackson Hole, the American Chamonix, in the Rocky Mountains. This time, attention was focused on Janet Yellen speech and her indications on next interest rates increases. We didn’t learn more because, following her habit, she procrastinated. But the debate about monetary policy role passed quite unnoticed. It is regrettable because it has become the main instrument of the economic policy, which is not anymore in government hands, since central banks got their independence. Highly indebted states, refusing to increase their budget deficit, relied on the decisions of their ...

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International media made large reports about the political crisis which shakes Brazil and which goes through developments for, now, six months. Next Sunday, a first vote by deputies will, probably, initiate the process which may lead to the impeachment of the president, Dilma Rousseff. She is blamed on account of a deceptive presentation of the country public accounts. This target has been chosen by her adversaries because it permits to start the procedure without any judiciary decision. But the real purpose is its role as president of Petrobras when severe corruption acts have been committed by managers which have already ...

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