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Fuel subsidies are elitism dressed as populism. Thus, they are irresistible to politicians in developing countries.
Why? They sound like a benefit to the poor; yet, they profit the rich who drive. Somehow, lower classes think that the politicians are assisting them. The rich know the politicians have financed them. Thank you. Therefore, lower oil prices Read More Time to cut fuel subsidies
This article is an introduction to how companies can lay the foundation for long-term value creation. We will discuss three major steps they can take to achieve this goal. First, companies must develop a clear understanding of sustainable long-term value. Second, companies must have compensation plans that properly incentivize employees to create long-term value. Lastly, companies must attract investors Read More In Pursuit of Long-Term Sustainable Alpha