In 2015, the legal marijuana industry in Colorado created more than 18,000 new full-time jobs and generated $2.4 billion in economic activity, according to a first-of-its-kind analysis of the economics of legal cannabis in the state.
The study, conducted by the economic consulting firm Marijuana Policy Group, is based on two years of sales numbers from the state of Colorado. It measured both the direct effects of legalization — including close to $1 billion in retail sales in 2015 — and the industry’s spillover effects on the Colorado economy.
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Time For Truth: (The Washington Post) – The marijuana industry created more than 18,000 new jobs in Colorado last year
The last time sterling fell off a cliff we were in the midst of global financial crisis from 2007 to 2008. The currency shock sent inflation shooting up to 5.2pc, abruptly squeezing on real living standards.
On that occasion the poor were at least protected. Benefits and in-work tax credits were indexed to inflation. Social cohesion was preserved.
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Time For Truth: (The Telegraph) – Inflation: next year's ticking time bomb
World leaders need to better manage the frustration over the failure of globalization to deliver widely shared benefits, IMF Managing Director Christine Lagarde said.
While the world has enjoyed unprecedented economic progress over the last 70 years, the transformation has caused “dislocation and hardship,” Lagarde said in the text of a speech to be delivered Tuesday in Toronto.
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Time For Truth: (Bloomberg) – Lagarde Says Globalization’s Benefits Need to Be Shared by All
There are enough studies proving the benefits of meditation to individuals in improving the quality of life.
We have witnessed many times how a handful of people strongly unified by a common intent can profoundly influence a larger group of people. Great global movements for peace, from Martin Luther King Jr. to Mahatma Gandhi, have always begun with a coming together of people who want peace for the greater good.
The Republic of Ireland’s Cabinet meeting to discuss the European Commission’s decision that Ireland granted undue tax benefits of up to €13bn (£11bn) to Apple has been adjourned.
Finance Minister Michael Noonan said the Irish government will appeal the ruling.
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Time For Truth: (BBC News) – Irish Cabinet meeting about Apple tax ruling adjourned until Friday