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Johnny Cash English
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Johnny Cash
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News and current affairs
For a very low cash outlay - and perhaps none at all on balance - we could conserve nature and thus protect the basis of our own lives and livelihoods.
Until now, Russia has cared less about a new PCA than the EU, because two-thirds of Russia's exports to the Union comprise natural resources, which bring in cash even without the strong rules that a PCA provides.
There are already institutions within Europe, such as the European Investment Bank, that could help finance needed investments in the cash-starved economies.
Starving farmers, if unassisted, may return to cultivating a very reliable cash crop: the opium poppy, long a staple of the warlord economy.
But, given the pressures of poverty and the lure of cash, what does it take for people to be able to make a genuinely free and informed choice about selling something as significant as a right to land?
One day, the country is on the brink of a double-dip recession; the next, it is on the verge of a turbo-charged recovery, powered by resilient consumers and US multinationals starting to deploy, at long last, their massive cash reserves.
It reached this zenith by surpassing cash-strapped Russia - long its only rival as a mass imprisonment society - after Russia released thousands of inmates so as to save money.
To be sure, inflation is difficult to bring about when short-term interest rates are near zero - and thus cannot be reduced any further without inducing massive hoarding of cash.
It can ask the central bank for help and sell some of its assets for cash.
But it should have been disbursed directly in cash to the most needy Russians: pensioners whose earnings plummeted due to inflation and economic contraction.
If this had been done, Russians would have fondly remembered receiving cash aid from the international community rather than blaming it for transferring funds to corrupt leaders.
It involves three steps: raise money from the globally rich, do not deal with governments, and transfers funds in cash to the poor.
The T-bills could be sold to the ECB at any time, making them tantamount to cash; but, as long as they yield more than deposits with the ECB, the banks would find it advantageous to hold them.
Just as banks are hoarding cash, households will try to preserve wealth by increasing their saving.
Farmers will be able to buy inputs, either out of their own cash, or by borrowing against their improved creditworthiness.
By building up savings over a few years, the farmers eventually become creditworthy, or have enough cash to purchase vitally necessary inputs on their own.
People tend to pay cash for goods and services, however costly.
Africa's cash-based economy has in the past constrained development.
Even though Wangari lives in Kenya's capital, she is able to reap hundreds of dollars a year in profit from cash crops grown with the help of relatives.
Rising house prices also allowed homeowners to refinance their mortgages, obtaining additional cash to spend on other things.
And, with unemployment stubbornly high, many households are saving in order to have additional cash if they should lose their job or be put on shorter hours.
But cotton potentially offers the best payback, because it has cash value on the international market and can be stored for long periods of time.
While it relies on profligate subsidies and cash handouts, Thaksinomics also banks on structural reforms to propel economic growth.