Polyown Think Tank

Save Amazon Rainforest from Devastation Brazil is home to the 60 percent of Amazon rainforest also known as the lungs of the earth. Amazon rainforest borders nine countries — Brazil, Bolivia, Peru, Colombia, Ecuador, Venezuela, Guyana, Suriname, and French Guiana. It is known for its biodiversity. According to Greenpeace, there are 40,000 plants species, around 400 species of mammals and approximately 1400 different species of insects and birds. Today, this amazing wonder of nature is at risk of deforestation, loss of habitat to its various species of plant, animal, birds and insects worsened by the impact of wildfires.  Amazon rainforest has been burning since 2019 that has ruined approximately 1 million hectare of land. The fires continue to rage in 2020 soaring and destroying the environment and its inhabitants. This precious natural resource is pivotal to curb the impact of climate change as it stabilizes the climate providing food, medicines, water and wood to the reg...

Tik Tok Ban Tik Tok is in process of being banned in United States of America amid fears of surreptitious data collection of its users and sending it back to its servers back in China ruled by the Chinese Communist Party. National security has been cited as the main concern for the possible ban. The trend has followed by reviewing and banning more Chinese apps which will stifle Chinese tech and its usage in United States. Many US firms like Amazon and Wells Fargo have followed by asking their employees to remove Tik Tok from their devices especially the devices that host corporate emails. Tik Tok officials have denied claims of any infringement to security of U.S and its businesses. India has also banned Tik Tok along with 59 other Chinese apps over concerns of data breaches as cited by the Indian Ministry of Electronic and Information Technology. India has the highest number of Tik Tok users, followed by the US. Earlier, Indonesia and Bangladesh had banned Tik Tok for falling afoul ...

Pandemic and Cartel   Shortage of supplies and surge in prices of essentials goods is a rising phenomena since the outbreak of corona virus pandemic. Suppliers of essential goods and other products see this pandemic as opportunity to create cartels and manage the supply and prices of goods. There needs to be a push by regulators and law enforcement to ensure market division and distribution.   The European Commission is of the view that “ global cartel enforcement can benefit from the complementing the two main enforcement models.” One of the enforcers and second of the prosecutors; where enforces decision is final and prosecution is certified in court.  Cartels and other anti-competitive behavior will result in a rise of leniency applications to competition authorities, globally, along with a rise of criminal cartels looking to build up both financial and political capital. Mexican cartels are reported to show their charitable side ...

Corona Virus and Oil    U.S. Crude oil prices declined to negative following a deflationary trend due to higher supplies and lower demand amid corona virus pandemic. Further production cuts will destabilize the oil industry resulting in bankruptcies because of failure of companies to meet debt repayments. Government intervention will make the industry sustain its losses and stabilize the industry, however, that will not be adequate as the entire way of doing business has altered just after a few months of emergency measures post-corona virus outbreak, globally. Future trading in oil is bound to take a hit and markets will return to their course only if certainty emerges out of the global Covid-19 pandemic. At Polyown Think Tank, we would like to interact with our readers, please leave your valuable comments and tell us what you think, is the future of oil market post corona virus pandemic.

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