January 15, 2014, 11am PST
The publicly held and managed wealth generated by Norway’s taxation of oil and gas extraction now equates to one million Crowns (about $162,000 USD) per capita. Norwegian law only allows the government to draw minimally from this fund every year.
February 18, 2011, 1pm PST
Cities' financial challenges are leading directly to fundamental governance challenges, including questions that are not normally part of budgetary discussions. The consequences for city life and municipal functions may be substantial.