On The Alleged Pains Of The Strong Euro
Since its most recent low of $1.20, reached in the heat of the summer of 2012, the euro has appreciated by 15 percent against the
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Since its most recent low of $1.20, reached in the heat of the summer of 2012, the euro has appreciated by 15 percent against the
“What a commentary on the state of twentieth-century capitalism,” mused “motivational speaker” Jordan Belfort as he looked back on his life of fraud, sex, and
I grew up in Texas where state and local judges are elected, not unusual in the United States. In most states minimum legal qualifications are
It is quite interesting to see how popular myths can live on in the public’s mind and continue to cause harm and irritation even when
After taking a short breather in late January-early February, the markets now seem to be back in ‘happy mode’. Whether the news on the economic
If you ever wonder what’s fueling America’s staggering inequality, ponder Facebook’s acquisition of the mobile messaging company WhatsApp . According to news reports yesterday, Facebook has agreed
The US Federal Reserve is being widely blamed for the recent eruption of volatility in emerging markets. But is the Fed just a convenient whipping
Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise – slow growth and near-stagnant
The Euro area is suffering from insufficient macroeconomic stabilisation At the end of 2009 the unemployment rates of the Euro area and the United States
In his pathbreaking 2005 book On Intelligence, Jeff Hawkins proposed an alternative paradigm of how the human brain works. In his view, the brain is not
Recent months have seen President Obama make a renewed push to address inequality in the U.S., especially via one policy lever he has focused on
The World Trade Organization’s ministerial conference in Bali in December produced a modest package of encouragements to global trade. More broadly, the WTO’s multilateral approach has shown
Inequality Nightmare – “The poor cannot sleep, because they are hungry,” the Nigerian economist Sam Aluko famously said in 1999, “and the rich cannot sleep, because the poor
Germany is now producing more coal than for twenty years. This has occurred in a society that prides itself on its concern about climate change
New inequality – From the start, policy responses to the 2008 financial crisis were colored by memories and interpretations of the Great Depression. The conventional
Some ideas are intuitive. Others sound so obvious after they are expressed that it is hard to deny their truth. They are powerful, because they