Business

Jeb Bush warns robots taking US jobs is not science fiction

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Former Florida Gov. Jeb Bush said Sunday that people “should be marching in the streets” to demand changes to “antiquated” education systems that… DANIEL CHAITIN Washington Examiner “The looming challenge of automation and artificial intelligence and the rapid advancement of technology brings great benefits but also creates huge challenges,” Bush… The threat of a… Jeb Bush warns… Read More »

China’s yuan a long way from challenging almighty dollar

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IMF’s renminbi disclosure shows currency has only small impact on global foreign-exchange… TOM BUERKLE Asia Times When Deng Xiaoping set China on the course of market-oriented reform nearly 40 years ago, he called his pragmatic and incremental approach “stepping on stones to cross the… The Chinese currency’s much-ballyhooed entry into global finance has landed on a… China’s yuan a… Read More »

Oettinger tells EU27 to expect to cough up after Brexit

Günther Oettinger 1a Sean Gallup Getty Images

European Budget Commissioner Günther Oettinger said European countries would have to pitch in at least half of the United Kingdom’s share in the EU budget after… LAURENS CERULUS Politico “I could imagine that we try to economize a part and that the remaining 27 member countries agree upon how to contribute the remaining amount,” he said, according to… Oettinger tells EU27… Read More »

Serious Tax Reform Will Come to DC This Year

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Congress has backed itself into a… Grover G. Norquist The National Interest Substantive tax reform will pass in… Its outlines are clear and the details are… Keep in mind that the tax-reform package will be passed through the reconciliation process, which requires that changes not increase the deficit in years eleven to… Anything goes in the… Serious Tax Reform… Read More »

The Demise of the Anatolian Tiger

Turkish Lira 1a Reuters LLLL

Turkey’s Struggling Economy Turkey’s economy is suffering badly amid the country’s political… By Maximilian Popp Spiegel Investors have lost confidence, tourists are staying away and the lira is rapidly losing… President Erdogan hasn’t grasped the severity of the… Until recently, Haci Boydak was a… The Demise of… Read More »

No, wealth isn’t created at the top. It is merely devoured there

Money - The Guardian

Bankers, pharmaceutical giants, Google, Facebook … a new breed of rentiers are at the very top of the pyramid and they’re sucking the rest of us dry Rutger Bregman The Guardian This piece is about one of the biggest taboos of our times. About a truth… No, wealth isn’t… Read More »

The Trump Administration’s Potentially Constructive Objectives for NAFTA

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After a campaign in which presidential candidate Donald Trump(link is external) vilified the North America Free Trade Agreement (NAFTA) as one of the worst trade deals in history, the… Jeffrey J. Schott (PIIE) Photo Credit: REUTERS/Eric Thayer In a few areas, as expected, new US goals sharply deviate from past US practice and the provisions of the… These need clarification and… But in a draft letter… The Trump Administration’s… Read More »

The Bigotry of “Intersectionality”

Gatestone Institute

There is no more evidence that Jews are responsible for economic or social inequality in contemporary America, than there was for Jews being responsible for any of the other crimes that… Alan M. Dershowitz Gatestone Institute Indeed, Jews disproportionately support racial equality and other liberal causes. Most successful Jews… The Bigotry of… Read More »

Education Doesn’t Solve the Gender Pay Gap

Gender pay gap - Atlantic

For women in professions that require advanced degrees, such as dentists and physicians, discrepancies in pay are becoming harder to explain. Bourree Lam The Atlantic In recent decades, women have been making significant headway in becoming dentists, doctors, and lawyers—professions which require a significant amount of education and postgraduate training. According to some… Education Doesn’t Solve… Read More »

New York’s Fearless Girl statue to stay on till March 2018

Statue - BBC

The globally popular statue of a young girl staring down Wall Street’s iconic bull will stay in place until next March, New York’s mayor has said BBC News Bill de Blasio said the relevant municipal agencies had backed the idea. The bronze Fearless… New York’s Fearless… Read More »

One Nation and the rise of fascism

Fascism - IA

Like Hitler, One Nation employs conspiracy theories to create divisions and fuel the rise of fascism in Australia, says John Passant. John Passant Independent Australia BACK IN 1998, I wrote an article for the Canberra Times arguing that One Nation was an organisation that had the potential to become fascist. I argued that… One Nation and… Read More »

Third of Australian youth have no job or are underemployed, report finds

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Youth jobless rate rises to 13.5% and underemployment to 18%, hitting highest level in 40… Helen Davidson The Guardian Almost one-third of Australian young people are unemployed or underemployed, the highest level in 40 years, according to a… The rate of underemployment – now at 18% – has become an entrenched feature of the… Third of Australian… Read More »

Investment in Africa: There’s room for everyone

Africa - Al Jazeera

What African countries want are partners who are in it for the long haul and can deliver the best return on investment. Rosa Whitaker Al Jazeera News China is not “moving relentlessly across Africa”. Despite what Peter… Investment in Africa… Read More »

This 50 Year-Old Economics Book Helps Explain the Corporate Republic We Live In

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Revisiting my father’s great work of theory can help us figure out what will take the place of faith in the free… James K. Galbraith The Nation The New Industrial State was my father’s great work of theory. First published in 1967, nearly a decade after the triumph of The Affluent Society, The New Industrial State went beyond criticism of… This 50 Year… Read More »

Solutions for tumultuous times

Global Issues - Al Jazeera

To tackle global threats such as climate change, conflict and disaster, we must join forces and take collective action. Cihan Sultanoglu Al Jazeera News These are infinitely complex times. From the refugee… Solutions for tumultuous… Read More »

Why denying refugees the right to work is a catastrophic error

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It’s not just fleeing conflict that makes victims out of refugees – it’s also denying them the means to become autonomous and… by Paul Collier and Alexander Betts The Guardian From the 1980s on, a dominant international approach has been taken towards the majority of the world’s… Concentrated in a small number of host countries, close to… Why denying refugees… Read More »