Economy

What are the potential effects of a presidential system on the economy?

Economy - DS

If the ‘yes’ vote wins in the April 16 referendum to reform the antediluvian constitution and governing system in Turkey, it will pave the way to boost the country’s economic growth Selim Yaman Daily Sabah Turkey is going to vote on whether or not to create a presidential system on April 16 as part of the constitutional referendum. The new system… What are the… Read More »

The Economy Is The Real Endangered Species

Economy - The DC

In just eight years, the Obama Administration issued some 22,700 new regulations – many between election day and President Trump’s inauguration. Paul Driessen The Daily Caller Among those last-minute rules was the U.S. Fish & Wildlife Service’s January 11 designation of the Rusty Patched Bumblebee (RPB) as “endangered,” under the 1973 Endangered Species Act (ESA). With Congress poised… The Economy Is… Read More »

Alexis Tsipras’ €100 billion problem

ATHENS, GREECE - MAY 6:  Greek Prime Minister Alexis Tsipras attends his party Lawmakers meeting inside the Greek Parliament on May 6, 2016  in Athens, Greece.    Unions called the strike to protest against pension reforms that are part of Greece's third international bailout.  (Photo by Milos Bicanski/Getty Images)

Elected on a promise to protect ordinary Greeks from austerity measures, Syriza is now struggling to implement them. Will Horner Politico THESSALONIKI, Greece — As opposition leader, Alexis Tsipras promised that “not a single house” would be taken from Greeks who can’t pay their mortgage. It’s now haunting… Alexis Tsipras’ €100 billion… Read More »

People’s Bank of China Devalues Yuan By 0.23%

Mao on yuan 1a

China again devalued the yuan, setting the rate at 6.8814 yuan per… Sputnik BEIJING (Sputnik) — The People’s Bank of China on Monday once again devalued the yuan, setting the rate at 6.8814 yuan per…The new midpoint rate is 0.23 percent weaker than Friday’s rate of 6.8655 yuan per… People’s Bank of… Read More »

Chinese wages now higher than in Brazil, Argentina and Mexico

Saur 1a

Hourly rates close in on pay levels in western laggards Greece and… Steve Johnson FT Average wages in China’s manufacturing sector have soared above those in countries such as Brazil and Mexico and are fast catching up with Greece and Portugal after a decade of breakneck growth that has seen Chinese… Chinese wages now… Read More »

‘Only capital markets can save the European economy’

Economy - Politico

Brexit has dominated European economic and political discourse for months and will continue to do so. Xavier Rolet Politico Indeed, today’s POLITICO summit is about the future of capital markets, in the wake of Brexit. Much focus has… ‘Only capital markets… Read More »

Federal Reserve minutes point to rate hike ‘fairly soon’

Janet Yellen 2b

WASHINGTON: Many Federal Reserve policymakers said it may be appropriate to raise interest rates again “fairly soon” should jobs and inflation data come in line with expectations, according to the… Reuters The Economic Times The minutes of the January 31-February 1 discussion, at which the U.S. central bank voted to keep rates unchanged, also showed the… Federal Reserve minutes… Read More »

Our miserable 21st century

21st - AEI

On the morning of November 9, 2016, America’s elite—its talking and deciding classes—woke up to a country they did not know. Nicholas Eberstadt ΑΕΙ To most privileged and well-educated Americans, especially those living in its bicoastal bastions, the election of Donald Trump had been a thing almost impossible even to imagine. What sort of… Our miserable 21st… Read More »

The Brazilian hangover: When the party ends

Brazil - Al Jazeera

It is unlikely that Brazil will be able to pursue a prominent role in the international arena before 2019. Ramon Blanco Al Jazeera News In a world inevitably multilateral such as ours, regional powers are supposed to have their share of responsibilities in order to build more plural paths towards a fairer and more peaceful international political environment. Therefore, Brazil is… The Brazilian hangover… Read More »

This skill could be key to the jobs of the future

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At first glance, it looks as though the group of young adults is building… Rael Futerman World Economic Forum But these are actually students at the University of Cape Town’s Hasso Plattner Institute of Design Thinking, and they’re using the colourful blocks to design a… It represents policy reform ideas around transitioning from informal to… This skill could… Read More »

Zuckerberg: my Facebook manifesto to re-boot globalisation

Zook 1a

Mark Zuckerberg has revealed deep-seated concerns that the tide is turning against… Kamal Ahmed BBC In an interview with the BBC, the Facebook founder said that fake news, polarised views and “filter bubbles” were damaging “common… He said people had been left behind by global growth, sparking demands to “withdraw” from the… Zuckerberg: my Facebook… Read More »

To counter populist policies world must ditch GDP obsession

Economy - Asia Times

Professor Lorenzo Fioramonti believes the the profit obsessed globalized economy needs to change by putting people and their ecosystems first Lorenzo Fioramonti Asia Times The election of Donald Trump as US President may have come as a cold shower, but it was to be expected in a world that’s increasingly frustrated with a profit obsessed globalized economy. Not only have… To counter populist… Read More »

China’s creating, not stealing, US jobs; See the EB-5 visa

Trump Asia - Asia Times

President Trump’s recent travel ban executive order and the xenophobic rhetoric that peppered his campaign show that anti-immigrant sentiment is running high in America. Carly O’Connell Asia Times Trump and his followers believe that immigrants and China are stealing American jobs. Well, I want to… China’s creating, not… Read More »

US must understand that Greek default could lead to global crisis

Greece - AEI

One has to hope that the new administration is not complacent about the latest episode in Greece’s ongoing economic crisis. Desmond Lachman AEI Unlike earlier episodes, there is every reason to think that this episode will not easily be resolved. There is also… US must understand… Read More »

Can the EU Stop Yet Another Greek Debt Crisis?

EU - The National Interest

Greek and EU leaders have to balance political reality and economic necessity. Scott B. MacDonald The National Interest At a European Union finance ministers’ meeting scheduled for February 20, Greece needs its creditors to release a €10.3 billion tranche from its 2015 bailout agreement. This is necessary… Can the EU… Read More »

Cliff Taylor: Trump’s tax package is bad news for Ireland

US dolars 1a LLLL

US president plans to increase taxes on those importing to sell into the American market Cliff Taylor The Irish Times From an Irish viewpoint, the tax debate in the US has taken a nasty… At their worst, the proposals now on the table could fundamentally change the world of foreign direct… Cliff Taylor: Trump’s… Read More »