Income inequality is "a serious economic and political issue," Eswar Prasad, author of the book "The Dollar Trap", said this morning on the MoneyBeat show.
Farm Bill David Rogers reported yesterday at Politico that, “Falling commodity prices and a new farm bill are adding up to a wild ride for those charged with predicting government expenditures for agriculture over the next five years. “That’s the bottom line of a new analysis released Thursday that averages as many as 500 outcomes but […]
After holding policy steady for months as the country’s disintegrating political situation took its toll on the economy, the Bank of Thailand finally reached its breaking point Wednesday, cutting overnight rates by a quarter-percentage point in a closely-contested vote.
By Ironman at Political Calculations: On Monday, 10 March 2014, the word on the street was that China's exports to the world had plunged, which sent U.S. stock prices lower during the day. Here's the basic information as reported by USA Today: NEW YORK - Hurt by a weak reading on trade in China and tepid growth in Japan, U.S. Show More Summary
Sadly, the American middle-class has recently suffered some major setbacks in its attempt to regain economic stability. Still struggling in today's economy, the American people deserve strong leadership from President Obama. Unfortunately,...Show More Summary
Ahead of a referendum vote which could bring Crimea under greater Russian control, Moscow State University political economy professor and prolific author Aleksander Buzgalin explains the historic relations between the Crimea region of Ukraine and Russia to The Real News Network.
Do voters in Northern Ireland really rate the economy as more important than the constitutional debate? NICVA conclude that there may be a difference between what people say and what they do. And there are a number of ways to read this...Show More Summary
UKRAINE’S problems are not just political. In recent weeks its economy has taken a hammering. Until mid-January its currency, the hryvnia, was fixed at 8:1 with the dollar; it now trades at about 10:1. The government has recently issued short-term debt at interest rates as high as 15%; this year its bonds have done about as badly as Venezuela's. Show More Summary
Budget Damian Paletta reported in today’s Wall Street Journal that, “The White House offered a tax and spending plan Tuesday that was largely absent of lofty new policy goals, acknowledging the limited ambition of both political parties to renew a fight over the budget with midterm elections looming. “President Barack Obama’s $3.9 trillion budget for the […]
ByHarlan Kessler: Financial markets in Turkey woke up to an unanticipated day on December 17, 2013. There was a probe shaking the country, as prosecutors and police started an investigation which targeted local businessmen and the sons of three ministers, accusing them of being involving in a bribery and corruption case. Show More Summary
VATICAN CITY — Pope Francis has once again made politics personal, tapping his own private secretary to be the No. 2 in the Vatican’s new economy secretariat. Monsignor Alfred Xuereb had been the deputy private secretary to Pope Benedict XVI and stayed on to become Francis’ main aide when Benedict retired. Show More Summary
Farm Bill DTN Ag Policy Editor Chris Clayton reported late last week that, “Farmers won’t sign up for new farm programs until their 2014 spring crops are in the bin next fall, Agriculture Secretary Tom Vilsack said Friday.” The article indicated that, “Under the timeline laid out by the secretary, producers who grow crops such as […]
Via Monty Pelerin's World blog, The plague of our time is Keynesian economics. It has destroyed the economics profession and enabled the political class to obtain powers never intended. Keynesian economics provided the intellectual cover for the criminal class we politely call “government” to plunder its citizenry. Show More Summary
Aditi Bagchi (Fordham) has a new paper on SSRN, The Political Economy of Regulating Contract, forthcoming in the American Journal of Comparative Law. From the abstract: Contracts can be regulated through either ex ante mandatory rules or ex post default...
George Packer sees the “invisibility of work and workers in the digital age is as consequential as the rise of the assembly line and, later, the service economy”: [T]he sheer size of the tech giants, and the economic and political power that comes with this, generates much less skepticism than Rockefeller and Morgan ever inspired. One reason, […]
The latest New York Times/CBS poll has interesting nuggets. President Obama remains in the doldrums with only 41 percent approval and a significant margin disapproving of his handling of the economy (57 percent) and foreign policy (48 disapproval to 39 percent approval). Show More Summary
A new piece by Aditi Bagchi on SSRN. The abstract: Contracts can be regulated through either ex ante mandatory rules or ex post default rules. Most explanations for why particular classes of contract should be regulated in one manner or...
Riad Salameh, Governor of Lebanon’s Central Bank said that the country is capable of improving its economic situation provided that security and stability are secured. “Thanks to its banking sector, Lebanon has the capacity to grow [economically] because the available liquidity enables it to encourage investment and consumption, provided that a better political and security […]
Summary: Our neighbors to the south operate an underrated emerging economy, looking to take large strides out of corruption, violence, and self-destruction. With radical political and economic changes occurring in the last two years, Mexico is now legitimately poised to transform into a modern marketplace with enormous consumer potential and marketing possibility.