Recently, the Japanese government announced that thepopulation decrease for 2012 is expected to be 212,000—a new record—while the number of births is expected to have fallen by 18,000 to 1,033,000—also a record low. Projections by the Japanese government indicate that if the current trend continues, the population of Japan will decline from its current 127.5 million […]
U.S. stocks rallied, sending the Dow Jones Industrial Average above 14,000 for the first time in five years, as data on the labor market and manufacturing boosted confidence in the world’s biggest economy. “You’re going to see this economy driven by capital being put to work,” Robert Lutts, president and chief investment officer of Cabot […]
With bipartisan momentum mounting for comprehensive immigration reform, cautious optimism has emerged that 2013 will be the year for action. Most Americans agree that our immigration system is flawed, but there remains a lack of understanding about the real effects that new immigrants have on wages, jobs, budgets, and the U.S. economy in general. Two […]
The nature of world politics has changed more rapidly in the past four years than anyone expected. From the fall of the Berlin Wall up to the financial crisis of 2008, the United States had enjoyed a unprecedented period of hegemony. A decade ago, the US defense budget by itself was larger than the combined […]
U.S. President Barack Obama’s second inaugural address is now history. It has been labeled “progressive,” “partisan,” “one of the best ever” and “pedestrian.” Whatever the positive or negative take on its content, the speech was largely about America’s domestic concerns. The limited internationalism highlighted in the speech lacks significant support from the American people, especially those who […]
The general mood was at its most upbeat since January 2007, when the financial system was as frozen as the Davos streets. Relief that most experts judged the financial crisis to be over at last outweighed concern that economic growth and job creation seems likely to remain sub-par for the forseeable future. (Christine Lagarde, boss […]
President Barack Obama’s nomination of Senator John Kerry to be secretary of state won approval today from the Senate Foreign Relations Committee. The panel’s action by voice vote sends the nomination to the Senate floor, where a final vote is scheduled for later today. Kerry, a Massachusetts Democrat who is chairman of the committee, showed […]
Since Yair Lapid and his Yesh Atid party’s surprise showing last week in Israel’s elections, there has been an outpouring of commentary about a new dawn in Israeli domestic and foreign policies. Prime Minister Benjamin Netanyahu, whose Likud, in conjunction with Foreign Minister Avigdor Lieberman’s Yisrael Beitenu party lost a combined eleven seats in the Knesset, […]
Britain’s economy is a riddle wrapped in a mystery inside an enigma, but this much is clear: it’s a disaster. After its Olympics-fueled growth, such as it was, lifted it out of recession in the third quarter of 2012, Britain might be headed back after its economy fell 0.3 percent at the end of the year — the […]
Two fundamental beliefs have driven economic policy around the world in recent years. The first is that the world suffers from a shortage of aggregate demand relative to supply; the second is that monetary and fiscal stimulus will close the gap. Is it possible that the diagnosis is right, but that the remedy is wrong? […]
looking beyond borders 