In a campaign dominated by serious domestic policy concerns, perhaps it’s no surprise the only person asking the presidential candidates about the greatest threat to global financial stability is a comedian. Until Tonight Show host Jay Leno raised the European debt crisis with President Barack Obama last week, the Eurozone was almost completely absent from the presidential […]
Two historically momentous events will unfold in the next few days. The Americans will decide who will run their country for the next four years, and the Chinese Communist Party will bring in a new leadership that would be responsible for shaping the world’s second-largest economy for the next decade. While there is little similarity […]
It is time for economists to admit that they are stumped. Four years after being blindsided by Lehman Brothers’ collapse, the profession is still stumbling in the dark. Policymakers and pundits still make confident pronouncements, but the conclusions are radically different. The expert disagreements give away the truth: ignorance reigns. Read Here – Reuters
Big fishing concerns are engaged in “ocean-grabbing,” plundering the seas while scoffing at the environment and local interests, the UN’s food watchdog said on Tuesday. In exceptionally sharp words, the United Nations’ special rapporteur on food, Olivier de Schutter, said the interests of smaller fishermen, local communities and sustainable fishing were threatened by long-distance, industrial-scale […]
Hurricane Sandy’s pummeling of the eastern United States has already thrown the presidential campaign off course and disrupted early voting in several states, but could she be the deciding factor in this election? Political scientists have found that bad weather on Election Day typically benefits Republicans, but how much Sandy will affect voter turnout on November 6 remains a mystery. […]
Predictions of the date may differ, but the general consensus on Japan remains the same. In a matter of just three to 10 years, the world’s third-biggest economy may start running out of the savings needed to fund its massive public debt. Is it time to start selling yen, or are the doomsayers off target […]
October is a scary month. And it’s not just Halloween. October also happens to be the anniversary of the Cuban Missile Crisis. And if the ghosts and goblins don’t make you wet your pants, the thought of Khrushchev, Kennedy, and Castro dancing on the edge of nuclear war should. During the Cold War, the United […]
IS HURRICANE SANDY capable of altering the election result? The presidential candidates are hunkering down and trying to avoid looking partisan as this big, wet storm heads for the eastern seaboard. But any number of calculations are being made by the campaigns. Plausible arguments are flying, explaining why this storm is bad news, or is […]
Hurricane Sandy’s economic toll is poised to exceed $20 billion after the biggest Atlantic storm slammed into the Eastern U.S., damaging homes and offices and flooding subways in America’s most populated city. The total would include insured losses of about $7 billion to $8 billion, said Charles Watson, research and development director at Kinetic Analysis […]
For those in favor of immigration reform, it might have been a relief that the presidential candidates spent more time describing how workers overseas are stealing American jobs than they did accusing foreign workers of stealing jobs right here in the U.S.A. But the status quo on immigration apparently supported by the candidates isn’t nearly […]
