In The News

Michael Spence August 4, 2017
A disconnect between political dysfunction and strong economies is disconcerting. Michael Spence, Nobel laureate in economics, suggests the global economy may not be reaching its full potential. “Leaders in Europe, as well as in a number of emerging economies, have now concluded that both the UK and the US are unpredictable and unreliable allies and trading partners,” explains Spence. “Asia, with...
August 3, 2017
As the old saying goes, everyone pays the cost of crime. Costs include direct losses and indirect regulations. The Economist explains that banks are “lending less and shedding customers” due to “strict new rules on capital and liquidity” and avoiding high-risk customers and sectors. Poorest nations are most affected. “Banks in Africa, eastern Europe, Latin America and the Caribbean have been...
Chris Mooney July 26, 2017
Despite warnings from numerous scientists over the course of several decades, many people remain uncertain about climate change and the human role. A team of scientists has revised the estimate of carbon dioxide emissions that can enter the atmosphere before the planet exceeds a 2-degree Celsius rise in temperatures. “Many analyses have taken the late 19th century as the starting point, but the...
Loni Prinsloo July 25, 2017
The Chinese company Huawei, the world’s largest maker of telecom equipment, has partnered “with British money-transfer operator WorldRemit Ltd” in order to “tap into growing demand for money transfers from Africans living abroad using mobile-payments services,” reports Loni Prinsloo for Bloomberg. At approximately $36 billion, remittances are a key component of the sub-Saharan African economy,...
Peng Qinqin and Leng Cheng July 21, 2017
China’s outbound foreign investments are shrinking as the government tries to rein in debt and encourage “rational” investments, report Peng Qinqin and Leng Cheng for Caixin. For the first six months of this year, they note that China’s nonfinancial outbound investment plunged by nearly half from the previous year to $48.19 billion, adding that scrutiny is applied to “deals in real estate, hotels...
AJ Dellinger July 18, 2017
Spam communications waste time and money and contribute to users’ disdain for new devices. A new study ranks countries by spam and finds that India, the United States and Brazil receive the highest amount of spam telephone calls. Users in India average more than 22 spam calls per month and those in Brazil and the United States average more than 20. The study was done by Truecaller which markets...
Robert J. Shiller July 18, 2017
Cities, as vibrant economic hub, can become unaffordable. Inequality rises, eventually driving some residents away. “If too many lifelong inhabitants are driven out by rising housing prices, the city itself suffers from a loss of identity and even culture,” explains Robert Shiller, professor of economics at Yale University. “As such people depart, an expensive city gradually becomes an enclave of...

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