In The News

Stephen Kalin and William Maclean June 22, 2017
The king of Saudi Arabia changed the line of succession, replacing his nephew with a 31-year-old son. “Mohammed bin Salman's appointment may make Saudi policy more hawkish against long-time enemy Iran and other Gulf rivals such as Qatar, increasing volatility in an already unstable region,” reports Reuters. “Outside Saudi Arabia, that rapid advance and the sudden changes to longstanding...
Dante Disparte June 21, 2017
Climate change is already contributing to economic consequences, and policies that prevent flooding, drought, rising temperatures and other risks offer economic opportunity, argues Dante Disparte for Harvard Business Review. He adds that more than $2 trillion in economic output could be at risk over the next decade. “Military leaders in both the [United States and the United Kingdom] have argued...
Claire Felter June 20, 2017
Each year, the United States allows temporary workers to enter the country to work for seasonal agriculture, tourism and other industries and skilled labor, too: “more than one million visas were granted in 2014, up from some four hundred thousand in 1994,” reports Claire Felter for the Council on Foreign Relations. Opponents to such programs worry about visa tracking, illegal immigration,...
John A. Mathews and Hao Tan June 19, 2017
Former US President Barack Obama imposed controls on fossil fuels to protect the planet and position the United States as a leader in the development of alternative fuels. Donald Trump has reversed course on such policies, and this could put China and other countries in charge of green energy. John A. Mathews and Hao Tan examine whether China might instead simply outsource the most polluting...
Michael Pettis June 19, 2017
China's regulators and central bankers are trying to control the country’s debt and reduce associated risks, and in turn this may reduce economic growth. explains Michael Pettis, finance professor, in an opinion essay for Bloomberg: “there's a big difference between China's sustainable growth rate, based on rising demand driven by household consumption and productive investment,...
Jane McAdam June 15, 2017
The UN Refugee Convention, drafted after World War II, strives to balance the needs of refugees and governments, but cannot help every displaced person. The world has seen great advances in communications, transportation and security, but a substantially larger global population, increasing inequality, terrorism and environmental degradation are challenges that leave critics claiming the treaty...
June 14, 2017
Bitcoin is a digital currency with algorithms used for ownership and trades. Security depends on the secrecy of those algorithms. A purchase of $100 worth of bitcoin in July 2010 would be worth about $4.6 million today. Overall market value of such currencies is about $80 billion. An article from the Economist questions bitcoin’s sustainability and whether the currency is more like gold or 17th...

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