TAG: opinion
Crisis grows in Berlin as court warns 2023 supplementary budget is ‘problematic’
BERLIN — Germany's ruling coalition risks falling into a deeper crisis after the country's federal a...
8 months ago
EU heavyweights urge ‘ambitious’ 2040 climate targets — breaking silence
Several of Europe's most powerful countries implored Brussels to set "an ambitious climate target fo...
8 months ago
US economy strengthens, sluggish China welcomes FDI as investments pour in
US President Joe Biden delivered his State of the Union address to the US Congress on 7th March. On the other side of the Pacific in China, the 21st National People's Congress held its plenum.Biden made a pitch for higher taxes and more social sector expe...
6 months ago
The Dollar is more armoured division than currency
There’s just no getting past the supremacy of the dollar, much as skeptics of American influence wish for it or lonely yen bulls cry for relief. The greenback has been frequently tipped to retreat, only for it to blow away everything in front of it. This...
6 months ago
Direct Benefit Transfers: A revolution under the radar
By Sriram Balasubramanian In the run up to the 10th anniversary of the Narendra Modi government, there have been numerous comparisons between the performance of the government viz-a-viz previous regimes. The release of the NSSO survey results for 2022-23...
6 months ago
April Fool stories
April 1, New York: In a stunning development, leaders of the world’s richest economies today agreed to fund a programme that will ensure food, shelter, health and education for every person in the world within a year. Sources say that trillions of dollars...
6 months ago
Europe must quicken green efforts after election, EU climate chief says
STRASBOURG — The next crop of European Union officials must accelerate the push to slash planet-warming pollution and prepare for an extreme weather surge. That’s EU climate chief Wopke Hoekstra's message after scientists’ latest warning that the Continen...
6 months ago
Donald Tusk risks ECB brawl after move to put Polish bank boss on trial
WARSAW — A group of lawmakers from Poland’s ruling majority have moved to oust the National Bank of Poland president by submitting a motion Thursday to put Adam Glapiński on trial before a state tribunal.The motion accuses Glapiński of acting in concert w...
6 months ago
How many gig workers are there? Depends on how you ask
Our understanding of the US labour market is based to a remarkable extent on a few questions asked each month as part of the Current Population Survey, which is conducted by the Census Bureau in cooperation with the Bureau of Labour Statistics. The most i...
6 months ago
The Trump tax cuts were neither panacea nor rip-off
Back in 2017, the debate around President Donald Trump’s tax cuts was a case study in how quickly a discussion around legitimate policy can descend into partisan nonsense. On one side, Republicans spouted unfounded claims that the tax cuts would pay for t...
6 months ago
Yellen junks 200 years of economics to block China clean tech
Imagine if a Chinese company announced plans to build the biggest electric-vehicle battery factory the world had ever seen.Up to $5 billion would be spent on a single plant to manufacture more power packs every 12 months than the world produced last year....
6 months ago
US: $200 billion of M&A wasn't enough in oil patch
Even after a record $200 billion dealmaking frenzy last year, US oil and gas producers haven’t consolidated nearly enough. On a-per-barrel basis, there are still too many companies, too many chief executives, and too many drilling rigs wooing a limited po...
6 months ago
Human psychology and investments: Daniel Kahneman’s theory decoded
The Princeton University psychologist Daniel Kahneman, who recently passed away at the age of 90, is the pioneer in behavioural economics and won a Nobel Prize for his work which established a relation between psychology and economics.The Prospect theory,...
6 months ago
The Fed choked clean energy. It’s about to start reviving that
Think of the people who have done most to impede clean power over the past few years, and a few obvious figures suggest themselves: Vladimir Putin. Mohammed Bin Salman. Donald Trump. Jerome Powell?That last one may seem out of place. The Federal Reserve g...
6 months ago