By Mariana Zuñiga and Nick Miroff 15 September 2016 BARQUISIMETO, Venezuela (Washington Post) – The hunt for food started at 4 a.m., when Alexis Camascaro woke up to get in line outside the supermarket. By the time he arrived, there were already 100 people ahead of him. Camascaro never made it inside. Truckloads of Venezuelan […]
By Quentin Fottrell 13 September 2016 (MarketWatch) – Unhappy with your inheritance? Then you might find it difficult to read this. Ultra high-net-worth individuals will transfer $3.9 trillion to the next generation by 2026, according to Preparing for Tomorrow: A Report on Family Wealth Transfer, released Monday by global wealth consultancy Wealth-X and insurance brokerage […]
COLLEGE PARK, Maryland, 31 August 2016 (UMD) – Following the arrival of early agricultural crops from southwest Asia, ancient European societies experienced a series of population booms followed by a collapse that historical scientists are still working to explain. New research from the University of Maryland published in the Proceedings of the National Academy of […]
By David Brodwin 23 August 2016 (U.S. News & World Report) – If you work hard and play by the rules you will get ahead, according to the American Dream. But working hard and playing by the rules now feels like running in place to a lot of Americans. The past few years of economic […]
By Kathrin Jones and Jonathan Gould; Editing by Alexander Smith9 August 2016 (Reuters) – Deutsche Bank had the highest potential capital shortfall, 19 billion euros ($21 billion), in a study of 51 European banks using U.S. Federal Reserve stress test methods, German economic research institute ZEW said. “European banks lack sufficient capital to offset the […]
By Laura Kusisto10 August 2016 (The Wall Street Journal) – The housing recovery that began in 2012 has lifted the overall market but left behind a broad swath of the middle class, threatening to create a generation of permanent renters, and sowing economic anxiety and frustration for millions of Americans. Home prices rose in 83% […]
2 August 2016 (McKinsey) – While it’s broadly assumed that children will grow up to be better off than their parents, the reality is that a new generation of young people in advanced economies risks ending up poorer. In this episode of the McKinsey Podcast, McKinsey senior partner Richard Dobbs and McKinsey Global Institute (MGI) […]
By Vladimir Hernandez28 July 2016 (BBC) – It’s one thing to talk to people you’ve never met before who are suffering from hunger, and it’s a completely different thing when they are from your own family, as the BBC’s Vladimir Hernandez discovered when he returned to his native Venezuela to report on its failure to […]
By Richard Dobbs, Anu Madgavkar, James Manyika, Jonathan Woetzel, Jacques Bughin, Eric Labaye, and Pranav Kashyap14 July 2016 (McKinsey) – Most people growing up in advanced economies since World War II have been able to assume they will be better off than their parents. For much of the time, that assumption has proved correct: except […]
10 July 2016 (BBC News) – Thousands of people have crossed to Colombia after Venezuela opened their common border to allow its people to buy food and medicine, officials say. The frontier, closed by Venezuela last August as part of a crime crackdown, was to open for 12 hours. Venezuela is going through a deep […]
