By Eric Levitz18 March 2016 (New York Magazine) – Over the course of 12 debates, the Republican presidential candidates were never asked to address the budget problems in Kansas. That may not sound like an odd omission but it is. To see why, let’s take a quick trip to a parallel political universe: In Bizarro […]
By Chico Harlan 4 March 2016 BATON ROUGE, Louisiana (Washington Post) – Already, the state of Louisiana had gutted university spending and depleted its rainy-day funds. It had cut 30,000 employees and furloughed others. It had slashed the number of child services staffers, including those devoted to foster family recruitment, and young abuse victims for […]
By Sara Sjolin25 February 2016 (MarketWatch) – The risk of a global recession has risen, Citigroup says, as advanced economies such as the U.S. and eurozone show signs of sputtering. The bank’s analysts have cut their global growth forecast for 2016 to 2.5%, where just in January they pegged it at 2.7%. In the middle […]
By Ksenia Galouchko and Henry Meyer23 February 2016 (Bloomberg) – For a decade, Dmitri Barinov has been following the volatile economy of his homeland from the safe distance of Union Investment’s offices in Frankfurt. Last year, as other money managers were steering clear of Russia’s broken economy, the Moscow-born Barinov pulled off something of a […]
By Suzanne Goldenberg 16 February 2016 Masdar City (Guardian) – Years from now passing travellers may marvel at the grandeur and the folly of the futuristic landscape on the edges of Abu Dhabi: the barely occupied office blocks, the deserted streets, the vast tracts of undeveloped land and – most of all – the abandoned […]
By Judith Magyar22 January 2016 (SAP Community Network) – Emerging technologies such as 3D printing and genetic engineering offer a lot of promise, but can also be double-edged swords. They can help make our lives easier, safer and healthier, but there is also potential to build weapons or dangerously modify organisms. Developments like these raise […]
By Emmett Knowlton17 January 2016 (Business Insider) – The 2016 Summer Olympics kicks off on August 5 in Rio de Janeiro — but with less than seven months until the Opening Ceremony, a slew of problems still show no signs of improvement. Will Connors had a good, if troubling, piece in The Wall Street Journal […]
[cf. More displaced people and refugees now than at any other time in recorded history – ‘The global north must be prepared that the entire global south is on the move’] By Joe Weisenthal18 January 2016 (Bloomberg News) – As the crash in commodities prices spreads economic woe across the developing world, Europe could face […]
19 November 2015 (Federal Reserve Bank of New York) – Aggregate household debt balances increased in the third quarter of 2015. As of 30 September 2015, total household indebtedness was $12.07 trillion, a $212 billion increase from the second quarter of 2015. Overall household debt remains 5% below its 2008Q3 peak of $12.68 trillion. Mortgage […]
By David F. Ruccio5 November 2015 (Real-World Economics Review) – We already knew that the number of Americans who are on disability has skyrocketed over the past three decades. But the usual response was that they are gaming the system, claiming disabilities that “lend themselves to subjective manipulation” and being encouraged to do so by […]
