Bloomberg: Shekel Is World’s Worst Currency
– – Bloomberg declared the Israeli Shekel to be the “World’s Worst Currency” after it went on an up and down ride last week. The Shekel had appreciated by 2.1% against the Dollar More...
Former Chairman of Morgan Stanley Asia Stephen Roach: America, China, and the Productivity Paradox
In the late 1980s, there was intense debate about the so-called productivity paradox – when massive investments in information technology (IT) were not delivering measureable productivity improvements. More...
Deputy Governor of the Bank of England Howard Davies: Is Financial Repression Here to Stay?
There are several definitions of financial repression – and the repressors and the repressed tend to see things differently. But what financial repression usually involves is keeping interest rates below their More...
Top CEOs Make 300 Times More than the Average Worker
– – Its good to be the CEO of a major American corporation these days. According to a new study from the Economic Policy Institute, they earn 300 times what the average American worker does. Much More...
Harvard Professor Jeffrey Frankel: The Chimera of Currency Manipulation
US President Barack Obama is still pressing to obtain Trade Promotion Authority and use it to conclude negotiations for the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership More...
Harvard Professor Martin Feldstein: The Inflation Puzzle
The low rate of inflation in the United States is a puzzle, especially to economists who focus on the relationship between inflation and changes in the monetary base. After all, in the past, increases and More...
Greece’s finance minister Yanis Varoufakis: Austerity Is the Only Deal-Breaker
A common fallacy pervades coverage in the world’s media of the negotiations between the Greek government and its creditors. The fallacy, exemplified in a recent commentary by Philip Stephens of the Financial More...
Former Chairman of Morgan Stanley Asia Stephen Roach: The Currency Manipulation Charade
As the US Congress grapples with the ever-contentious Trans-Pacific Partnership – President Barack Obama’s signature trade legislation – a major stumbling block looms. On May 22, the Senate avoided it, More...
Nobel Laureate Robert Shiller: Inspiring Economic Growth
NEW HAVEN – In his First Inaugural Address, during the depths of the Great Depression, US President Franklin Delano Roosevelt famously told Americans that, “The only thing we have to fear is fear More...
Facebook Raises Pay for Low Wage Workers to $15 an Hour Minimum
– – Facebook has given its contractors a raise to $15 an hour. This is more than twice the national minimum wage in America of $7.25 per hour. The company also announced that it will provide these More...