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Japan Finally Got Inflation. Nobody Is Happy About It.
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Is the U.S. doomed to a Greek-style meltdown?
It seems like just yesterday that we were asking ourselves if the United States was Rome . In light of the financial collapse in the other great cradle of Mediterranean civilization, the New York Times' David Leonhardt poses the inevitable follow...
Published
Wed, May 05 2010 3:47 PM
by
FP Passport
Filed under:
Europe
,
Financial crisis
,
Eastern Europe
,
Economics
,
Finance
Greece cuts way back on defense
Greece's new austerity measures, which will include cuts in public sector salaries, pensions, as well as tax increases, have provoked widespread, and occasionally violent, protests. But the country's military is taking a big hit as well: Defense...
Published
Fri, Apr 04 2010 8:43 AM
by
FP Passport
Filed under:
Military
,
Economics
Raul deregulates barber shops
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Raul Castro has made some modest reforms since taking over in July 2006. A few token changes, including the introduction of cell phones, DVD players, microwaves and computers, have...
Published
Tue, Apr 04 2010 9:04 AM
by
FP Passport
Filed under:
Latin America
,
Politics
,
Development
,
Economics
The political difference between elephants and tuna
As mentioned in the brief, Tanzania and Zambia were rebuffed today in their attempts to relax the international ban on ivory sales at the Convention on International Trade in Endangered Species in Doha. The decision is being hailed as a victory for conservationists...
Published
Mon, Mar 03 2010 9:25 AM
by
FP Passport
Filed under:
Africa
,
Environment
,
East Asia
,
Economics
Can Obama really double exports in five years?
At his State of the Union address, President Barack Obama swore to double U.S. exports in five years. At the time, some pundits (including one here ) scoffed at the idea. Doubling exports, of course, means convincing the world to buy twice as much of...
Published
Thu, Mar 03 2010 11:04 AM
by
FP Passport
Filed under:
Economics
,
Trade
Europe's inflation fundamentalism
FP Editor in Chief Moisés Naím and the Carnegie Endowment's Uri Dadush have an op-ed in today's Financial Times arguing that Europe's excessive fear of inflation is preventing it from taking the action necessary to prevent a potentially catastrophic...
Published
Fri, Mar 03 2010 8:21 AM
by
FP Passport
Filed under:
Europe
,
Economics
New Greek austerity measures
Yesterday, the Greek government announced a spate of emergency austerity measures, designed to help the country close its yawning budget gap. Half are new taxes, and half are spending cuts, including: Hiking the VAT from 19 percent to 21 percent (worth...
Published
Thu, Mar 03 2010 7:44 AM
by
FP Passport
Filed under:
Europe
,
Diplomacy
,
Economics
Best news I've read all day
An extraordinary paper on poverty reduction across Africa by Columbia's Xavier Sala-i-Martin and Maxim Pinkovskiy shows: The proportion of Africans in poverty is declining The continent is due to reach its Millennium Development Goal of halving the...
Published
Tue, Mar 03 2010 2:29 PM
by
FP Passport
Filed under:
Africa
,
Economics
Global trade craters
Bad news from the World Trade Organization: Global trade crashed a whopping 12 percent last year, around 20 percent more than anticipated and the most since the end of World War II. Pascal Lamy, the head of the WTO, used the occasion to call for the resumption...
Published
Thu, Feb 02 2010 11:30 AM
by
FP Passport
Filed under:
Financial crisis
,
Development
,
Economics
,
Finance
If demographics are destiny, the fates aren't smiling on Greece
If I weren't Annie in Washington, but were, say, Anthea in Athens, I'd consider moving right about now. The Greek economy is cratering. Unemployment is skyrocketing. Taxes are rising. Social services are being slashed. Greece's participation...
Published
Wed, Feb 02 2010 1:32 PM
by
FP Passport
Filed under:
Europe
,
Financial crisis
,
Economics
,
Finance
One big world of cheats
This weekend, the New York Times reported that Greece, in the midst of a massive economic crisis, had none other than Wall Street giant Goldman Sachs help it keep its books in the black with some creative financial maneuvers, such as selling away the...
Published
Wed, Feb 02 2010 11:28 AM
by
FP Passport
Filed under:
Europe
,
Financial crisis
,
Economics
,
Finance
Could Greece ditch the euro?
At the Financial Times , Harvard professor Martin Feldstein argues for letting Greece take a holiday from the euro, allowing it to devalue its currency and ease its severe economic woes. It's a nice idea, but a bit pie in the sky. Barry Eichengreen...
Published
Wed, Feb 02 2010 8:31 AM
by
FP Passport
Filed under:
Europe
,
Financial crisis
,
Economics
,
Finance
Chilean coins misspell Chile
A batch of 50-peso coins, each worth about a dime, have returned to cause a headache for the Chilean mint. The coins spell the country's name C-H-I-I-E -- a typo that has recently cost the the general manager of the mint his job. The most remarkable...
Published
Fri, Feb 02 2010 7:45 AM
by
FP Passport
Filed under:
Fun Stuff
,
South America
,
Economics
How bad is Greece's debt?
Here are a chart and a graph showing the PIIGS' and the United States' indebtedness -- more specifically, their public debt and 2009 deficit relative to GDP. Just glancing at the chart, and remembering that the PIIGS are among the weakest economies...
Published
Wed, Feb 02 2010 8:48 AM
by
FP Passport
Filed under:
Europe
,
Economics
Bernanke confirmed for second term as Fed chair
Ben Bernanke is just one easy vote away from winning a second term as the chairman of the Federal Reserve. (Meaning Janet Yellen doesn't need to pack her bags .) Opposition to Bernanke had been brewing since last spring, steeling in the last few weeks...
Published
Thu, Jan 01 2010 1:09 PM
by
FP Passport
Filed under:
Obama Administration
,
Economics
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