Trump Order Leaves Many U.S. Workers Stuck in India
Trump’s visa suspensions may permanently damage
America’s reputation
Tuesday, June 30, 2020
Monday, June 29, 2020
‘Boycott China’ Movement Gains Steam in India
India bans TikTok, WeChat and dozens more Chinese
apps
Boycott China’ is trending in India, but turning
rhetoric into reality may be easier said than done
Rejuvenating America
Coronavirus Brings American Decline Out in the Open
Without fixes for infrastructure, education, health
care and government, the U.S. will resemble a developing nation in a few
decades.
Global Impact of the Coronavirus
The virus that shut down the world
The Long, Unhappy History of Working from Home
Stock Market and the Economy
The Market Partied Like It Was 1932
“A remarkable snapback rally, after a deep
coronavirus-induced plunge, took stocks into rare and, in some ways, troubling
territory”.
Market Madness in the Pandemic
When Stocks Are This Stormy, Don’t Rock the Boat
https://www.bloomberg.com/opinion/articles/2020-06-16/when-stocks-are-this-stormy-don-t-rock-the-boat
BofA Survey Finds 78% of Investors See Market as ‘Overvalued’
US Economy - Structural Issues
US Worker’s Need More Bargaining Power
Americans Need Health Care. It Can’t Be Tied to
Their Jobs.
The dual crises of mass unemployment and the
coronavirus have laid bare a central flaw of the U.S. health care system.
The obstacle course on the road to recovery
Saturday, June 27, 2020
Thursday, June 25, 2020
Wednesday, June 24, 2020
Inheritance Taxes and Inequality
How to tax inheritances more fairly.
https://www.nytimes.com/2020/06/24/opinion/inheritance-tax-inequality.html
To Reduce Inequality, Tax Inheritances by Henry J. Aaron
https://www.taxpolicycenter.org/publications/reduce-inequality-tax-inheritances/full
How to Increase Taxes on the Rich (If You Must) by N. Gregory Mankiw
Tax Debate - A More Constitutional Way to Tax the Rich?
https://www.npr.org/sections/money/2019/12/03/784173610/a-more-constitutional-way-to-tax-the-rich
https://www.npr.org/sections/money/2019/12/03/784173610/a-more-constitutional-way-to-tax-the-rich
https://www.taxpolicycenter.org/publications/reduce-inequality-tax-inheritances/full
How to Increase Taxes on the Rich (If You Must) by N. Gregory Mankiw
Misuse of Algorithms
Wrongfully Accused by an Algorithm
In what may be the first known case of its kind, a
faulty facial recognition match led to a Michigan man’s arrest for a crime he
did not commit.
Bearish Dollar Sentiments
What’s the Best Place to Invest Before the U.S.
Dollar Plunges? Hint: It Isn’t Gold.
Pariah States in the Coronavirus Era
Sweden Tries Out a New Status: Pariah State
Fearing the country’s lax approach to combating the
coronavirus, Sweden’s Scandinavian neighbors have all closed their borders to
Swedes.
Why Would Europe Want American Visitors Right Now?
Monday, June 22, 2020
India-US Alliance May Prove to be 21st Century Linchpin
A Clash in the Himalayas Will Push New Delhi Toward
Washington
India picks a side in the new cold war
Treat China’s border clash with India as a clarion
call
Sunday, June 21, 2020
US Economy - Government Stimulus and Consumer Spending
The Rich Cut Their Spending. That Has Hurt All the
Workers Who Count on It.
The Cares Act was the mother of all bailouts — and
it’s not finished yet
Reopening the Economy - The Smart Way versus The Dumb Way
The U.S. isn’t following the example of countries
that have shown what a “smart reopening” entails.
Saturday, June 20, 2020
Exceptionalism is Universal
There's Nothing Exceptional About Any Country
by Andreas Kluth
Almost every nation at some point believes it’s
special and on a mission. They’re all wrong, and the sooner we get over this
nonsense, the better.
Can Japanese Products Become Cool Again?
From Netflix shows to Nintendo: the resurgence of
Japanese cool
The Federal Reserve and Wall Street
The Fed is addicted to propping up the markets,
even without a need
https://www.washingtonpost.com/business/2020/06/17/fed-is-addicted-propping-up-market-whether-it-needs-help-or-not/
The Stock Market Feeds the Racial Inequality It’s Free to Ignore
https://www.bloomberg.com/news/articles/2020-06-20/the-stock-market-feeds-the-racial-inequality-it-s-free-to-ignore
The Stock Market Feeds the Racial Inequality It’s Free to Ignore
https://www.bloomberg.com/news/articles/2020-06-20/the-stock-market-feeds-the-racial-inequality-it-s-free-to-ignore
Friday, June 19, 2020
Thursday, June 18, 2020
Florida’s Covid-19 Surge
Florida’s Covid-19 Surge in Charts: It’s More Than
Just Testing
https://www.bloomberg.com/news/articles/2020-06-18/florida-s-covid-19-surge-in-charts-it-s-more-than-just-testing China's Foreign and Domestic Policy Errors
China Is Foolish to Make an Enemy of India
https://www.bloomberg.com/opinion/articles/2020-06-18/china-clashes-are-driving-india-into-arms-of-the-u-s
China’s “Peaceful Rise” Vanishes in Thin Air
The China-India Border Dispute Just Got Real
PBS FRONTLINE DOCUMENTARY: China’s Domestic Human Rights Abuses
Wednesday, June 17, 2020
Return to Normal May Take Awhile
The long road to a Covid-19 vaccine
A warning from South Korea: the ‘fantasy’ of
returning to normal life
Tuesday, June 16, 2020
The China Problem
Will Hong Kong Be Tiananmen 2.0?
Trump asked China’s Xi to help him win reelection,
according to Bolton book
https://www.washingtonpost.com/politics/trump-asked-chinas-xi-to-help-him-win-reelection-according-to-bolton-book/2020/06/17/d4ea601c-ad7a-11ea-868b-93d63cd833b2_story.html
Why We Should Worry About China and India’s Border Skirmishes
https://foreignpolicy.com/2020/05/23/india-china-border-skirmishes/
China's Border Invasion Will Push India Toward the U.S.
China's Border Invasion Will Push India Toward the U.S.
“As the U.S.-China rivalry goes global, India may be the only nonaligned country that can, by itself, make a major difference in the balance of influence and advantage. The good news is that the geopolitics of the triangle are producing a tighter U.S.-India partnership”.
India and China's border skirmishes bring giants closer to clash
India and China's border skirmishes bring giants closer to clash
Churchill – History’s Most Overrated Leader
A truer history would remember how unimportant many
of his constructive acts were and how awful his destructive ones.
His record in Britain’s former colonies more
closely resembles that of a war criminal than a defender of democracy and
freedom.
Higher Education - Distorted Finances
A large share of strapped school budgets are going
to “merit aid” for wealthy kids, as part of a bidding war to enroll high-income
students.
Is Inflation Poised to Return?
ECB’s Next Step Hinges on Who to Believe on Future
Inflation
If Inflation Is Coming, the Market Isn’t Ready
https://www.wsj.com/articles/if-inflation-is-coming-the-market-isnt-ready-11592305397
Will inflation Cassandras be proven wrong once again?
https://www.washingtontimes.com/news/2020/may/19/will-inflation-cassandras-be-proven-wrong-once-aga/ Monday, June 15, 2020
Decoupling from China - Easier Said than Done
A Made-in-China Pandemic
“The COVID-19 pandemic should be a wake-up call for a
world that has accepted China’s lengthening shadow over global supply chains
for far too long. Only by reducing China’s global economic influence –
beginning in the pharmaceutical sector – can the world be kept safe from the
country's political pathologies”.The Pandemic Hits Brazil
Brazil faces the coronavirus disaster almost
everyone saw coming
https://www.washingtonpost.com/world/2020/06/15/brazil-faces-coronavirus-disaster-almost-everyone-saw-coming/
https://www.washingtonpost.com/world/2020/06/15/brazil-faces-coronavirus-disaster-almost-everyone-saw-coming/
Recessions and Business Cycles
What’s in a Recession?
Ripple effects of downturn show pandemic’s early
economic toll was just the beginning
https://www.washingtonpost.com/business/2020/06/14/ripple-effects-downturn-show-pandemics-early-economic-toll-was-just-beginning/
Millions of Job Losses Are at Risk of Becoming Permanent
Millions of Job Losses Are at Risk of Becoming Permanent
College Towns Fear Covid Will Leave Them as Ghost Towns
Don’t think a great stock market means we’ve got a great economy
https://www.washingtonpost.com/business/2020/06/09/what-record-stock-market-gains-tell-us-about-us-economic-recovery-not-much-it-turns-out/ Sunday, June 14, 2020
Is Big Tech Fairly Valued?
Are Tech Stocks Fairly Valued?
Frustrated Stock-Market Skeptics Stick with
Cautious Bets
Masters in Finance Degree Programs
Finance Master’s Degree Programs show Strength Amid
the Pandemic
“Students completing bachelor’s degrees may conclude
that this is a good moment to remain in full-time education, while graduates
with a few years’ work experience may feel the need to upgrade their
credentials”.
Masters courses clear way for other credentials
Finance masters graduates brace for an uncertain
market
Friday, June 12, 2020
Economic Development and the Environment
Can India chart a low-carbon future? The world might depend
on it
India’s Massive Bet on Solar Power
Can Solar Power Compete with Coal? In India, it’s
Gaining Ground
India is now producing the world’s cheapest solar
power
The Truth about the British Empire
A Statue Was Toppled. Can We Finally Talk About the
British Empire?
“Dispossession, appropriation, elimination and
enslavement were central to the British Empire and to the making of modern
Britain. Its initial expansion westward into the territories of the Americas
was followed by commercial and colonial initiatives in the East. This was
compounded by Britain’s involvement in the Europe-wide trade in human beings
from Africa and circuits of indentured labor from Asia.
These histories rarely make it into the standard
narratives of how Britain came to be. Instead, there is either a glorification
of the empire or amnesiac histories that either ignore it or consider it benign.
The end of the empire is similarly elided”.
The East India Company, a trading firm with its own
army, was masterful at manipulating governments for its own profit.
The Anarchy: The East India Company, Corporate
Violence, and the Pillage of an Empire by William Dalrymple
The British Empire – Consequences of Colonialism
https://vivekjayakumar.blogspot.com/2017/02/the-british-empire-consequences-of.html
The Truth About Winston Churchill
The Truth About Winston Churchill
Canada - A Popular Destination for International Students
Canada sees a big jump in international student enrollment:
https://qz.com/india/1866355/indians-fed-up-of-trumps-h-1b-opt-green-card-moves-eye-canada/
https://qz.com/india/1866355/indians-fed-up-of-trumps-h-1b-opt-green-card-moves-eye-canada/
Stock Market Volatility
Why Robinhood Day Traders Are Greedy When Wall
Street Is Fearful
Volatility Is Everywhere:’ The Market Tactic That’s
Driving Stocks Haywire
Thursday, June 11, 2020
GRAD PROGRAMS: International Political Economy and Economic Development
List of Graduate Programs –
A few interesting ones:
King’s College London – Master’s in International
Political Economy
Oxford - MSc in Economics for Development
Yale – MA in International Development and Economics
BU – MA in Global Development Economics
Vanderbilt – Graduate Program in Economic Development
Economic Challenges Facing the Middle East
Expats Leaving Dubai Is Bad News for the Economy
Saudi Arabia Isn’t Just Raising Taxes
“Ultimately, as Saudi Arabia and other countries deal
not just with a global-health crisis and the accompanying economic collapse but
also with the constraints of their own economies, many of their actions—such as
tax hikes and austerity measures—will have ramifications, intentional and
otherwise, in the decades to come. When a government tinkers with its social
contract without citizen input, and asks for more money from its people, there
could very well be rumblings of resistance or revolt”.
Returning to the Office in the Pandemic Era
An Indian Outsourcer Begins Bringing Back 150,000
Workers
Covid-19 challenges New York’s future
Wednesday, June 10, 2020
Risk of a Second Wave
World Economy Crash Sparks Warning on Early
Lifeline Withdrawal
Coronavirus hospitalizations rise sharply in
several states
The Looming Bank Collapse
Lobbying and Policymaking in America
Amazon, Facebook and Google tap political allies to
battle antitrust probes
Monday, June 8, 2020
It is Official – US Recession Began in Feb 2020
NBER:
“The Business Cycle Dating Committee of the National
Bureau of Economic Research maintains a chronology of the peaks and troughs of
U.S. business cycles. The committee has determined that a peak in monthly
economic activity occurred in the U.S. economy in February 2020. The peak marks
the end of the expansion that began in June 2009 and the beginning of a
recession. The expansion lasted 128 months, the longest in the history of U.S.
business cycles dating back to 1854. The previous record was held by the
business expansion that lasted for 120 months from March 1991 to March 2001.
The committee also determined that a peak in quarterly economic activity
occurred in 2019Q4. Note that the monthly peak (February 2020) occurred in a
different quarter (2020Q1) than the quarterly peak. The committee determined
these peak dates in accord with its long-standing policy of identifying the
months and quarters of peak activity separately, without requiring that the
monthly peak lie in the same quarter as the quarterly peak. …
A recession is a significant decline in economic
activity spread across the economy, normally visible in production, employment,
and other indicators. A recession begins when the economy reaches a peak of
economic activity and ends when the economy reaches its trough. Between trough
and peak, the economy is in an expansion”.
Sunday, June 7, 2020
Does Rising US Public Debt Pose a Problem?
Exploding public debt: A cause for concern?
https://thehill.com/opinion/finance/501486-exploding-public-debt-a-cause-for-concern
Why I’m Not Worried About America’s Trillion-Dollar
Deficits
Saturday, June 6, 2020
A Country in Turmoil
Roger Cohen’s op-ed is worth reading:
All that is needed for rebellion against relentless
oppression is a spark.
How Accurate are Recent US Unemployment Figures?
A ‘misclassification error’ made the May
unemployment rate look better than it is. Here’s what happened.
Related:
Friday, June 5, 2020
India's Foreign Policy
India’s Appeasement Policy Toward China Unravels
Related:
India and Australia sign military pact as China
tensions rise
US Labor Market Data
The Jobs Numbers: Who’s Hiring in America—and Who’s
Not
https://www.bloomberg.com/graphics/jobs-numbers
Related:
https://www.bloomberg.com/news/articles/2020-06-05/u-s-jobless-rate-unexpectedly-fell-in-may-as-hiring-rebounded
Economists predicted 20 percent employment in May. How did they get it so wrong?
Related:
https://www.bloomberg.com/news/articles/2020-06-05/u-s-jobless-rate-unexpectedly-fell-in-may-as-hiring-rebounded
Economists predicted 20 percent employment in May. How did they get it so wrong?
Shocking Jobs Report Boosts Yield-Curve Steepening
Fewer jobs cut than predicted
https://www.washingtonpost.com/business/2020/06/05/may-2020-jobs-report/
The Economic Pain That the Unemployment Rate Leaves
Out
How healthy is Trump’s economy?
https://www.washingtonpost.com/graphics/business/jobs-report/
Thursday, June 4, 2020
America's Spending Priorities
U.S. spends twice as much on law and order as it
does on cash welfare, data show
Spending So Much on Police Has Real Downsides
Wednesday, June 3, 2020
Automation and the Manufacturing Sector
Coronavirus Is Forcing Companies to Speed Up
Automation, For Better and For Worse
https://www.forbes.com/sites/simonchandler/2020/05/12/coronavirus-is-forcing-companies-to-speed-up-automation-for-better-and-for-worse/#603cfefe5906
The Rise of Automation: How Robots May Impact the
U.S. Labor Market
https://www.forbes.com/sites/simonchandler/2020/05/12/coronavirus-is-forcing-companies-to-speed-up-automation-for-better-and-for-worse/#603cfefe5906
The Threat Posed by Social Media
Amid George Floyd protests, weaponized
misinformation floods social media
https://www.cnet.com/news/amid-george-floyd-protests-social-media-is-weaponizing-misinformation/
https://www.cnet.com/news/amid-george-floyd-protests-social-media-is-weaponizing-misinformation/
American Carnage
The military officers aiding Trump’s stunt have
been promoted to the level of their incompetence
How Trump’s Idea for a Photo Op Led to Havoc in a
Park
The entire Republican Party is complicit in the
assault on Lafayette Square
Cameras Won’t Stop Police from Killing
CIA veterans see troubling parallels in Trump’s
response
Tuesday, June 2, 2020
Will the Fed Go Too Far?
Fed Should Resist Market Pressure to Do More
https://www.bloomberg.com/opinion/articles/2020-05-31/fed-should-resist-market-pressure-to-do-more
Fed Is Propping Up Companies It Had Warned Banks Not to Touch
Fed Is Propping Up Companies It Had Warned Banks Not to Touch
Nokia, Ericsson and the 5G Race
Buy Nokia Stock Because ‘the Elements Are Falling into
Place’ on Its Turnaround and 5G
Ericsson Emerges as 5G Leader After U.S. Bruises
Huawei
America Deserves Better Leaders
Conservative columnist George Will’s excellent piece is
worth reading:
“The nation’s downward spiral into acrimony and
sporadic anarchy has had many causes much larger than the small man who is the
great exacerbator of them. Most of the causes predate his presidency, and most
will survive its January terminus. The measures necessary for restoration of
national equilibrium are many and will be protracted far beyond his removal.
One such measure must be the removal of those in Congress who, unlike the
sycophantic mediocrities who cosset him in the White House, will not disappear
“magically,” as Eric Trump said the coronavirus would. Voters must dispatch his
congressional enablers, especially the senators who still gambol around his
ankles with a canine hunger for petting”.
Why have Republican leaders abandoned their
principles in support of an immoral and dangerous president?
Subscribe to:
Posts (Atom)