emergency conditions
Revealed: Rising Inequality Kills American Jobs Barry Z. Cynamon and Steven M. Fazzari, researchers on consumer behavior and how it effects the economy, wrote an op-ed for the St. Louis Post Dispatch in October 2007 in which they predicted that an end to the relentless trend of rising household debt and a subsequent crash in…
THE ASIAN WAY: Special Feature by Stephen Roach What a contrast! This was my first trip back to Asia after having spent three years living in the region. I returned to the United States a couple of months ago with enormous respect for how Asia had pulled itself together after its own devastating crisis in…
Greece’s government must cut spending and improve tax revenue in order to greatly reduce or eliminate its need to borrow, reduce the cost of its output (via domestic deflation or leaving the Euro and depreciating a new currency) in order to restore the external balance between its imports and exports, and to reduce the impediments to economic efficiency and productivity growth so that its economy can grow more rapidly. How did it get in such a mess? What role was and is played by its use of the Euro? And what are its options?
BLOWBACK AND BACKLASH IN PROGRESS
The daily grind of aid work in Afghanistan mirrors the country’s broader inertia. More than eight years after the U.S. invasion, the international community is still struggling to break out of a seemingly endless cycle of government crises and move toward a stable government — and a clear path home. The international conference on Afghanistan…
Notes from the Field Date: January 26, 2010 Reporting From: Panama City, Panama Simon`s been on the ground in Panama for a week, and thus far, the majority of his time has been spent investigating the sustainable community concept that he wrote me about several weeks ago. To refresh your memory, the idea is to…