NEW YORK – Syria is currently the world’s greatest humanitarian catastrophe and most dangerous geopolitical hotspot. The Syrian people are caught in a bloodbath, with more than 400,000 dead and ten million displaced. Read the full article at Project Syndicate.
In “The Rise and Fall of American Growth,” Robert J. Gordon argues that living standards in the United States are likely to be stagnant for the next 25 years. In The New York Times Book Review, Paul Krugman wrote: Is he right? My answer is a definite maybe. But whether or not you end up [...]
In the Milwaukee debate, Hillary Clinton took pride in her role in a recent UN Security Council resolution on a Syrian ceasefire: But I would add this. You know, the Security Council finally got around to adopting a resolution. At the core of that resolution is an agreement I negotiated in June of 2012 in Geneva, [...]
The American Congress is so incompetent that it is arbitrarily handing billions of dollars of U.S. tax revenues to Europe. The issue involves tax manipulation by America’s top IT and pharmaceutical companies, including Google, Apple, Amazon, Microsoft, Gilead and others. These companies should be paying U.S. taxes that instead are increasingly being collected by European [...]
There’s no doubt that Hillary is the candidate of Wall Street. Even more dangerous, though, is that she is the candidate of the military-industrial complex. The idea that she is bad on the corporate issues but good on national security has it wrong. Her so-called foreign policy “experience” has been to support every war demanded [...]
Last week’s GDP report, showing that growth had slowed to an annual rate of just 0.7 percent, was a striking reminder that US long-term economic growth has been slowing for decades. In a fascinating new book, “The Rise and Fall of American Growth,’’ economist Robert Gordon argues that the period of rapid US growth, from [...]
Video courtesy of BBC Newsnight. Originally aired on Jan. 19, 2016.
NEW YORK – The world economy is experiencing a turbulent start to 2016. Stock markets are plummeting; emerging economies are reeling in response to the sharp decline in commodities prices; refugee inflows are further destabilizing Europe; China’s growth has slowed markedly in response to a capital-flow reversal and an overvalued currency; and the US is [...]
SEVEN YEARS AFTER the failure of Lehman Brothers triggered a panic on Wall Street and sent the world economy into a tailspin, a free fall of the Chinese stock market has set off a new alarm. China’s stock market travails are also pulling down US and European stocks. Equity markets worldwide shed more than $2 trillion [...]