Markets

As the economic-policy debate in Europe and around the world shifts from fiscal austerity towards measures aimed at stimulating growth, smarter taxation will be essential to getting the balance right. That means focusing on energy and carbon taxes, which have...

The US Defense Department consumes more energy than any other department or sector in the country, spending around $20 billion annually by some estimates; but ambitious plans to make it the nation's green leader have been swept under the rug...

 In 2010, global donor aid for low-income countries reached $26.9 billion, leading to major successes in public health and saving millions of lives. Yet, there are still some who would have you believe that all the funds are going to...

The cooperative movements, which began in the 1800s, have sometimes struggled to live up to their ideals. Some fall victim to bad politics, weak governance, or mismanagement, while others are exposed to risks stemming from over-concentration. But as we search...

As recently as six months ago, one didn’t discuss in polite company in Madrid the possibility that Spain would leave the euro and restructure its debt.  The prospect was unthinkable and like many unthinkable things it could not be discussed....

With François Hollande’s defeat of Nicolas Sarkozy, Merkel has virtually no support left in the eurozone. As the world looks for signs that Europe’s new power duo can overcome political difference and work together to save the euro, almost all...

The future of the global economy remains shrouded in mystery. Whether the crises in the United States and the eurozone will improve remains to be seen. While the latest economic data from China largely points to a soft landing, until...

October 2011 saw significant changes in the global economy. October 2011 saw significant changes in the global economy. In the U.S., the Occupy Wall Street movement was reaching its peak and was gradually inspiring similar movements across the world; while...

Ben Bernanke is a marked man. Ever since he was appointed as the Chairman of the U.S. Federal Reserve in 2006, Bernanke has been a constant target for criticism – with some progressive economists now blaming him for not doing...

Europe’s single-minded focus on austerity is a result of a misdiagnosis of its problems; and the fact that so many economies are vulnerable to natural disasters only makes the man-made disaster of austerity all the more tragic. Accordingly, the pain...

François Hollande’s victory in the French presidential election is a fresh chance for Europe. It should spell the end of a policy oriented exclusively towards austerity, which has paralyzed our economies and divided the EU, and should not scare anyone...

The Basel Accords were introduced to protect consumers from bad banking practices; yet somehow they managed to exacerbate the 2008 financial crisis even further – causing a sharp drop in drop in GDP and employment, while the sharp sell-off in...

The United States fixation with the Renminbi has distracted the government from far more important economic issues in its relationship with China. Rather than vilifying China as the principal economic threat to America, this relationship should be recast as an...

Local communities in the U.K. may still be against hydraulic fracturing, or “fracking”, but the government has once again proven that its interests are more closely aligned with investment bankers in the City of London than those forced to live...

The global economy is shifting from a unipolar world, led mainly by the US, to a truly multipolar world, in which the US, the EU, the BRICS, and some smaller powers carry substantial weight. But while this shift means that...