Markets

To cure the economy, we need to understand exactly what ails it. An accurate diagnosis is just as important as a proper prescription. As Stiglitz argues, the economic problem we have is more severe than most people realize and the...

 7 October 2011. The economic crisis in the eurozone is, without doubt, mammoth. On a more optimistic note, central bankers and governing authorities seem to have reached a consensus on how to tackle the economic problems: by giving banks and...

  6 October 2011. In the course of the past few days, three leading figures attempted to redirect the attention of the markets by giving positive speeches about economic plans for their country/region. Yet all three failed miserably as the...

 5 October 2011. Too much has been said about the state of the Chinese economy. While it has largely powered through the thick of the global financial crisis – China’s economic strength in fact buoyed much of the world’s economy...

4 October 2011. Europe’s increasingly vocal and powerful Far Right parties have swapped a racist agenda for an Islamophobic one, moving them closer to the mainstream, where anti-Muslim views are commonplace among conservative commentators and politicians.Islamophobia is “more widespread in Western...

Economic globalization has, of course, produced some large benefits for the world, though it has also created major problems that need to be addressed. These problems demand a similar global response, which must first be built from individual governments. For...

 30 September 2011. There have been many rogue traders in the course of financial history. Bernard “Bernie” Madoff operated the world’s largest Ponzi scheme and was sentenced to 150 years behind bars in June 2009. One would imagine that a recent...

29 September 2011. He who laughs last laughs best. For decades, European countries were the colonial masters of Africa, dividing the continent at their own whim and exploiting the abundant resources available for their own purposes. Yet today, there has...

  Despite being contrarian to Islamic beliefs, opium production is one of the biggest industries for the war-torn country. Afghanistan alone is responsible for supplying more than 90 percent of the world’s opium, the raw material for manufacturing heroin to...

27 September 2011. A crisis of confidence envelops the global economy today. Too much debt is denting confidence – in turn holding back spending, investment and job creation. In these circumstances, we need collective action for global recovery along four...

 26 September 2011. The massive contagion spreading across euro zone countries have morphed into an urgent problem for policy makers. Some claim the euro is too big to fail, others assert that it is too big to bail. The pros...

21 September 2011.  Human trafficking is a global industry worth $32 billion and places millions of vulnerable people from poor countries in servitude, but the number of successful prosecutions is still pitifully small. 21 September 2011.  Human trafficking is a...

20 September 2011. Global markets are in unchartered territory. A series of austerity measures have been announced, but the news coming out from Europe and the United States continue to bear the same consistent note of pessimism. The risks ahead are...

19 September 2011. Unemployment in the US has remained above 9 percent for 22 of the last 24 months. While some are supporting additional stimulus, others are calling for UK-style austerity. With Nobel-prize winning economists on either side of the...

14 September 2011. The obvious solutions to economic stagnation have been tried and have failed. Clearly, more innovative ideas are needed to reinvigorate the economy. The latest proposed solution making its round have been to use a sharp, contained bout...