In The News

UK to Lose £1 Trillion Financial Assets: FT

Stephen Morris March 21, 2019
Businesses prepare for the chaos of worst-case Brexit scenarios, reports an Ernst & Young Global Limited survey. For financial services companies, that includes plans to transfer £1 trillion in assets from the United Kingdom to Europe. British negotiators struggle to reach a deal that includes freedoms from immigration and European regulations, as desired by just over half of voters in the...

Algerian Judges on Presidential Vote: Reuters

Lamine Chikhi March 11, 2019
Algeria’s President Abdelaziz Bouteflika, 82, has held office for four terms since 1999 and seeks a fifth despite allegations of fraud in previous votes and his stroke in 2013. “More than 1,000 judges said they would refuse to oversee Algeria’s election next month if President Abdelaziz Bouteflika contests it, in one of the biggest blows to the ailing leader since the start of protests now in...

Financial Times: Why World Economy Feels Fragile

Martin Wolf January 9, 2019
The livelihoods and routines of more than 7 billion people depend on a stable global economy, and there are always reasons to worry, including long-term structural and cyclical challenges, explains Martin Wolf for the Financial Times. Global growth has slowed, led by a slowdown in the Chinese economy, but central banks and global markets can and do adjust to cyclical changes. While severe...

Washington Post: Iran Sanctions Choke Medicine Imports

Erin Cunningham December 10, 2018
Economists project the latest round of US sanctions on Iran to have detrimental effects on the nation’s healthcare sector, according to the Washington Post. Sanctions on Iranian financial firms “could endanger the flow of humanitarian goods as foreign banks and outside suppliers abandon business ties with their partners in Iran, analysts and experts warn,” reports Erin Cunningham. Moreover, some...

RSIS: G20 and Time for Greater Multilateral Role

Pradumna Bickram Rana and Xianbai Ji December 4, 2018
The world’s 20 largest economies have met annually for 10 years, since the 1997-1998 Asian financial crisis, to plan economic cooperation. At this year’s summit in Argentina, the US and Chinese presidents agreed to a 90-day pause on the trade war and continue negotiations. The United States will delay raising tariffs on $200 billion worth of Chinese goods. G20 leaders also supported “necessary...

Sierra: Global Warming Will Be Catastrophic

Jonathan Hahn December 3, 2018
Only foolish or superstitious societies ignore clear evidence of danger and take chances. The science on climate change and a warming world is overwhelming, yet a small, vocal minority insists that there is no need for humans to take precautions by reducing reliance on fossil fuels. US government scientists released the fourth National Climate Assessment, as required by Congress. “The report is...

Project Syndicate: Impact of Chinese Recession

Kenneth Rogoff November 9, 2018
Economic recession, spurred by protectionist policies, is inevitable for China. Kenneth Rogoff, writing for Project Syndicate, rejects economic analysis suggesting that much of China’s problems could be regionally contained and argues that the China’s problems would quickly spread to international capital markets with so many foreign firms earning profits in Chinese markets. Asia’s high saving...