In The News

Europe Flood Losses to "Increase Fourfold" by 2050

Matt McGrath March 5, 2014
Forecasting models predict flood damage losses could increase fourfold for Europe by 2050. Governments are not engaging in adequate planning. “The scientists believe that the continent's annual flood costs may be 23.5bn euros by the middle of the century,” reports Matt McGrath for BBC News. “Two-thirds of the projected increase in flood damage will be caused by human development, not climate...

Romania: Chinese Are Coming!

Raluca Besliu March 4, 2014
Communist Romania, in 1949, was one of the first countries to recognize the communist People’s Republic of China. In 2007, Romania joined the European Union and has felt like a second-class member since – a market for European goods and services, but not a full partner. Prime Minister Victor Ponta is striving to demonstrate to Europe that Romania has alternatives by selling resources to China: “...

Ukraine After Yanukovych

David R. Cameron February 27, 2014
In November, Ukraine’s President Viktor Yanukovych rejected signing an Association Agreement with the European Union and later negotiated a bailout deal with Russia. Months of protests led to a week of violence and culminated in Yanukovych’s removal from office. The parliament moved swiftly to reorganize: demobilizing the police, firing most of the government ministers, and electing Oleksandr...

Putin’s Gas-Fueled Bailout of Ukraine

David R. Cameron January 2, 2014
Ukraine’s government has decided to link its fortunes to Russia, accepting a bailout worth billions after the European Union and the International Monetary Fund offered mere millions combined with tough conditions. Russia will settle a disputed gas bill, reduce the price of future gas deliveries, end some customs controls and import quotas recently imposed and provide financial assistance in...

Why Do We Value Gold?

Justin Rowlatt December 23, 2013
Historically, governments and investors have revered gold. Justin Rowlatt of the BBC News questions the reasons behind this value while also reporting on the British Museum’s exhibition on pre-Columbian gold artifacts. A chemistry professor quoted in the story points out that gold is distinctive. Gases, alkaline metals and other elements are simply too unstable or difficult to smelt. Gold is...

Worries About the World Economy for 2014

David Dapice December 20, 2013
Uncertainty and uneasy interdependence characterize a 2014 forecast on global economic growth. High rates of unemployment persist in developed economies while emerging economies rely on those nations for exports and jobs for their own citizens. The International Monetary Fund forecasts 3.5 percent growth for 2014 – or less – and economist David Dapice analyzes factors that could hamper that...

How to Avert Another Debt-Ceiling Crisis

James Leitner, Ian Shapiro November 15, 2013
The United States borrows 46 cents for every dollar it spends, and despite congressional approval of the expenditures, a few members cling to a self-imposed debt ceiling, insisting that partial default may bring new discipline and spending priorities. “Had the debt ceiling been breached, the damage to the U.S. and world economies could have been measured in trillions of dollars,” write James...