In The News

After Obama’s Visit, India-US Relations Must Not Be Allowed to Drift Again

Nayan Chanda January 23, 2015
As the world’s two largest democracies, India and the United States have little choice but to endure the minor frictions that test relations and draw fierce public response – for example, the arrest of an Indian diplomat in New York City. President Barack Obama is returning to India for his second visit to join the country’s Republic Day celebrations. “The significance of a sitting president...

Central Bank Prophet Fears QE Warfare Pushing World Financial System Out of Control

Ambrose Evans-Pritchard January 23, 2015
To escape lingering economic malaise, the European Central Bank announced plans to engage in stimulus spending by printing euros to purchase an array of bonds – €60 billion each month at least through September 2016 for a total of at least €1 trillion. The proposal was double what analysts had expected. The rescue comes late amid currency wars and efforts by other central banks to keep bank...

Obama in India: Time to Get Serious on Common Goals

Vikram Mansharamani January 22, 2015
As the world’s two biggest democracies, India and the United States share many interests on trade, investment and security matters. US President Barack Obama will attend India’s Republic Day celebration on January 26, and many in business and government look forward to a stronger partnership between the two countries on energy, manufacturing and IT. “If Modi and his team can help get India out of...

Grexit Grumblings: Germany Open to Possible Greek Eurozone Exit

Nikolaus Blome, Giorgos Christides, Christian Reiermann and Gregor Peter Schmitz January 6, 2015
The eurozone has economies in flux. Lithuania celebrates entry while Greece ponders an exit. Greeks vote in parliamentary elections on January 25 and many resent austerity measures imposed by Germany and other neighbors, explains an article in Spiegel Online: “the North-South conflict's focus is the German-designed austerity and reform program that all crisis countries have had to adopt in...

Globalization Is in Peril, Bankers Say

Peter Coy December 10, 2014
The Institute of International Finance warns about restricted flows for capital in a report "Financial Globalization: Maximizing Benefits, Containing Risks." The report analyzes “the slowdown of cross-border flows and raises concerns that while the recent regulatory agenda should help to ensure a more stable and secure financial system, the extensive benefits from cross-border flows...

Creativity, Corporatism and Crowds

Robert J. Shiller November 26, 2014
Inventors and inventions drive economic growth, and it’s not just the titans like Thomas Edison who created new industries by filing hundreds of patents for products like the phonograph, the movie camera, an incandescent light bulb. By experimenting and comparing results, workers at different levels can streamline operations or create new products. Many inventions emerge at the workplace, but the...

China, The New Indispensable Nation?

Steven Mufson November 19, 2014
China is adapting to its role as an indispensable nation, argues Steven Mufson in an opinion essay for the Washington Post. The world’s second largest economy, also the largest emitter of greenhouse gases, is indispensable on a number of fronts, particularly climate change: “while America still possesses unparalleled military superiority and bears a unique burden in intervening in foreign...