- Countering the Contagious West
Despite their strong fundamentals, emerging countries still feel vulnerable in the face of the West’s economic weakness, policy shortfalls, and political paralysis.
- The ECB's Moment of Decision
Nonetheless, with the crisis now becoming systemic, the ECB must take up the fiscal-transfer baton that eurozone leaders have so unceremoniously fumbled.
- BYD Plummets with Mounting Troubles
Shares of the Warren Buffett-backed BYD Co. have plummeted since last week amid mounting troubles like gloomy earning forecast, safety problem of vehicles and a large scale of lay-offs
- The Fear Factor
We need not tolerate 9% unemployment as the new normal. Confidence is a self-fulfilling prophecy, and we can, and should, manage it by direct intervention in asset markets.
- Thinking the Unthinkable in Europe
To resolve Europe’s sovereign-debt crisis, it is now imperative to prepare for the possibility of default and defection from the eurozone by Greece, Portugal, and perhaps Ireland.
- The Economics of Peace in Afghanistan
One main objective should be to transform Afghanistan’s vast underground economy, which has thrived, by creating profitable opportunities for Taliban and other groups involved in the fighting.
- Boat Sinking Killed 12 in South China
The death toll from a ferry that capsized in Shaoyang, a county in South China's Hunan Province, has risen to 12 with 9 of them teenage students.
- The Banking Conundrum
An active competition policy will be needed. But the degree to which the authorities will be able to push for more competition in banking will depend crucially on the regulatory framework.