CAMBRIDGE – Forget the stock market and the low unemployment rate: the US economy isn’t working. Productivity growth, a key gauge of economic health, remains historically low. Median wages, an indicator of middle-class living standards, have barely grown in four decades. Inequality is high, and market power is increasingly concentrated in the hands of just a few companies. Americans used to dismiss Europe as the land of government-protected, noncompetitive firms. Now, European markets in most industries appear more competitive than those in the United States
Gleaned from the pages of a book purchased by accident at the University of Nebraska, Warren Buffett's investment philosophy–buy and hold stocks forever–has proven to be one of the best-performing strategies of all time. It has also paid off particularly well this past decade
NEW YORK – Judging by his appointment of a first-rate economist to his cabinet as Minister of Economy, Argentina’s new president, Alberto Fernández, is off to a good start in confronting his country’s economic problems. Martin Guzmán, with whom I have frequently collaborated in recent years, is among the world’s leading experts on sovereign debt and the problems it can cause, making him the right person in the right place at the right time
Two Kazakhstan based projects have won prestigious 2019-20 International Property Awards. Chapman Taylor Architects received an award for Best Retail Architecture for their Mega Silk Way project and Toghrulkhan received an award for Best Surface Design for their Residence in Taugul project
NEW YORK – US President Donald Trump thinks that anti-Semitism is a serious problem in America. But Trump is not so much concerned about neo-Nazis who scream that Jews and other minorities “will not replace us,” for he thinks that many white supremacists are “very fine people.” No, Trump is more worried about US college campuses, where students call for boycotts of Israel in support of the Palestinians
WASHINGTON, DC – After nearly 18 months of tit-for-tat tariff increases, the United States and China have reached a “phase one” agreement to start de-escalating their trade war. As part of the deal, US President Donald Trump canceled further tariff increases on Chinese goods that had been scheduled to take effect on December 15, and halved a 15% tariff on $120 billion worth of imports from China. As for China, it shelved its planned retaliatory measures and committed to import some $50 billion worth of US agricultural products in each of the next two years
The shale revolution that was born in the U.S. in the 1980-s, has gone through a long period of industry rejection, skepticism and disbelief that the shale hydrocarbon resources could possibly be untapped with hydraulic fracturing technology