Showing 1 - 10 of 35
War in Ukraine Deepens Debt Woes Across Developing World
Business, Published on 19/04/2022
» The war in Ukraine is making it tougher for many emerging-market governments to make debt payments to foreign creditors, fueling concerns of potential crises that could shake markets and weaken the global economic recovery.
Venezuela creeps out of hyperinflation, but no one feels it
AFP, Published on 15/01/2022
» CARACAS - Economists say Venezuela has come out of a four-year cycle of hyperinflation, but citizens like pensioner Humberto Reco are still waiting to see the evidence.
Crypto: A curse worse than cash
Oped, Kenneth Rogoff, Published on 11/06/2021
» Ransomware -- a type of malicious software that restricts access to a computer system until a ransom is paid -- is not a good look for cryptocurrencies. Proponents of these digital coins would rather point to celebrity investors such as Tesla founder Elon Musk, Dallas Mavericks owner Mark Cuban, star football quarterback Tom Brady, or actress Maisie Williams (Arya in Game of Thrones). But recent ransomware attacks, and cryptocurrencies' central role in enabling them, are a public relations disaster.
Covid's Next Economic Crisis: Developing-Nation Debt
Business, Published on 28/07/2020
» Zambia was once a model in Wall Street's rush to issue debt for the world's poorest nations, attracting bigger orders and lower interest rates than some more-developed countries.
Argentina's national pastime: hating on the IMF
Business, Published on 02/01/2020
» BUENOS AIRES: Most countries have a historic villain. For Cuba, it is Uncle Sam. For some in the Middle East, it is Israel. Here in Argentina, many direct their rage at the International Monetary Fund.
At Davos, delegates talk down Trump but bet big on US
Reuters, Published on 25/01/2018
» DAVOS, Switzerland: Since Donald Trump won the US presidency, business has been booming for Monaco-based businessman Manfredi Lefebvre d'Ovidio.
At Davos, main attraction is Trump
Associated Press, Published on 24/01/2018
» WASHINGTON: One question looms as President Donald Trump packs his bags for Switzerland: How will the Diet Coke-loving nationalist fit in with the Champagne-sipping globalists he'll encounter at the World Economic Forum in Davos?
Xi: China ready for world leadership
Reuters, Published on 18/01/2017
» DAVOS, SWITZERLAND - Chinese President Xi Jinping offered a vigorous defence of free trade at the World Economic Forum in Davos on Tuesday in a speech that underscored Beijing's desire to play a greater global role as the United States turns inward.
The cashless society is just another creepy fantasy
News, Elaine Ou, Published on 21/10/2016
» It's fun to imagine a world without cash.
Fairer and safer to have a less-cash society
Business, Kenneth Rogoff, Published on 12/09/2016
» The world is awash in paper currency, with the central banks of major countries pumping out hundreds of billions of dollars' worth each year, mainly in very large-denomination notes such as the US$100 bill. The $100 bill accounts for almost 80% of the stunning $4,200 per capita cash supply in the United States. The ¥10,000 note (about $100) accounts for roughly 90% of all Japan's currency, where per capita cash holdings are almost $7,000. And, as I have been arguing for two decades, all this cash is facilitating growth mainly in the underground economy, not the legal one.