Professor of Economics at Columbia University Martin Uribe strongly believes that the Eurozone needs structural changes to tackle the crisis, especially in fiscal matters. For this expert in macroeconomic analysis, who has worked for many universities and institutions including the European Central Bank, the lack of tax policy at a European level is condemning the least [...]
America’s economic unhappiness
Two thirds of Americans feel suspicious or skeptical about their country’s economic situation. According to a Gallup poll, only 23 percent said they were satisfied with the way things are going in the United States, down from a 28 percent satisfaction rate last month. Three months before the presidential elections, figures and sondages are multiplying. [...]
Standard Chartered pays fine to save its New York business
For days, Standard Chartered executives had been negociating with multiple law-enforcement officials in New York in order to settle claims that it laundered $250 million for Iran. The final move came on Tuesday, when the british bank decided to open its wallet. The $340 million deal is huge, only beaten by the one reached by [...]
Do you rather get a bonus or a pingpong table?
Several weeks ago we dedicated our summer series’ interview to talk about gamification as a productivity and staff engagement booster. But there are other techniques to make office life more interesting or compelling. Decent health plans, employee tuition reimbursement, work life balance and a good year end bonus are some of the top-tens for employees. [...]
Paul Ryan, the man who wants to avoid “European sclerosis”
Interested in the world’s economy? There’s somebody you should meet. He doesn’t have an outstanding experience in the private sector but is determined to drastically cut U.S. government spending, boost market flexibility and avoid the “clouds” that are coming from Europe. If Republicans make it to the White House in november, Congressman Paul Ryan, Mitt [...]
US debt and the irrevocable euro
By Luis Arroyo, in Madrid | In this excellent analysis, Tim Duy forecasts a moderate but continued 2 percent GDP growth rate for the US unless global risks drag it down. But the debate over there seems to turn around what else could have been done to fill the gap the breaks open in 2008, [...]
US drought drives up food prices
If you take a map of the US, you’ll see that almost two thirds are under severe drought warning this summer. Thirty-three states are colored red, longing for rain. Some farmers in Missouri haven’t seen clouds in the sky for more than three months. Ranchers fear that soon they might have to sell their cattle. [...]
How close is Washington from a fiscal cliff?
After months focused on the eurodrama, markets are starting to care more about the so-called fiscal cliff, a popular shorthand term used to describe the situation that Washington will face at the end of this year. Bush tax cuts are set to expire unless Republicans and Democrats agree on how to extend them and who [...]
Standard and Iran: another punch in the face for the banking sector
It’s definitely not the best time for British banks. The last one under the spotlight is Standard and Chartered, until now regarded as a darling of the financial sector. The emerging markets-focused lender which managed to escape the effects of Europe’s debt crisis may now lose its operating licence in New York: US regulators alleged [...]
“The Euro will be salvaged but it will be a close call”
The Corner continues with its summer series of interviews about the future of Europe seen by international experts. Today, New York University Economics Professor Lawrence White gives his take. He has been with New York University Leonard N. Stern School of Business for more than 30 years. His primary research areas of interest include financial [...]
