Food prices have spiked so high in August that many people around the developing world are having troubles to feed themselves. In the U.S. meat has become a luxury for many and the Department of Agriculture expects beef and veal prices to rise as much as 4.5 percent this year, and as much as 5 [...]
Alan Meltzer has a solution for the euro
WASHINGTON | “Capitalism without failure is like religion without sin, it does not work,” had already said Allan Meltzer in 1969. Pittsburgh’s Carnegie-Mellon University teacher and author of the monumental History of the Federal Reserve is the same conservative who advised John F. Kennedy and Ronald Reagan. Under Clinton’s presidency he was in charge of a [...]
Weekend | Obama chooses an unconventional candidate for the World Bank: will it calm developing countries?
NEW YORK | It could have been Hillary Clinton, one of the most well known US political figures; it could have also been Larry Summers, one of the most respected (and yes, also hated) figures in US economy; it may have even been Jeffrey Sachs, a very prestigious economist. But Obama has chosen a low [...]
China can no longer ignore its economic weaknesses
BEIJING | China’s belief that its model of development is legitimate is grounded on the fact that last decades’ rampant economic growth has been possible thanks to the very characteristics that define it. The leadership was convinced that, under such path, success was granted regardless of the fact that they were ignoring certain factors linked [...]
Facing up responsibilities
NEW YORK- After months of protracted negotiations over the national debt ceiling that brought the US to the brink of default and given the fact that the economy is weakening, Americans are running out of patience with political leaders, according to a Bloomberg National Poll released on Wednesday. 72 per cent say the country is [...]
