For four decades after World War II, climate change and job-displacing artificial intelligence were not on anyone’s mind, and terms like
The Age of Megathreats
Continue Reading
Featured
The Entrepreneurial State Must Lead on Climate Change
As a much-touted green alliance of financial institutions crumbles, the private sector has once again proven unequal to the task of climate
A Drunkard’s Search: Ageism and the Labor Shortage
The developed world is facing a historic labor shortage and the answer is to hire more older workers…yet, ageism is a pernicious hurdle.
The Muddled Politics of US Inflation
While today’s inflationary surge is nothing like the hyperinflationary episodes of the twentieth century, its long-term impact may reverberate
More Trick than Treat
Trick or treat? This cycle still looks more likely to deliver the mischievous than the sweet.
The Case for Structural Financial Deglobalization
The strengthening US dollar and rising borrowing costs have left developing and emerging-market countries between a rock and a hard place.
Who Broke American Democracy?
Democracy is premised on equality, and all citizens are supposed to have an equal chance to influence political decisions. But for too long
The Bond Vigilantes are Back
Governments are beholden to both the public via their representatives in parliamen and the financial markets. Sometimes those ‘constituents’
China Takes Center Stage
Chinese President Xi Jinping seems determined to use his unprecedented third five-year term to reshape international institutions to suit
Could It Happen Here?
The exact experience of the UK crisis will probably not be repeated elsewhere, but financial stress and crises are the norm when monetary
Crime and US Mid-Term Elections
Crime, not the economy, may be the critical swing factor in the upcoming mid-term elections.
The Implementation COP
Many are calling the upcoming UN climate change conference in Egypt “Africa’s COP.” But Africans prefer to see it instead as “the
Saudi Arabia Swings Toward Russia
In the short term, Western countries seeking to counter the Kingdom’s swing-producer power could release additional strategic reserves
Is a Bottom in Sight?
Stocks and bonds will not find a sustainable bottom until investors are confident that market prices fully discount the degree to which central
A New Chance for the World Bank
The World Bank should be a major vehicle for crisis response, post-conflict reconstruction, and, most importantly, for supporting the huge
The Global Recovery Winds Down
The severity of the global downturn is compounded by policy error. Avoiding a deeper slump will require a course correction.
Where Has All the Liquidity Gone?
Financial markets have become accustomed to central bank liquidity. Weaning them off won’t be easy.
Recession Watch
Don’t be fooled by mixed signals. The world economy is slowing down and recessions are arriving.
The Stagflationary Debt Crisis Is Here
The Great Moderation has given way to the Great Stagflation, which will be characterized by instability and a confluence of slow-motion negative
When the Fed Stops Trying
One can debate whether there is still a narrow path by which the United States could avoid both secular stagnation and stagflation in the
No Security Without Climate Security
Climate change poses an existential threat to humanity, but the US defense apparatus has not treated it accordingly, because it does not fit
The Final Quarter
In American sports, the final quarter is often when the game is decided. Investors hope Q4 will salvage an awful year — they may be disappointed.
Geopolitical Davids and Goliaths
The world’s largest and most well-established powers are all stuck in traps created by their own historical obsessions – be it memories
Preparing for the Next Global Catastrophe
The end of the pandemic may be in sight, but COVID-19 could be a harbinger of future calamities. If global leaders do not establish equitable