As the world convenes to address climate change, it may take sticks as well as carrots to meet emissions targets. Tariffs on laggard nations
The Path to Climate Credibility
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Clean Energy Has Won the Economic Race
Even as major oil companies report record profits, the tide is turning against them and fossil fuels. The future belongs to renewables.
When Boom Turns to Bust
Parents shouldn’t spend their children’s money. But when it comes to healthcare and pensions, intergenerational injustice is enormous.
Colin Powell and the Meaning of Charisma
Colin Powell was not perfect, but he was a great leader. And like all great leaders, he had genuine charisma.
The True Costs of Government Spending
While all politicians exaggerate, US President Joe Biden’s claim that his proposed $3.5 trillion spending package “costs zero dollars”
France, Britain and an Acrimonious Divorce
The spat between France and Britain over Northern Ireland is a tricky one. Its roots run deep in the EU experiment.
Changing of the Guard
The world is adrift, yet investors are unconcerned. That’s collectively unwise.
China Must Restore Growth
Evergrande has exposed China’s fundamental growth vulnerability—an excessive reliance on debt. Structural reform is required now more
Ending Hunger Sustainably
Ending hunger, malnutrition and food insecurity is not at odds with custody of the planet. Data, technology and public-private partnership
Trick or Treat
Markets are enjoying a treat of strong profits growth. Beware the trick of supply chain disruptions that are boosting costs, impeding output
A New Global Economic Consensus
Now that the COVID-19 pandemic has highlighted the deficiencies of economic deregulation and market liberalization, a new policymaking paradigm
The Bitcoin Fountainhead
Bitcoin is a libertarian gimmick. Much needed restoration of faith in public finance and fiat money remains the best way to achieve financial
The Hinge of History
Is there intelligent life elsewhere in the universe? Perhaps. But as a species, we must do our utmost to ensure our survival. Ridding poverty
How Patient Are Investors?
As the third quarter earnings season kicks off, all eyes will be on cost pressures. Margin compression is a concern, but the biggest questions
Dancing with the Debt Ceiling
Even in 2013, a year of partisan rancor, Democrats and Republicans agreed to suspend the US federal government’s debt ceiling just a week
China’s Risky Business Crackdown
Chinese President Xi Jinping’s effort to control China’s private sector is agreeable in its stated intentions, but questionable in its
Filtering Out the Noise
Markets have become more volatile. That’s unsurprising, given high valuations, moderating growth and peak earnings. But volatility is also
Supporting Afghan Refugees Over the Long Term
The bi-partisan support in the United States for welcoming Afghan refugees is heartening. But how long will it last?
Germany’s New Beginning
German voters have voted for a fresh start to confront the challenges of the twenty-first century.
Preventing an Evergrande Confidence Crisis in China
A looming default by the Chinese property developer Evergrande has sent shock waves through global capital markets. The Chinese government
Emerging Debt: Time to Restructure
Covid-19 did not derail the global economy, but the hard part could well be just the beginning.
Evergrande, Not So Grand?
Evergrande is not China’s Lehman and a western style debt crisis will not be allowed to play out in China. Still, investors should prepare
The Right War for the US and China
Either everyone wins the fight against climate change, or no one does. So, while the world’s great powers – especially the United States
Taming the Stagflationary Winds
Rising inflation and declining growth are more likely to be a part of the global economy’s upcoming journey than features of its destination.