This week it was the turn of Apple’s Chief Executive Tim Cook to sit in the Congressional hot seat. With lights blazing and cameras rolling, a bipartisan lineup of Senators grilled him about the relatively small amount of tax the company pays on its substantial corporate profits. According to a New York Times account of [...]
In a speech delivered Tuesday to the Japan Society in New York City, Federal Reserve Bank of New York President William Dudley offered his view on how he might assess the appropriate pace of the Federal Open Market Committee’s (FOMC) current $85 billion per month asset purchase program: Let me give a few examples of how my [...]
The world is now in Phase Three of the al Qaeda threat. This Phase is the ultimate dispersed threat – the most difficult to control and potentially the most dangerous. Phase One of the al Qaeda threat spanned the period when Osama Bin Laden founded the organization in Afghanistan in late 1988 and its being [...]
Abenomics or the real-time experiment
Can one man's bold moves solve all the problems?
Must ReadUnited States
The ongoing weakness of America’s economy – where deleveraging in the private and public sectors continues apace – has led to stubbornly high unemployment and sub-par growth. The effects of fiscal austerity – a sharp rise in taxes and a sharp fall in government spending since the beginning of the year – are undermining economic [...]
If the current and achievable growth goal of 7.7% could be sustained in the coming years, Myanmar would emerge as the next Asian tiger – but not without inclusive growth.