Inaction on Healthcare Prices is the Fatal Flaw that Dooms the ACHA to Failure

Inaction on Healthcare Prices is the Fatal Flaw that Dooms the ACHA to Failure

photo: Tax Credits Republican reformers have repeatedly promised affordable healthcare for all Americans — doubly affordable, in fact. They promise to put premiums and out-of-pocket costs within reach of low- and middle-income consumers, and at the same time, that the plan will be affordable to the federal budget, even given the constraints their most conservative members […]

Do Country Ties of Credit Rating Agencies Matter in the Sovereign Rating Process?

Do Country Ties of Credit Rating Agencies Matter in the Sovereign Rating Process?

Worse ratings by U.S. rating agencies for European sovereigns no argument for European rating agency The predominant Credit Rating Agencies (CRAs) Moody’s Investor Services (Moody’s), Standard and Poor’s (S&P), and Fitch Ratings (Fitch) have been criticized by leading European politicians for taking an anti-European perspective during the European sovereign debt crisis. At the same time, […]

The Story of the U.S. Regime Change Plan in the Philippines

The Story of the U.S. Regime Change Plan in the Philippines

photo: Brian Evans As long-needed economic reforms are taking off in the Philippines, regime change plans have been prepared in the US State Department against a democratically-elected president who enjoys very high popular support.    During the Philippine presidential campaigns in spring 2016, U.S. Ambassador Philip Goldberg sided visibly with anti-Duterte forces, which led to several […]

The Changing Fortunes of the Renminbi and the Dollar

The Changing Fortunes of the Renminbi and the Dollar

Photo Last fall the International Monetary Fund announced that China’s currency, the renminbi, would be included in the basket of currencies that determine the value of the IMF’s reserve asset, the Special Drawing Right (SDR). The IMF’s statement appeared to confirm the rise in the status of the currency that could at some point serve as an […]

Will Sovereign Wealth Funds Go Green?

Will Sovereign Wealth Funds Go Green?

Source Sovereign Wealth Funds (SWFs) currently have a very limited role in climate finance and green investment, reportedly below the average for institutional investors. According to the Asset Owners Disclosure Project (AODP), which evaluates institutional investors on the basis of their low-carbon performance, five of the 10 lowest-rated large investment funds were SWFs. However, the […]

The Trump Trade Doctrine and Bilateral Trade Balances

The Trump Trade Doctrine and Bilateral Trade Balances

photo: Gage Skidmore Trump Trade Doctrine Donald Trump campaigned against bad trade deals, and he promised to negotiate “better deals”. The exact meaning of a better trade deal for America was revealed in a document, “Scoring the Trump Economic Plan”, written by advisors Peter Navarro and Wilbur Ross. Navarro will head the new White House National […]

Trump Tariffs Threaten to Undermine World Trade in 2017

Trump Tariffs Threaten to Undermine World Trade in 2017

Photo: Dirk Dallas As world trade and investment have plateaued, globalization has ground to a halt. The timing could not be worse for the Trump tariffs. In the recent Central Economic Work Conference, stability became the common denominator for China’s economic planning in 2017. And next year, the new central committee will is likely to speed […]

Why Are Foreign Nations Dumping US Treasuries

Why Are Foreign Nations Dumping US Treasuries

photo: Kurtis Garbutt Recently, foreign holders of US treasuries have been dumping their holdings more and at record pace. Optimists see it as a temporary fluctuation. Realists warn about structural change. According to US Treasury data, major foreign holders of US treasury securities have been reducing their holdings by almost $250 billion since March. The pace […]

Seeing Past US Hegemony: A Liberal Global Trading System Without the United States

Seeing Past US Hegemony: A Liberal Global Trading System Without the United States

photo: Bridget Coila Can the global liberal international trading system survive without the participation of the United States? Given the probability of Donald Trump taking office as US President on 20 January 2017 (crisis of legitimacy and Russian interference in US elections notwithstanding), the question must be asked and answered. The world’s nations, transnational firms, and […]

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