Economics

September 19, 2014

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Is an Education Gap Fueling Income Inequality? 2014 has been the year of “income inequality.” French economist Thomas Piketty’s massive book Capital in the 21st Century was published in English, and strangely rose to the top of the bestseller lists (something...
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August 28, 2014

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China Deepens Reform and Privatization of State-Owned Enterprises We wrote a few weeks ago that events in China show Xi Jinping decisively consolidating his power — specifically, the downfall of Zhu Yongkang, a former member of the Politburo Standing Committee and...
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August 22, 2014

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What Is the Bond Market Telling Us? Interest rate levels have been confounding many professional investors around the globe. U.S. government benchmark 10-year interest rates began 2014 near 3.00 percent, but they have been sliding back to about 2.40 percent recently. The...
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July 17, 2014

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India — Modi’s Budget Is Growth-Oriented and As Expected The release last week of the first budget from India’s new administration was about what investors expected.  The Indian stock market had already run up substantially this year in anticipation of...
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June 26, 2014

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Cash Influx Into Peripheral Europe Grows Again Foreign direct investment into the peripheral countries of the Eurozone was in retreat from 2007 on. Inflows are still low compared to pre-crisis levels, but there are signs that there is renewed appetite for...
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June 12, 2014

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Japanese Prime Minister Shinzo Abe Gets Support For Corporate Tax Cuts Japanese Prime Minister Shinzo Abe has struggled to maintain the momentum of the ambitious reforms he set in motion when his party came to power in December, 2012. Broadly, those...
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