Economics & Finance

Longform’s Picks of the Week

Longform’s Picks of the Week

The best stories from around the world.

Steamrolled: The Murky Intersection of U.S. Diplomacy and Business Abroad

Steamrolled: The Murky Intersection of U.S. Diplomacy and Business Abroad

How a U.S. ambassador helped mega-contractor Bechtel sell Kosovo a $1.3 billion highway it didn't need -- and couldn’t afford.

Is the new Greek government ready to cut a deal or will we see more market-rattling rhetoric?

Is the new Greek government ready to cut a deal or will we see more market-rattling rhetoric?

Maybe the new Greek leaders are ready to temper the campaign rhetoric and deal with Greece’s economy. Unlikely.

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Is the new Greek government ready to cut a deal or will we see more market-rattling rhetoric?

Talk is not cheap for the new Greek government. But it’s unclear when new Prime Minister Alexis Tsipras will dispense with market-rattling rhetoric and get ...


Bank Crackdown Threatens Remittances to Somalia

Somali-Americans could find it much harder to send money back home to friends and family after next week. Merchants Bank of California, which handles 60 ...


Political Risk Analysts See Ukraine as a Risky Bet Over the Next 10 Years

Subject to Western sanctions and accused of stirring instability, Russia is, unsurprisingly, a bad bet for global investors. A new analysis out Wednesday concludes that ...

Eurozone Debt Crisis – General Imagery

Sisyphus Just Needs a Hand

Life in Europe these days often feels like a world in which boulders are slowly rolled up steep hills, only to come crashing back down ...

76398054 Transitions

Venezuela’s Magic Number

On Wednesday, Jan. 21, Venezuelans anxiously listened to President Nicolás Maduro give his yearly address to the National Assembly. Much was riding on his performance. ...

Greece Prepares For This Weekend’s General Election

Greece’s Hope and Change Moment

ATHENS — On a frigid Friday night in mid-January a swarm of journalists from Greek and international media waited outside a cultural center in central ...

Greece Prepares For This Weekend’s General Election

The ECB’s Q.E.D.

Will the European Central Bank’s 1.1 trillion euro quantitative easing prove enough to get the Eurozone economy back on track?

76328639 Passport

Egypt to Investors: Autocratic Government Means We’re Safe for Business

A year and a half after Egypt’s generals seized power in a coup from the Muslim Brotherhood, Investment Minister Ashraf Salman arrived in Washington this ...

76395769 Argument

The ECB’s Damned-If-You-Do QE Moment

The eurozone is in a dreadful mess. The currency area’s economy is stagnating: It grew by only 0.8 percent in the year to the third ...


Davos Diary: Here Are the Top Three China Stories to Watch Out For

There's a saying that the shakier a major country's economy is, the bigger splash it tries to make at the World Economic Forum’s annual meeting, ...

76327417 Dispatch

Has Matteo Renzi Lost His Mojo?

ROME — Last September, five months after he became prime minister, Matteo Renzi, with great fanfare, launched a website called Passo Dopo Passo (“Step by ...


How Russia’s Sinking Economy Could Provoke Unrest on Its Doorstep

With oil prices plummeting, the ruble tanking against the dollar, and the Russian economy squeezed by Western sanctions, Russian Prime Minister Dmitry Medvedev on Monday ...

9331561 Argument

A Holiday Surprise for India’s Economy

What a difference a week makes in India. As I argued last week, Prime Minister Narendra Modi’s plan to boost labor-intensive manufacturing, expand youth employment, ...


Why Greece Needs Syriza to Win

European politics normally pauses for the Christmas break. But this time it erupted with a vengeance. On Dec. 29, Greek parliamentarians rejected the government’s candidate ...


Insurance Companies in the Cross-Hairs of Terror Funding Crackdown

British legislators are considering a new bill that takes aim at a small, secretive niche in the insurance industry that deals with kidnapping and ransom, ...

The South Asia Channel

Sustaining Afghanistan’s Economy

One-third of Afghans live in absolute poverty and more than one third live slightly above the poverty line. Drug trafficking and corruption have prolonged Afghanistan’s ...

Military Museum Of Chinese People’s Revolution Opens To Public Free

The Year the Training Wheels Came Off China

A mini-milestone is upon China: It is likely to end 2014 with a $10 trillion economy, making China only the second country after the United ...


India Could Still Be a Manufacturing Powerhouse

Can India become a manufacturing powerhouse? Its new Prime Minister Narendra Modi certainly hopes so. Though his country has lately made its name by producing ...


Insuring Against Terrorism, Without the Training Wheels

Is government-backed terrorism insurance crucial to the operation of everything from ports to football stadiums? Or is it just a taxpayer-funded subsidy that Big Business ...


The U.S.-Led Push to Bankrupt the Islamic State Isn’t Working

Washington knows it can't win until it stops the terrorist group from raking in cash. Problem is, they don’t know how to do it.

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Believing it Can Remake the Regime in Havana Is the Worst Kind of American Exceptionalist Fantasy

When the New York Times decides to run a banner headline in virtually every one of its domestic and international editions, it usually means something ...

7106975 Report

Even if the U.S. Lifts the Embargo, Castro May Get the Last Word

This week’s surprise rapprochement with Cuba raises tantalizing prospects for U.S. companies: the decades-long American embargo could be lifted, giving the firms access they haven’t ...

76327417 Feature

Not Everything Is Chugging Along Smoothly for China's International Rail Expansion

The railroad barons of China made their largest overseas deal ever on Nov. 19, signing a $12 billion contract with the government of Nigeria to ...


Who Will Foot the Bill in Ukraine?

When it comes to fighting the economic battle over Ukraine, the West has been much more willing to hit Russia in its pocketbook than play ...


Terrorism Risk Insurance Gets House Extension

House Republicans and Democrats found common ground on backing the terrorism insurance industry and voted to extend a federal backstop for the industry Wednesday, as ...

76393457 Voice

Can Anything Save the Ruble?

Woe to Russian consumers who like Swiss watches with their Italian suits -- or even furry Australian boots with their Chinese disposable fashion. The ruble ...

30437889 COLUMN

Can China’s Central Bank Ever Be Independent?

Eventually, it seems, the pressure was just too much. The governor of the People's Bank of China (PBOC), Zhou Xiaochuan, and his colleagues didn't want ...

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    January 2015 Issue Cover