Economics & Finance

Is Paul Krugman Seeing Double or Just Hung Over?

Is Paul Krugman Seeing Double or Just Hung Over?

The Nobel Prize-winning economist is of two minds when it comes to the harbingers of China's coming economic doldrums.

What's the Goal of U.S. Sanctions Against Venezuela?

What's the Goal of U.S. Sanctions Against Venezuela?

Venezuela’s populist president is having a field day blasting new American sanctions. What is Washington hoping to accomplish?

Washington’s Big China Screw-up

Washington’s Big China Screw-up

U.S. efforts to oppose a $50 billion China-led infrastructure bank have backfired. Experts explain why.

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What's the Goal of U.S. Sanctions Against Venezuela?

Washington’s sanctions imposed on Venezuela earlier this month have been great for President Nicolás Maduro. Within days of the March 9 restrictions, he’d gotten the ...


If You Can’t Beat ‘Em, Join ‘Em?

After having failed to convince allies to reject Beijing’s invitation to join a new multilateral development bank to build roads and bridges, U.S. officials now ...

76323493 The Cable

Clinton: U.S. Should Consider German Model for Saving Jobs

When times are tough in Germany, Berlin staves off unemployment by paying for private jobs with government subsidies. Hillary Rodham Clinton, a presumed Democratic 2016 ...

Mario Draghi Holds Final Press Conference In Old ECB Building

Why Mario Draghi Is Too Optimistic

If you look to the eurozone’s stock markets as guides to the region’s economic prospects, you might think the future is looking bright. The EURO ...

Janet Yellen Holds Press Conference On Interest Rates

Are Emerging-Market Investors Heading for the Exits?

Federal Reserve Chairwoman Janet Yellen cleared the way for the end of the Fed’s zero-interest rate policy Wednesday, a move that could roil emerging economies ...

76327417 Voice

The Secret to Making China’s Economy Grow Forever

Forget the euro -- in the next five years, the most important story in the global economy will be the pace and success of China's ...

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Argentina's Elections Won't Be the End of Its Economic Problems

For millions of Argentines, the presidential election in October can’t arrive soon enough. Thanks to term limits, Cristina Fernández de Kirchner must step down, and ...


Breaking Up Sanctions Is Hard to Do

A historic nuclear deal is in sight, but unraveling the web of financial embargoes, asset freezes, and restricted oil sales won’t be easy.

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Nothing New on the Nile

This weekend, the Egyptian government will welcome delegates from around the world to the resort town of Sharm el-Sheikh for an investment conference described by ...

76320551 Best Defense

Thanks 4 your service, now pay your dues!

By Christopher Evanson Coast Guard Co-Chair, Best Defense Council of Former Enlisted Last week I began an unpaid internship at the U.S. Department of State. ...


Are U.S. Sanctions a Gift to Venezuela?

Sanctions issued against Venezuelan leaders this week were meant to punish Caracas’s harsh crackdown on the country’s political opposition. Instead, they may have played right ...

Bundestag Swears In Germany’s New Coalition Government

Is the Euro Compatible With Democracy?

“New elections change nothing,” asserted Germany’s finance minister, Wolfgang Schäuble, ahead of the Greek vote in January that swept into office a radical-left government pledging ...


West Threatens New Sanctions Against Russia

U.S. and European leaders are threatening further sanctions against Moscow over Ukraine, but it’s unclear what measures are on the table and what Russian actions ...

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Transfer Denied: The Hidden Costs of Washington’s War Against al-Shabab

COLUMBUS, Ohio — As a child, Noor Dubow fled war in his homeland of Somalia. Growing up, he fought constantly against hunger while living in ...

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The Curse of Chávez’s Ghost

The precipitous 50 percent collapse in global oil prices since June of last year has laid bare Venezuela’s flimsy economic foundations. The failure of the ...

Euro Faces Continued Uncertainty

The Euro Was a Bad Idea From the Start

After frantic eleventh-hour negotiations and continent-wide hand-wringing, eurozone authorities and Greece’s new left-wing government have reached a deal. If you’re surprised, you shouldn’t be. A ...


It’s Time to Kick Germany Out of the Eurozone

Last year, Germany racked up a record trade surplus of 217 billion euros ($246 billion), second only to China in global export dominance. To some, ...


State Department Not Alarmed by Shutdown of Money Flow to Somalia

Many companies that send money from immigrants in the United States to friends and family in Somalia shut down this week, but the State Department ...


U.N. Envoy to Somalia Warns Against Cutting Off Remittances

The United Nations’ top official in Somalia warned that thwarting payments sent home by immigrants abroad will cut off a lifeline for Somali families and ...


Ukraine Fights Second Enemy: Corruption

While Ukrainian troops are fighting off a renewed offensive by separatists in the east, Kiev is launching a new battle against corruption in the ranks ...


Welcome to the Backlash Era, Europe

“Yes We Can” may be a stale slogan in Obama’s America, but in crisis-hit Spain it is the rallying cry of a year-old radical-left party ...


The Secret Berlin’s Bankers Don’t Want Europe to Know

Germany’s tough love for eurozone laggards is all for the public good, they say. But the truth is that keeping Greece in the common currency is only good for a certain part of the public.

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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 ...

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 ...



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    March 2015 Issue Cover