Financial crisis

modi

Why Is PM Modi Blaming Indira Gandhi for India’s Cash Crisis?

A present political conflict may explain why India's prime minister is blaming the past for his problems.

NEW YORK, NY - SEPTEMBER 03:  GOP presidential front-runner Donald Trump speaks at a news conference in Manhattan after he signed a pledge Thursday to support the Republican nominee in the 2016 general election, ruling out a third-party or independent run on September 3, 2015 in New York City. Trump made the announcement following a meeting with  Republican National Committee chairman Reince Priebus. Trump stressed repeatedly in the news conference that he is leading in all national polls.  (Photo by Spencer Platt/Getty Images)

If Anyone Can Bankrupt the United States, Trump Can

The president-elect’s economic plan is a ticket to debtor’s prison.

OscarBCastillo1

Inside Venezuela’s Prison Underworld

Behind bars, a vibrant community of barber shops, DJs, and churches thrives. But the gangs in charge also ensure a consistent flow of drugs and cash.

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The Weird New Normal of Negative Interest Rates

The United States, Germany, and other economic powerhouses haven't learned the dire lessons of Japan's lost decades.

This picture shows the headquarters of the Monte dei Paschi di Siena bank on July 2, 2016 in Siena, in the Italian region of Tuscany.
Italy's number-three bank, Banca Monte dei Paschi di Siena, took a hammering on the stock market on July 4 as the European Central Bank told it to slash its large bad-debt burden. Investors, many of them shaken by Britain's vote to leave the European Union, are fretting over the fragile balance sheets of debt-laden Italian banks. Banca Monte dei Paschi di Siena, or BMPS, is among the banks at the forefront of those concerns with gross bad loans amounting to 46.9 billion euros ($52 billion).
 / AFP / GIUSEPPE CACACE        (Photo credit should read )

Europe’s Future Will Be Decided at a Quaint Renaissance Italian Bank

Italy’s third largest bank needs a bailout. What happens next could mean a revolution in Rome – or in Brussels.

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Building on Sand

Out of cash and out of options, America's cities need a new plan—and they might need Washington to design it.

Original Sin Final Flap

New Credit Junkies

Emerging markets are developing a dangerous debt habit.

epa03644228 A Laiki Bank clerk hands out money at his bank's branch in Nicosia, Cyprus, 29 March 2013. Banks across Cyprus returned to normal opening hours on 29 March after the government enforced strict capital controls to save the country from a bank run. The measures, which include a daily withdrawal limit of 300 euros, a ban on cashing cheques and a 1,000 euro limit on money taken abroad by travelers, were implemented on 28 March after banks opened their doors for the first time in nearly two weeks.  EPA/KATIA CHRISTODOULOU

In Praise of Capital Controls

The shifting winds of market-based monetary policy in the wake of the global financial crisis.

Boeing Test Flies Its Extended Dreamliner 787-9

Failures to Launch

What the Boeing Dreamliner saga, the torture report, and the Iraq War tell us about the successes and failures of accountability in the United States.

DANIEL ROLAND/AFP/Getty Images

D-Day for Draghi

The eurozone's central bank is up to something big. And this time, global investors could be hitting the beaches.

Getty Images

The Shortsighted Presidency

America's foreign policy is now trending on Twitter.

Peter Macdiarmid/Getty Images

The Celtic Cougar

Why Ireland's economy only looks good from afar.

AFP PHOTO/ JORGE GUERRERO

Fiesta Del Few

Spain’s economy might technically be growing again, but most people are still feeling the squeeze.

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Global Thinkers 2015 Issue Cover