The Great Compression will give way to the Great Reflation, not next month or next quarter but at some point over the next 12 to 24 months. How this is done will make all the difference -- via beggar-thy-neighbor policies or internal, pro-growth policy implementation?
High school students hear a discouraging cacophony: "College costs too much. Students borrow too much. Too many students aren't college-ready." That's why we need to emphasize four key messages to those young people who have the talent and mindset to flourish in college.
It is a long way from the courtroom in Athens that hosts Costas Vaxevanis to the arena of high global finance that Merkel bestrides, but the connection highlights the depth, the intractability and the complexity of the European financial crisis.
Mitt Romney's comment in the first presidential debate about defunding Big Bird was the fodder for lots of jokes, but it has more serious implications, not just for public funding for the arts, but for the future of America's global competitiveness.
Is it likely that the Dow Jones Industrial Average is flirting with five-year highs right before we are about to go into recession? The answer is obviously no, but there is another factor that has been introduced into the equation.
We expect the global economy to expand by only 2.2% at market exchange rates in 2012, and by 3.1% at purchasing power parity (PPP) rates. Although next year will be better, we forecast a recovery only to 2.5% and 3.5%.
In all the fuss about the elections, we seem to have all but forgotten about the bigger problem confronting America right now, and that is the upcoming 'fiscal cliff' -- and its inevitable sequel: the 'death spiral.'
I hope that in the next chapter of American politics -- the one that begins the day after this next election -- the people of the United States will say where we want to go. And democracy, with all its grit and genuine glory, will have a chance.
If the benefits of living in a city are diminished because the Internet brings access to the world to you, then why deal with the high real estate prices, traffic, crime, pollution and difficulty of living alongside millions of other people?
Summer's over. Politicians around the world are back in town. Budgets need to be drawn and approved in an annual ritual that determines what the democracies of the world do with up to half of their Gross Domestic Product.
It has been 20 years since I've been in Mongolia, the large country of high desert plains sandwiched between China and Russia, and a lot has changed. Some of it is for the better, a lot of it for the worse. And much of it has to do with globalization.
Those who work in business ethics are often asked if corporate social responsibility is an oxymoron. When it comes to China, our interlocutors hint that the answer, more so than usual, is already settled.