An international dialogue should begin now. It might open with an invitation to the Troika: Explain why Greece should not start a jobs guarantee policy today.
As the U.S. economy recovers, hirings increase and people are encouraged to look for jobs again. Instead, the ratio of the adult population with jobs, or looking for one -- what's called the labor force participation rate -- has been falling, standing at 62.9 percent in July 2014
It's tough to find any drivers who relish digging into their wallets to fill up at the pump. According to the International Monetary Fund, though, not only should fuel taxes jump by more than 50 percent, the increase should have Canadians whistling a happy tune. Now, here's the real kicker: The IMF is right.
Energy use is critical for any development, but it can also result in excessive environmental and social negative effects, bearing huge costs to the economy.
The recovery continues, but it remains weak, indeed a bit weaker than we forecast in April. We have revised our forecast for world growth in 2014 from 3.7 percent in April to 3.4 percent today. This headline number makes things look worse than they really are.
Establishing the BRICS Bank is a momentous event The July 2014 BRICS (Brazil, Russia, India, China, South Africa) Summit was a momentous event, more ...
The "New Development Bank" announced in Fortaleza this week marks the launch of a collective lending platform steered exclusively by the BRICS countries. With an authorized capital of $100 billion, it could lend up to $34 billion per year. It is not an understatement to say that this is a new kind of bank for a new world order. For the first time in history, infrastructure spending consistently exceeds military expenditure.
The wind appears to again be at Dilma Rousseff's back again, as Brazil's performance at the World Cup has virtually assured that she will be re-elected -- politics working as politics do.
We will not see a real recovery that puts even the long term unemployed back to work, until the mountain of private debt is reduced. And that can't happen until we create full employment policies that continue to create more jobs on Main Street.
House prices are inching up. But is this a cause for much cheer? Or are we watching the same movie again?
If you want good global governance, you have to provide good global citizenship.
After two years of almost no economic growth, the IMF is now projecting a steep recession for this year, with the economy shrinking by 5 percent. This is largely because of budget tightening that the government has committed to, amounting to about 3 percent of GDP over the next two years.
The International Monetary Fund's First Deputy Managing Director David Lipton recently spoke about the global economy at the Aspen Institute in Washington, D.C. We sat down with Lipton before the Washington Ideas Roundtables Series event, where he discussed income inequality and his big idea for addressing it at an international level.
These students are being told to swallow their concerns, sit on their hands, and silence their protests all in the name of free speech. Perhaps if they had money, their voice would be welcome.
It is still so new that we, as women, have a strong voice. It needs to be heard and not suppressed, no matter how much we may disagree with some of the voices. The movement to suppress women's voices is alive and strong.
Is it too much to grasp that while the skyscrapers of Nairobi, Lagos and Luanda sparkle on the horizon like Oz, there is a different reality at the end of the dirt track, in the grindingly poor rural Africa that Western reporters in Land Cruisers only see when a war or famine is making headlines?