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World Economy

The Coming Greek Debt Bubble

Baseline Scenario | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

Bubbles are back as a topic of serious discussion, as they were before the financial crisis. The questions are: (1) can you spot bubbles, (2) can pol...

Economics for a New Century

Ann Lee | Posted 05.25.2011 | World
Ann Lee

The U.S. needs to get religion in the form of a new economic ideology to realign our priorities.

Cleaning up Greece's Augean Stable

Eric Margolis | Posted 05.25.2011 | World
Eric Margolis

Greece's financial mismanagement risks igniting the biggest financial crisis since the Dubai crisis, or even the collapse of New York's Lehman Brothers bank in 2008.

Simon Johnson: Europe Risks Another Global Depression

Baseline Scenario | Posted 05.25.2011 | Business

The entirely pointless G7 meeting this weekend only served to underline the fact that Europe is again entering a serious economic crisis. At the end ...

Simon Johnson: Geithner Not Paying Enough Attention To World Economy

Baseline Scenario | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

In an interview that will air Sunday on ABC, Treasury Secretary Tim Geithner says, ""We have much, much lower risk of [a double-dip recession] today t...

The Unheard Truth -- Poverty and Human Rights

Marcia G. Yerman | Posted 05.25.2011 | Books
Marcia G. Yerman

October 17th was the International Day for the Eradication of Poverty. However, a one-day a year acknowledgement doesn't suffice. The Unheard Truth ...

Soros: U.S. Economy Will Be A Drag On World Growth

Reuters | Posted 05.25.2011 | Business

Billionaire investor and philanthropist George Soros said on Thursday that the world's current "currency arrangements" are fraught with danger and tha...

A Clear Agenda for Reform in 2010

Gordon Brown | Posted 05.25.2011 | World
Gordon Brown

As the balance of economic power changes over the next two decades, new and stronger power-brokers may be less willing to embrace change. We must avoid this race to the bottom. Here is how.

The Winds Are Still Blowing East

Zachary Karabell | Posted 05.25.2011 | World
Zachary Karabell

China is emerging as the new power in the global economic pantheon, and their embrace of Russia is a clear sign that they wish to become less engaged with the U.S. rather than more.

Abu Dhabi Won't Bail Out Dubai

Reuters | Posted 05.25.2011 | Business

ABU DHABI (Reuters) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior...

World Job Market Showing Signs Of Recovery

The Guardian | Kathryn Hopkins | Posted 05.25.2011 | World

Britain's employers are reporting improved recruitment plans for the first time in three years, offering a "glimmer of hope" to jobseekers in the run-...

Joshua Cooper Ramo: Surprise! Global Financial Crisis Could Turn China Into A Superpower

Diane Tucker | Posted 05.25.2011 | World
Diane Tucker

The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.

11 Economies That Are Worse Than Ours | Rick Newman | Posted 05.25.2011 | Business

When times are tough, one thing that tends to raise the spirits is knowing that somebody else has it worse. And as wretched as the U.S. economy seems,...

Stimulate This!

Christiana Wyly | Posted 05.25.2011 | World
Christiana Wyly

Without coordinated efforts by developed nations to help the world's poorest nations, 100 million people may fall into extreme poverty each year for the foreseeable future.

Let Us See if Italy Keeps Faith With the World's Poor

Bob Geldof | Posted 05.25.2011 | World
Bob Geldof

Italy has only done 3% of what Prime Minister Berlusconi personally and nationally promised to Africa in 2005. So it is quite proper to ask -- what legitimacy does Italy have to run the G8 this year?

Gasoline Prices Up $.25/Gallon in Two Weeks -- Time to Refocus on the Strategic Petroleum Reserve

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is time for the Obama administration to show it is cognizant of the creeping upward push of oil and gasoline prices and its impact on a still very fragile economy.

Iceland's First Left Majority Government: Plus Ça Change...

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Johanna and her partners have an incredibly difficult task ahead of them. However, forcing a quick referendum on EU membership should not be the cornerstone of our rebuilding effort.

Volcker: US, World In A 'Great Recession'

Bloomberg | Matthew Benjamin | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul Volcker said the global economic slump is one of the worst in history. "The U.S., along with the rest of the wor...

Ah So, China Is the Way to Go

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

What are the best ways to play China and other Asian markets, which should also benefit handsomely from the Chinese rebound?

Is the IMF Helping Iceland?

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Why are the countries that have accepted IMF assistance in the past -- such as South Korea and Argentina -- so bitter over the experience?

G-20 Must Look To Needs Of Developing World: Commentary

Times Online | Wang Qishan | Posted 05.25.2011 | World

The global financial crisis that started last year has taken its toll on the world economy on an unprecedented scale. To cope with the crisis, a stron...

World Government

Scott Malcomson | Posted 05.25.2011 | World
Scott Malcomson

The FT columnist Gideon Rachman wrote a column a couple of months ago about the need for world government, and he got more and different readers than ...

G-20 Won't Call For More Stimulus

Wall Street Journal | GABRIELE PARUSSINI | Posted 05.25.2011 | Home

Finance ministers and central bank heads from the group of 20 leading economies won't make a joint call for further fiscal stimulus at the end of thei...

Brazil The One Country That Might Avoid Recession

Time | Tim Padgett and Andrew Downie | Posted 05.25.2011 | Business

Brazil is no stranger to economic crises. In the 1970s and '80s, Latin America's economic giant turned financial mismanagement into an art form. The c...

"I'm Sorry You're So Stupid:" Head of Iceland's Central Bank Refuses to Step Down

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

According to the Financial Times, this dispute is further damaging Iceland's standing in the eyes of foreign investors, and may endanger the IMF's plans for saving Iceland's economy.