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February 1, 2019

India
The Interim Indian Budget: Jobs Are the Bigger Issue

The Indian government released an “interim” budget today, a document designed to provide continuity for the next three months or so before the general election takes place and a newly constituted gov…

Ram Pratap, who lost his job as a powerloom operator earlier this year, poses for a picture inside a weaving factory where he used to work, in Panipat in the northern state of Haryana, India

November 15, 2019

South Africa
What’s Behind South Africa’s Recent Violence?

Recent attacks that appeared to target immigrants have underscored South Africa’s struggle to combat violence and limit tensions with the rest of the region.

November 1, 2019

Ireland
Ireland’s Statistical Cry for Help…

Ireland's tax authorities have made the job of Ireland's statistical authorities almost impossible.   The distortions in the Irish data are now so big that the impact the data for the entire euro are…

Ireland’s Statistical Cry for Help…

May 29, 2012

Monetary Policy
It's the Jobs, Stupid

The Conference Board’s consumer confidence measure has, since its inception in 1967, been a perfect predictor of presidential incumbent election performance.  As shown in the large figure above, e…

It's the Jobs, Stupid

November 13, 2019

United States
A Big Borrower and a Giant Corporate Tax Dodge? How Best to Describe the U.S. External Balance Sheet

Most grandiose explanations for the United States' persistent surplus in the income balance of the U.S. current account miss the mark. The U.S. debt position tracks the sum of past current account de…

A Big Borrower and a Giant Corporate Tax Dodge? How Best to Describe the U.S. External Balance Sheet

November 1, 2019

International Organizations
The IMF: The World’s Controversial Financial Firefighter

The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, continues to find itself at the forefront of global economic crisis management.

IMF Governors' meeting

October 31, 2019

United States
The National Debt Dilemma

With the U.S. national debt already exceeding $16 trillion, President Trump’s tax reform and budget deals with Congress have added to the country’s deficits. CFR explores the origins of the national debt, the risks it presents, and the outlook for change.

US-Debt-BGR-Header-2-1160x630.jpg

October 30, 2019

Iraq
The Deadly Protests Shaking Iraq: What to Know

Iraq’s struggling economy and government corruption sparked the protests, in which hundreds have died. The governing elite appears shaky, and the stability of the country is at stake.

October 30, 2019

Election 2020
Meet Bill Weld, Republican Presidential Candidate

Bill Weld was the first Republican to officially announce he would challenge Donald Trump for the Republican presidential nomination. Weld knows that his bid faces long odds. Roughly nine out of ten …

Bill Weld

October 29, 2019

Oil and Petroleum Products
How Iran Can Hold the World Oil Market Hostage

Iran poses an acute threat to oil infrastructure across the Middle East, potentially allowing it to extort concessions from world powers.    

Workers at the damaged site of a Saudi Aramco oil facility.