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July 28, 2022

Russia
Russia Tries Journalist, China Celebrates Its Army, UN Meets on Nuclear Weapons, and More

A Moscow court considers the case of Marina Ovsyannikova, a Russian reporter who protested the invasion of Ukraine; China celebrates the ninety-fifth anniversary of its People’s Liberation Army amid …

Podcast Russian President Vladimir Putin meets with journalists following Caspian Summit in Ashgabat, Turkmenistan June 29, 2022. Picture taken June 29, 2022. Sputnik/Dmitry Azarov/Pool via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY.

November 3, 2014

Europe and Eurasia
The ECB Fails to Stress Banks Over the One Critical Variable It Controls: Inflation

Relentlessly falling inflation is bad news for Eurozone banks.  It increases the real (inflation-adjusted) value of borrower debt and the real cost of servicing that debt.  It causes loan defaults…

The ECB Fails to Stress Banks Over the One Critical Variable It Controls: Inflation

September 20, 2012

Monetary Policy
Is Bernanke Right on QE3 and the Mortgage Market?

Fed Chairman Ben Bernanke defended QE3 at his September 13 press conference by arguing that it would lower mortgage rates and increase home prices.  Over 80% of U.S. household debt is mortgage deb…

Is Bernanke Right on QE3 and the Mortgage Market?

July 8, 2009

Europe and Eurasia
Unemployment

Until the economic crisis, many praised the U.S. model of flexible labor markets for promoting faster growth and low unemployment. But flexibility has a cost: the United States is leading the G7 in…

200976flexibleandfired20

December 29, 2023

2023 in Review
Ten World Figures Who Died in 2023

Ten people who passed away this year who shaped world affairs for better or worse.

Sunset