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April 18, 2024

Ukraine
The President’s Inbox Recap: Russia, Ukraine, and Global Instability

The war in Ukraine reflects collisions in Russia-Ukraine relations, Europe-Russia relations, and U.S.-Russia relations.

Two lines of military forces as viewed walking.

March 19, 2024

Nigeria
The Ride of Their Lives

More than a mere automobile, the sport utility vehicle (SUV) in Nigeria is rich in social meaning.

Nigeria's President Bola Tinubu waves to the crowd as he takes a drive on a top of a sports utility vehicle.

October 10, 2019

Sub-Saharan Africa
Rich People and Wealth in Africa

Rich people are everywhere, and they can have something to say about the level of economic development in their home countries. Afrasia Bank and New World Wealth have just published the 2019 Africa Wealth Report, which includes North Africa and African island states in the Atlantic and Indian Oceans. It identifies the continent’s six wealthiest cities, defined as total individual private wealth—equities, real estate, businesses—less liabilities. They are Johannesburg, Cape Town, Cairo, Lagos, Durban, and Nairobi.

Visitors walk past a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building

February 13, 2019

Nigeria
Nigeria Is Oil Dependent, not Oil Rich

At a business breakfast on February 7, Doyin Salami pointed out the elephant in the living room of Nigeria’s economy. The country is not oil rich; rather it is oil dependent. He asked attendees to acknowledge this distinction.

Nigeria-Oil-Pollution-Rivers-State

March 10, 2024

China
China’s Record Manufacturing Surplus

The U.S. likes talking about the dominance of the dollar. But don’t short-change China’s current dominance of manufacturing trade. Trade imbalances need to be taken seriously again.

Manufactured Goods Surpluses

December 3, 2019

Election 2020
Meet Michael Bloomberg, Democratic Presidential Candidate

Update: Michael Bloomberg announced on March 4, 2020, that he was ending his campaign. Former New York Mayor Michael Bloomberg seems to be taking the advice of John Maynard Keynes. The legendary e…

Michael Bloomberg