Over the past several years, a new narrative about global poverty has become entrenched in mainstream discourse. It holds that extreme poverty—a condition of absolute deprivation associated with severe calorie and nutrient deficiency and an […]
As long as the system is closed and the regulators powerful, they can restructure liabilities at will to prevent a collapse. More likely is a very long and costly financial adjustments as Beijing slowly cleans […]
1,000 flights by private jet into and out of Switzerland for the five-day Davos event. Then there will be serious discussions about reducing CO2 emissions. There the rich will talk about redistribution of wealth, then […]
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