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A rocky start for “the deal of the century”
The unveiling of the $50 billion U.S. investment plan to secure peace in the Middle East by improving conditions in the West Bank and Gaza met international skepticism, and virulent opposition from the Palestinian authorities. But for President Donald Trump, solving the conflict none of his predecessors could would gain him the international recognition he craves – and praise from his evangelical Christian base.
Renzi’s tinkering with jobs shows a changed mood in Europe
Prime Minister Matteo Renzi promised to turn Italy inside out, jump-start economic growth and reduce unemployment. But during almost two years in office, he has introduced only one significant economic reform, the so-called “Jobs Act.” The outcome has been mixed, and certainly below expectations. This does not mean Mr. Renzi ...
Global trends: India’s all-out push for economic growth
The government of India’s Prime Minister Narendra Modi is going into 2016 with two principal policy objectives. One will be implementing the economic reforms that he has promised to foreign investors. Such reforms are considered crucial to industrialization and further accelerating India’s growth, which currently clocks in at a respectable ...
After Fed delay, investors consider Chinese elephant in the room
Financial markets did not react well to the Federal Reserve’s decision in September to keep interest rates stable. Presumably, investors were worried that China’s slowdown is more serious than anticipated, and that the Fed has well-founded concerns about the outlook for the American and European economies. <i>While...
As Brazil’s Rousseff reels from crisis, opportunity for reform emerges
Brazil is facing its worst crisis in 70 years. Its economy is mired deep in a recession that will last at least until 2017. The political scene is in disarray, with a president who was re-elected just a year ago now chastened by approval ratings in the single digits. No ...
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