Word: capitale
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This new policy is misguided and harmful for several reasons. First and foremost, the turn toward protectionism in the labor market mandates that the United States essentially throw away much of its already-sparse annual investment in human capital. Every year, American colleges and universities invest millions of dollars in...
The future is most palpable looking out at Mumbai or Shanghai from a high floor. Here is not the septic progress of Silicon Valley or the paper profits of Greenwich’s risk arbitrageurs. Here is the stuff that would be instantly recognizable to the industrialists who built America...
Many analysts and observers say Kudrin is being massively optimistic. Talk of 2% or 3% growth next year are "the numbers of a public official who is trying not to add fuel to the fire of public fears," says Roland Nash, chief strategist at Renaissance Capital. "There are a lot...
Hainsworth says that Russia is already through the most difficult period - the run on banks at the end of 2008 - and that "now it looks as if the system has sufficient solvency and capital to deal with overdue loans."
A few months after being deposed in a bloodless coup in 2006, former Thai Prime Minister Thaksin Shinawatra told TIME he planned to retire. But Thaksin hasn't kept his promise, regularly phoning in from self-imposed exile to rally his supporters back home. Last October, Thailand's Supreme Court...