Narayana Kocherlakota I’m often asked: What level of government debt can the U.S. sustain? The answer is that it can handle a lot more. What’s much more important is its longer-term ability to reduce the federal budget deficit — and eventually run a surplus. Before I explain, let’s define some terms. Debt refers to the value of all securities ...

  The G7 meeting held in Hiroshima last weekend marks a major diplomatic accomplishment for Japan. In addition to their Joint Communique, appropriate to the location of the meeting, the G7 foreign ministers adopted the Hiroshima Declaration on Nuclear Non-Proliferation and Disarmament following the meeting. Two additional statements–one on maritime security and the other on general non-proliferation and disarmament—were also ...

  After attending the 2016 Nuclear Security Summit on April 1 in Washington D.C., South Korean President Park Geun-hye and Mexican President Enrique Peña Nieto headed down to Mexico City to hold their second bilateral summit, albeit the first one hosted by one of the two countries. Before that, Park and Peña Nieto had met at the sidelines of the ...

  The U.S. has two big housing affordability problems. They’re related — and solving the first would go some way toward solving the second. But they’re not the same, and it’s important to understand that. The first problem is that some coastal metropolitan areas in the U.S. are generating lots of good jobs but aren’t building enough housing to keep ...

  BLOOMBERG Global stocks climbed to a four-month high and emerging markets rallied as oil rose above $40 a barrel and corporate results beat analyst estimates. European equities were poised for their highest close since January as financial reports boosted companies including Danone and L’Oreal SA. South Korea’s won gained as the central bank refrained from loosening monetary policy and ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.81% to close at 4688.75 points. Accordingly the Market Capitalization has gained AED 6.14 billion attaining AED 760.58 billion. A total of 1.11 Billion Shares were traded with a total value of AED 1.23 billion during the trading session of 19-04-2016 through 11539 transactions. The number of companies ...

  WAM Miral and Warner Bros. has officially announced that a Warner Bros. themed destination is set to open in Abu Dhabi on Yas Island, which is one of the world’s leading business, leisure and entertainment destinations. The development will include the only Warner Bros. branded hotel alongside the immersive theme park. The first phase of the project, Warner Bros. ...

  Bloomberg Investcorp Bank BSC, the Gulf’s largest private investor in U.S. real estate over the past 10 years, plans to step up property investments in the world’s largest economy as it seeks to double assets under management to $25 billion over the next five to seven years. The company expects to spend $1.5 billion on U.S. real estate in ...

  Bloomberg Brookfield Asset Management Inc. raised $9 billion for its latest real estate fund, exceeding its $7 billion target and doubling its previous fund, as Asian investors and U.S. pension funds piled in to its fundraising efforts. Brian Kingston, chief executive officer of Brookfield Property Partners LP, said the funds are already 45 percent committed, including investments in the ...

  Bloomberg Once upon a time, rooftop pools, climbing walls, pet-washing stations, and golf simulation rooms were amenities that would genuinely help sell a high-end condo. But as the luxury market expanded after the financial crisis, developers bent over backwards to up the ante, hawking screening rooms, wine cellars, bocce courts, and concierges until so many buildings had them that ...