Srinagar /Â AFP Indian soldiers killed three suspected rebels in a gun battle on Sunday in Indian-administered Kashmir, the army said, as the region reels from weeks of deadly violence between protesters and security forces. The rebels were killed in Tangdhar north of the main city of Srinagar after crossing over from the Pakistani side of the heavily militarised border ...
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Are aging and the economic slowdown linked?
An aging America reduces the economy’s growth — big time. That’s the startling conclusion of a new academic study, and if it withstands scholarly scrutiny, it could transform our national political and economic debate. We’ve known for decades, of course, that the retirement of the huge baby-boom generation — coupled with low birthrates — would make the United States ...
Read More »Another reason to cheer for your local college
Lots of presidential-campaign observers have been questioning the numbers in Hillary Clinton’s plan to make public colleges and universities “free†for students whose families earn below a set threshold. And I will admit that I am a longtime skeptic of proposals to further subsidize higher education. But one thing critics such as myself tend to overlook is the positive value ...
Read More »Panic at JFK terminals could have been averted
New York’s John F. Kennedy Airport, on most days simply a bore to pass through, descended into chaos last weekend. Waves of confusion rippled through its terminals when passengers, thinking a terrorist attack was underway, stampeded haphazardly in search of refuge. It was all for nothing. There was no attack, no “active shooter.” Evidently, a crowd watching the Olympics ...
Read More »Zambian economy needs tough measures
With plunging copper prices, weak currency, ballooning budget deficit and skyrocketing inflation, Zambia is grappling with an unprecedented economic challenge. And the newly re-elected President Edgar Lungu has an extremely tough job at hand — to remedy the various ills ailing the country’s economy. There was a time when the southern African nation had seen the GDP growing at ...
Read More »The Brexit question that nobody asked
Mervyn King, former governor of the Bank of England, has written the best article I’ve read on Britain’s exit from the European Union. In an essay for the New York Review of Books he makes many excellent points, but one is of surpassing importance. It’s an obvious point, or ought to be, that nonetheless has been almost entirely ignored ...
Read More »The inventions that changed our genetic code
Of all living things, why do humans alone create advanced technology? Not long ago, scientists thought it was because we are the only intelligent life form on this planet. That explanation alone no longer suffices. Over the last decade, scientists have discovered that crows can use tools, hyenas can cooperate to solve complex problems, jays can plan for the ...
Read More »Why ideologues so rarely admit that they’re wrong
“Communism would have worked, if the Soviet Union had only tried it for real.†I must have heard this argument a dozen times from die-hard leftist friends. Marxist economists such as Richard Wolff and Stephen Resnick even wrote a book making exactly this claim. No doubt, true believers will be just as unwavering in the face of Venezuela’s collapse. ...
Read More »Saudi stocks lead Gulf advance as foreigners get access to IPOs
Bloomberg Saudi Arabian stocks joined gains across most Gulf equities after the kingdom said it would let foreign investors take part in initial public offerings, boosting overseas access to the Middle East’s largest exchange. The Tadawul All Share Index added 0.2 percent at 1:23 p.m. local time, its second straight advance. Abu Dhabi’s ADX General Index rose less than ...
Read More »Nigeria seeks $7 billion to kick-start mines, steel industry
Bloomberg Nigeria is looking for investments of $7 billion in mining and steel over the next decade as it seeks to develop gold and iron ore extraction industries to diversify its oil-dependent economy. One of the government’s priorities is to meet its annual steel demand of 6.8 million metric tons, from a current output of a third of that, produced ...
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