It’s entirely unsurprising — expected, really — for the anti-global European left to oppose a trade deal with America. But with Canada? The Comprehensive Economic and Trade Agreement, painstakingly negotiated over seven years, would cut trade barriers between Europe and the world’s 10th-largest economy. Unlike the Transatlantic Trade and Investment Partnership between the European Union and the U.S. (which ...
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Focus on poaching to end illegal wildlife trade
A mega meeting to check the booming illegal wildlife trade — valued at $20 billion a year — under way in Johannesburg has got stuck in an unseemly fight. The clash comes on the heels of a report which says that the population of African elephants has declined by 111,000 in the past ten years due to surge in ...
Read More »Lula’s downfall won’t fix Brazil’s political mess
From hungry migrant peasant to rock-star president, Luiz Inacio Lula da Silva has played many roles over the years. Even so, taking the defendant’s chair in Latin America’s biggest political graft scandal will be a first. Lula has vehemently denied the charges — he’s accused of taking some $1.1 million in bribes disguised as home improvements from a contractor ...
Read More »The future of the US economy depends on Mexico
The muscle behind the U.S. economic expansion is the same as the recovery’s weakness, and it lies in one word: Mexico. Since the low in December 2009, employment in the U.S. has increased by 13.6 million workers. Forty-three percent of that growth, or 5.9 million workers, came from Hispanics — some born in the U.S., others immigrants. Mexico is ...
Read More »The economics profession has a major blind spot
The longer I work in the news media, the more I notice a problem with the way economics interacts with the world at large. Just to cite one example, economists often don’t take politics into account. As a result, econ models leave out important pieces, and the advice of economists often falls on deaf ears or is seen as ...
Read More »Russian economy takes hit from Putin’s grip
As President Vladimir Putin further tightens his grip on power after dubious elections that gave his party an absolute majority, Russia is sliding into protracted stagnation. The Economics Ministry has adjusted downward its forecast through 2019 and Russia is now expected to underperform the global economy even more than previously anticipated. That is the background against which Putin’s continued ...
Read More »Questions that Clinton and Trump should be asked
The U.S. is still fighting a war in Afghanistan and has troops in Iraq, the Iranian nuclear deal remains controversial, the Islamic State is weakened but continues to be threatening, North Korea is launching missiles, Russia flaunts international norms and China has expansionary designs. It’s a dangerous world. Yet in the U.S. presidential election the foreign policy debate chiefly ...
Read More »US should not give a pardon to Snowden
The movement to pardon NSA leaker Edward Snowden is picking up momentum, with human-rights groups, editorial boards, the Libertarian candidate for president and some former intelligence officers hopping on board. Even Eric Holder, the former attorney general, has said Snowden performed a “public service.†But to show leniency for the man now enjoying Vladimir Putin’s hospitality in Moscow would ...
Read More »Tourism sector must focus on sustainability
The non-oil tourism sector is one of the key cornerstones of the UAE’s economic diversification plan. And the country is giving the much-needed impetus to the segment. The Dubai Opera, Guggenheim and Louvre Museums in Abu Dhabi, Warner Bros. theme park in Yas Island and Dubai’s Mohammed bin Rashid City District One are the latest projects in the list ...
Read More »UK Labour Party stands up for irrelevance
Shortly after British voters defied the leaders of both major political parties by deciding in June to leave the European Union, it was tempting to write the political obituary of Labour Party leader Jeremy Corbyn. His party’s polling was at a three-decade low. Most of his shadow cabinet resigned, furious that he was a no-show during the Brexit campaign. Labour ...
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