Recent Posts

Reviving productivity is a moral imperative!

  The United States is a land of diminished economic prospects. Today the recession is over but the slowdown isn’t: The most recent projections by the Federal Reserve imply future growth in output per head of barely 1 percent a year. That matters for many reasons. For one thing, as Benjamin Friedman argued in “The Moral Consequences of Economic Growth,” ...

Read More »

Saudi markets drop with oil

  DUBAI / Reuters Saudi Arabian stocks fell on Wednesday after oil prices slipped, while an interview by the top economic policy official, Deputy Crown Prince Mohammed bin Salman, did little to boost sentiment. Other regional bourses were mixed in quiet trade. Advanced Petrochemical drop-ped 2.5 percent after the polypr-opylene maker posted first-quarter net income of 124 million riyals ($33.1 ...

Read More »

Stocks sag on Apple miss, dollar climbs before Fed

  Bloomberg US stock futures pointed to a downbeat opening after European shares fell from a 20-month high as investors digested poor overnight news on Apple Inc. earnings. The dollar strengthened before a Federal Reserve meeting where policy makers will need to mull over another soft patch in the US economy. Apple Inc. fell 1.2 percent in pre-market New York ...

Read More »
Send this to a friend