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Italy’s 5-Star seeks governing contract with rivals

ROME / Reuters Italy’s anti-establishment 5-Star Movement proposed a German-style governing contract with two of its rivals as formal talks aimed at seating a government began on Wednesday, a month after an election ended with a hung parliament. The inconclusive March 4 vote left soft-spoken President Sergio Mattarella to coax sworn adversaries towards a coalition deal. The process could take ...

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Libyans to take part in public consultations to end political deadlock

Reuters Libyan citizens are to be asked for their views on the country’s future in a series of UN-backed public consultations aimed at breaking a political stalemate and preparing for new elections after years of conflict and division. The first meetings will be held in the eastern city of Benghazi and the far western city of Zuwara on Thursday. More ...

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Rational markets theory keeps running into irrational humans

To many young people, the idea of efficient financial markets — the idea that, in the words of economist Eugene Fama, “At any point in time, the actual price of a security will be a good estimate of its intrinsic value” — probably seems like a joke. The financial crisis of 2008, the bursting of the housing bubble, and gyrations ...

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