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Beware the weak debt tail wagging emerging markets

  It’s not often that the International Monetary Fund (IMF) warns of a risk to global financial stability at its spring meeting in Washington, and almost immediately evidence jumps out of a bank earnings report in Mumbai. That’s what happened on Wednesday. The IMF released analysis showing an alarming buildup of vulnerable corporate debt — the kind where operating profit ...

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How the US can win the alms race

  In the 21st century, human misery has become something of a growth industry. Conflicts have driven the number of displaced people to an all-time high; last December, the United Nations launched a record appeal for humanitarian aid; three months later, citing impending famines in several African countries, it said the world faced the “largest humanitarian crisis” since the UN’s ...

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Venezuela teeters on verge of collapse

  Venezuela is teetering on the verge of total collapse. Anger is growing with President Nicolas Maduro who has utterly failed to meet people’s most basic needs. Hundreds of thousands in Venezuela cannot get access to food. Economic crisis is only getting worse. Inflation is out of control and government has no cash to import food and medicine. No wonder, ...

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