Wednesday, September 23, 2020
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Banks borrow short and lend long. So if all of a bank’s depositors suddenly want their money, the bank would be unable to pay them. A bank may have made great loans but it can only unwind these loans...
With a mariachi band playing along, the last Volkswagen Beetle rolled off the assembly line of a Mexican factory on July 10. Originally created in Germany at the behest of Adolf Hitler, the Beetle ended up being exported around the world,...
Brazilians are moving away from Catholicism. Today, fewer than 50 percent of Brazilians identify as Roman Catholic, down from 92 percent in 1970. But after 500 years in South America, the Catholic Church remains deeply enmeshed Brazil’s economy and society. Among its...
We now live in a world where – thanks to information and communication technologies – we are able to produce and distribute goods, services and capital around the globe virtually nonstop. To keep merchandise and consumers moving across time zones...
“What is the value of zero?” asks the seductive commercial for the new Nissan Leaf (due to launch in Australia in April). Set against a montage of natural and man-made images of “0”, the Leaf advert asks its audience to: “Imagine zero...
On July 7, G20 leaders will gather in Hamburg for their annual meeting. One likely outcome: another clash over climate change between the host government, Germany, and United States president Donald Trump. As the Chinese did last year, German Prime Minister...
Over the past two centuries, millions of dedicated people – revolutionaries, activists, politicians, and theorists – have been unable to curb the disastrous and increasingly globalised trajectory of economic polarisation and ecological degradation. This is perhaps because we are...
Each day brings with it new drama in UK politics and the course of Brexit – and it’s playing havoc with the UK economy. The following four graphs show the extent that the UK is at risk of a...
The Australian economy is tepid, with consumer spending the weakest in ten years, business investment shrinking, and economic growth too weak to cover population growth. Were it not for very strong growth in export income and the biggest surge in...
The world is full of stark contrasts; and contrasts present great opportunities for spin doctors. In India, the spectre of black money – untaxed stashes of cash hoarded by individuals – coexists with the world’s highest number of people living...

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