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Guest post by Eswar Prasad and Karim Foda
The world economy continues to be beset by mediocre growth, hesitant or impotent policy actions by national governments, and a dearth of confidence among households and businesses. The worst may be over but after yet another year of tepid growth in 2015 the world economy in 2016 faces the unsettling prospect of more of the same—at best. Read more
The US minimum wage, as a proportion of average wages, fell to an all time low in 2005, at just 28 per cent. Plans to lift it to $15 an hour would represent a minimum wage of over 60 per cent of current average earnings
Gun ownership in the US is at its lowest point since record began, according to research from NORC at the University of Chicago.
Their General Social Survey, which NORC has been running since 1972, has found that in 2014 less than a third of Americans owned a firearm or lived with someone who does, compared with about half the population in the late 1970s and early 1980s. Read more
Hosts India squeezed into the semi-finals of the ongoing ICC Twenty20 World Cup largely thanks to a sensational innings from their star batsman Virat Kohli, who hit 82 off 51 balls, without losing his wicket, to take India past Australia and eliminate their opponents in the process.
In doing so he scored more than half of all India’s runs for the match — having almost managed the same two games earlier, scoring 46 per cent of the team’s total in another crucial win, this time against Pakistan. Read more
Pollsters should be more transparent about their methodology and more quizzical about people’s intention to vote, a wide-ranging review of last year’s election polling disaster has recommended – as well as suggesting that Britain needs fewer, but better, political polls.
Polling companies were left embarrassed last year by the surprise Conservative election win, which none of them had accurately predicted. Polls showed Labour and the Conservatives neck and neck in the run-up to the vote last May, but on the night the Tories won an outright majority with a lead of 7 percentage points in the popular vote. Read more
Experts pinpoint why online polls and those made by phone show wide discrepancy Read more
The interplay between competitive balance and outright quality of football is a complex one, and depending on who you talk to, different levels of importance are placed on each when it comes to talk of which league is the best. Read more
If the UK were to leave the European Union, it will mean that it will also be outside the Capital Markets Union (CMU), when completed. The CMU is a set of measures designed to clear obstacles between companies and potential investors. The idea – in the words of the European Commission that created it – is “to mobilise capital and channel it to all companies, including SMEs, and infrastructure projects that need it to expand and create jobs”.
The EU economy is slightly bigger than that of the US, but its capital market is very different. Its equity market is about half the size of that of the US and its securitisation market is less than a quarter of the US. Read more
The value of cross border merger and acquisition deals in Italy reached a new high in 2015 at over $50bn. Italian companies were the most targeted by foreign acquisitions in the European Union after the UK, along with France. Read more
The US’s new policy on Cuba will undoubtedly have a significant impact on the island’s external commercial relations and economy.
In recent years Cuba reformed its foreign investment law and opened a Chinese-style ‘special economic zone’ with the aim of attracting more foreign direct investment. Read more
The time is just right for relations between the US and Cuba to defrost and a series of numbers prove that.
Firstly, for a while now, the majority of the US population has been favourable to renewing ties with its Caribbean neighbour. Read more