The United States Social Security system, formally known as Old-Age, Survivors and Disability Insurance (OASDI) is subject to a process of statutory annual reviews of its financial condition and submission of reports to Congress under the direction of its six appointed trustees. The recently released 2015 Social Security report of the trustees discloses some encouraging […]
Archives for 2015
International Monetary Fund Update
The International Monetary Fund (IMF) held its Joint Annual Spring Meeting with the World Bank in Washington over the period April 17-19. These annual meetings provide opportunities for the world’s leading economists, finance ministers and central bankers to discuss current global economic and financial conditions and the key challenges to be addressed for managing global […]
Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is an international financial institution originally proposed by China. In Beijing on October 24, 2014, twenty-one nations signed a Memorandum of Understanding (MoU) that formally established the AIIB. In addition to China, the initial signatory nations to the MoU were: Bangladesh, Brunei, Cambodia, India, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, […]
Greek Drama in Euroland
The history of Ancient Greece is remarkable in many ways; its great philosophers and literary figures are revered even today. Sophocles, recognized as perhaps the greatest Greek tragedian, has remained an acclaimed master of his craft for more than two thousand years. Greek drama and tragedy may be studied in the ancient works of Sophocles […]
A Perspective on the Economics Profession
The Max Planck Sciences Po Center in Paris has published an insightful discussion paper with the title The Superiority of Economists. This paper, by three French academic authors, presents an in-depth analysis of the factors that distinguish the economics profession from other professions. The authors are: Marion Fourcade, Professor of Sociology at the University of California, […]