via Lobe Log
Virginia Tech economist Djavad Salehi-Isfahani’s recent explanation of the rial situation in Iran generated a lot of attention, and much in the way of non-expert criticism, likely because it sways considerably from the prevailing narrative on Iran’s economy: it’s about to collapse. But Salehi-Isfahani is sticking to his guns. [...]
via Lobe Log
Shadow banks may control about 25 to 30 percent of the word’s financial system. They may be about 50 percent of all banking assets in the world. I say may in both of those sentences because it is hard to tell how big this financial sector is. The United States may [...]
via Lobe Log
The economy is clearly the most important problem facing Egypt today. Unemployment and underemployment are vast. Tourism has been shattered by recent events and may take a long time to get back on track. Foreign investments have dropped and have even turned to a net outflow from the country rather than [...]
On my way to the Sao Nicolau waterfall on the island of Sao Tome, I stumbled upon two Jurassic Parks of failed industrial development.
At the coffee plantation Monte Café, to the left of its dilapidated pink colonial buildings, stands a huge shed. The caretaker unlocks a gigantic padlock and we step into a surreal [...]
Guest blogger: Miren Gutierrez, IPS editor-in-chief
Seven PM at the supermarket. After a long day at the office, she is standing in line to pay for groceries to make dinner, stealing glances at her watch, grappling with two young kids who want her to buy some chewing gum…
Does this picture ring a bell? Survey [...]
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