Thursday, July 30, 2015
  1. Economics

    In Defense of Varoufakis

    Mohamed A. El-Erian
  2. Business & Finance

    Letting China’s Bubble Burst

    Michael Spence
    Business & Finance

    Letting China’s Bubble Burst


     calls on Chinese leaders to focus on improved regulation, rather than propping up equity prices.

    Newsart for Letting China’s Bubble Burst

    As China’s capital markets expand, they are outstripping policymakers' capacity to manage prices and valuations. The only practical way forward is for the authorities to focus on regulatory and institutional development, while following through on their commitment to permit markets to self-correct. READ MORE

  3. Business & Finance

    Alpha, Beta, and Beyond

    Nouriel Roubini
  4. Economics

    The Lethal Deferral of Greek Debt Restructuring

    Yanis Varoufakis

    The Lethal Deferral of Greek Debt Restructuring


     asks why Greece's creditors refuse to write down old loans before issuing new ones.

    Alexis Tsipras and Euclid Tsakalotos Marios Lolos/ZumaPress

    The point of restructuring debt is to reduce the volume of new loans needed to salvage an insolvent entity: Creditors offer debt relief to get more value back and to extend as little new finance to the insolvent entity as possible. Remarkably, Greece’s creditors seem unable to appreciate this sound financial principle. READ MORE

  5. Culture & Society

    The Dangerous Rise of Buddhist Chauvinism

    Yuriko Koike

Focal Point


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