Thursday, December 18, 2014
  1. Business & Finance

    Running From the Ruble

    Sergei Guriev
    Business & Finance

    Running From the Ruble

    1

     attributes the abrupt collapse of Russia's currency to doubts about corporate debt.

    Russia Ruble exchange rates Valya Egorshin/ZumaPress

    The cause of Russia’s “Black Monday” was readily apparent: the government bailout of state-owned Rosneft, the country’s largest oil company. Usually, bailouts calm markets; but this one recalled early post-Soviet experiments, when the Central Bank of Russia issued direct loans to enterprises – invariably fueling higher inflation. READ MORE

  2. World Affairs

    The Arab World’s Vanishing Christians

    Christian C. Sahner
    World Affairs

    The Arab World’s Vanishing Christians

    0

     laments the end of ethnic and religious diversity in the Middle East.

    woman praying Dan Zelazo/Flickr

    This Christmas, thousands of worshipers and tourists will travel to the Middle East to celebrate in the land of the Bible. At a time when the Arab world is aflame with sectarian strife, the observance of the Christian holiday is a sad reminder of the fact that the region was once a polyglot, multiethnic mix of peoples and faiths. READ MORE

  3. Economics

    The Oil Price Opportunity

    Kemal Derviş
    Economics

    The Oil Price Opportunity

    1

     proposes that governments take advantage of falling oil prices to introduce an explicit carbon tax.

    Gas station pump Wang Xiao/ZumaPress

    Though lower oil prices may boost overall global growth, with the oil-importing advanced economies gaining the most, the impact on efforts to combat climate change could be devastating. But this decline in oil prices could also provide a rare political opportunity to introduce an explicit carbon price. READ MORE

  4. World Affairs

    Thanking Bangladesh

    Shashi Tharoor
    World Affairs

    Thanking Bangladesh

    1

     praises Indian leaders' willingness to settle a land-boundary dispute dating back to 1947.

    Bangladesh metal workers Zoriah/Flickr

    Earlier this month, India’s parliament took the first step toward settling a boundary dispute with Bangladesh that dates back to the partition of the subcontinent in 1947. Such an agreement would provide a major boost to the already warm bilateral relationship – and encourage Bangladesh to continue its anti-terror efforts. READ MORE

  5. Economics

    Why Are Commodity Prices Falling?

    Jeffrey Frankel
    Economics

    Why Are Commodity Prices Falling?

    7

     says that slower global growth and the threat of deflation are not driving the decline.

    Newsart for Why Are Commodity Prices Falling?

    Most dollar commodity prices have fallen since the first half of the year. Though a host of sector-specific factors affect the price of each commodity, the fact that the downswing is so broad – as is often the case with big price swings – suggests that macroeconomic factors are at work. READ MORE

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