Thursday, July 30, 2015
  1. Politics

    Rule, Germania

    Harold James
    Politics

    Rule, Germania

    5

     explains why Germany is so insistent on a legalistic approach to the eurozone's functioning.

    Wolfgang Schauble Wiktor Dabkowski/ZumaPress

    A persistent feature of the discussions about how to address Europe's debt crisis has been German leaders' insistence that the rules must be followed. Germany's obsession with rules reflects the way its federal system of government has shaped its decision-making, as well as its historic experience with debt crises. READ MORE

  2. Economics

    Are US Middle-Class Incomes Really Stagnating?

    Martin Feldstein
    Economics

    Are US Middle-Class Incomes Really Stagnating?

    4

     argues that the median household's standard of living has risen far more than official data suggest.

    suburbia Doug/Flickr

    The challenge of raising the incomes of middle-class families has emerged as an important focus of the unfolding US presidential election campaign. Unfortunately, the political debate is distorted by misleading statistics that grossly understate how well middle-income families have actually done over the past few decades. READ MORE

  3. Politics

    Containment Begins at Home

    Nina L. Khrushcheva
  4. Economics

    In Defense of Varoufakis

    Mohamed A. El-Erian
  5. Business & Finance

    Letting China’s Bubble Burst

    Michael Spence
    Business & Finance

    Letting China’s Bubble Burst

    6

     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

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