Wednesday, July 29, 2015
  1. 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

  2. Business & Finance

    Alpha, Beta, and Beyond

    Nouriel Roubini
  3. Culture & Society

    The Dangerous Rise of Buddhist Chauvinism

    Yuriko Koike
  4. Business & Finance

    Market Manipulation Goes Global

    Stephen S. Roach
    Business & Finance

    Market Manipulation Goes Global


     compares China's effort to shore up equity prices to similar measures in the US, Europe, and Japan.

    china stock market plunge Zhengyi Xie/ZumaPress

    All eyes are now on China’s attempts to cope with the collapse of a major equity bubble. But the Chinese authorities’ efforts are hardly unique: All the leading economies of the West are doing pretty much the same thing – just dressing it up in different clothes. READ MORE

  5. Economics

    The IMF’s Euro Crisis

    Ngaire Woods

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