An increasing number of countries are fixing the value of their currency to the dollar. Rather than depending on the continued favourable performance of any single benchmark currency, there might be significant benefit from diversifying to create a hybrid standard to which the local currency may be fixed.
In the extreme,
Anti-globalisation forces have long argued that as economies grow the poor are left behind. In fact they present an even worse case: the distribution of wealth between the rich and the poor becomes more uneven because of globalisation.
David Dollar and Aart Kraay of the Development Research Group of the World
Former U.S. Republican Party vice-presidential candidate Jack Kemp is making a case for a return to the gold standard in order to stabilise the dollar and avoid a future economic calamity.
Others have warned in similar terms:
Ronald Reagan once said he knew of no great nation in history that went
A free society does not mean one where everybody can do whatever they like, free of consequences. Such a thing is neither possible nor desirable. Many consequences are not imposed by people, but are in the nature of things (e.g. if you drink cyanide, you will die). One can be
Over the next few months, countries in the European Union are withdrawing their individual currencies and coins from circulation and replacing them with something called the “euro.”
The euro has not become as popular outside Europe as expected. Although it was initially valued at $1.19, it has fallen fairly steadily to
Determined to avoid California’s vast and costly energy mistakes, lawmakers in a number of other states are making it easier for energy companies to build new power plants. Not only are they speeding up approvals, in some cases they are exempting plants from any review at all.
Iowa, Minnesota, Montana,
As some of the oil and gas leases in the Gulf of Mexico and elsewhere play out, drilling companies are left with the problem, what to do with those multimillion dollar oil platforms?
Federal lease agreements require oil and gas companies drilling in U.S. waters to leave the ocean floor as
With the European Commission poised to reject General Electric Co.’s proposed acquisition of Honeywell International Inc., some trade experts see the need for countries to get together and iron out the differences in their merger and acquisition policies.
Experts say that globally there are upward of 70 merger-review systems
Unlike politicians in other European countries, Ireland’s leaders paid serious attention to Reaganomics and have slashed taxes over the years in a supply-side effort to revive the nation’s economy. They succeeded.
Fifteen years ago, Ireland was the “sick man of Europe” with 15 percent unemployment and government spending that consumed
A very small percentage of people receiving prescription drug benefits are responsible for a significant proportion of drug spending, a new U.S. study suggests.
Very high-cost patients are defined as those responsible for a minimum of $174 a month in pharmacy costs. The study by Express Scripts, a pharmacy benefits manager,
