The labor market is tightening. Wages are rising. And yet, despite very aggressive monetary policy efforts, United States central bankers have been unable to hit their inflation target. For more than 4 straight years, the Federal Reserve’s preferred measure of inflation has been below its target of 2%....

2015 was a roller coaster of a year for analysts of global economics and politics. Terrorist tragedies from the US and France to Nigeria and Iraq shocked us, Nepal suffered a devastating earthquake, and Volkswagen’s massive fraud surfaced.  A million migrants flowed into Europe, and...

Last month, China made the landmark decision of reversing its one-child policy by allowing married couples to have two children, after over 30 years of restrictions. This move was spurred on by the failure of previous attempts to stimulate childbirth and by the increasingly apparent...

As the U.S. stock markets race to new highs, there has been increasing chatter about a forthcoming correction. Economic chaos reigns in Europe with constant debates about austerity and bailouts, and China seems destined to slow further as its credit-fueled investment boom ends. Commodity markets...

The last two weeks marked a major milestone in the world of art. Between May 5 and May 15, a record $2.7 billion of art was sold at Christie’s, Sotheby’s, and Phillips during a Spring auction bonanza that included sales of Impressionist and contemporary art...

Gluten-free. It’s among the hottest trends in food today. It competes with “non-GMO”, “local”, and “organic” for mindshare among today’s health-conscious, price-insensitive, and trend-following foodies, yuppies, and self-anointed amateur nutritionists. It’s become so fashionable to be gluten-free that even Fido and Spot have jumped on...

Disease, war, corruption, and famine are the first images that come to mind when most people think of Africa. Beneath this veneer of negativity, however, lies a very different and positive story. Entrepreneurship is thriving, governance is improving, hunger is dissipating, and economic growth is...

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