International Economics

There are many different determinants of productivity that when not kept constant may tend to prohibit or limit a poor country’s ability to catch up with rich ones. In most poor country’s people tend to save very little to invest later in capital due to the low wages of most workers that tend to be so low as to be barely enough to meet the necessities of life as opposed to rich countries who tend to have incentives by the government to save. Since saving and investment plays such an important...Read Full Story

Paris (AFN)-The income inequality is increased since 1985 in the vast majority of the Member States of the Organisation for economic cooperation and Development (OECD). This is evident from a research that the OECD published Monday. Earns on average the richest 10% of the population now nine times as much as the poorest 10 percent. [...] Business News BlogRead Full Story

The Telegraph today bewails the fact that customers of Indian curry houses in the UK - which imports more rice than any other EU country - can now look forward to smaller portions, higher prices, less meat and more vegetable dishes. "We've heard that people are taking away the little embellishments - fish and chips might now be missing the coleslaw...Where before you might be offered a 4oz and 8oz steak, now you can only have the 4oz." Fortunately most of us in Europe and the US will take the...Read Full Story

A picture is worth a 1000 words and it certainly resonates with the economic global meltdown this past year.   A red flag indicator on the economy is the TED spread .  This metric is an indicator of perrceived credit risk in the economy.  The TED spread tracks the difference between interest rates of interbank loans and short term T-Bills (government debt).  The difference is measured in basis points (bps). Unlike the economic recessions of the past, this spread skyrocketed universally across...Read Full Story

League of Dorks Ombudsman Report: Where I reveal my inner hidden dorkiness to the rest of the world for the benefit of dork-nondork relations. The morning after the premiere of Spiderman III, I e-mailed my boss to tell her that I would be coming into the office late because the movie had a run-time much longer than anticipated and as a result, I had not gotten to sleep until well past 3 a.m. She replied with something to the extent of "That's fine. But don't forget to wear your League of...Read Full Story