Economy and Finance

Photos (L to R): Manish Uprety F.R.A.S. and Ritesh Tandon. Credit: The authors.

California Needs Low Taxation to Boost Innovation

Viewpoint by Manish Uprety F.R.A.S. and Ritesh Tandon

Manish Uprety F.R.A.S. is an ex-diplomat and Ritesh Tandon is the Republican Party candidate for the US Congress from California’s 17th District. Any views or opinions expressed are solely those of the authors and do not necessarily represent those of IDN-InDepth News.

CALIFORNIA (IDN) – President Donald Trump is nominated for the 2021 Nobel Peace Prize for the recent Peace Deal between Israel and the United Arab Emirates. In fact, his pursuit for peace as an official US policy found manifestation earlier in his efforts not to lead US into any war, and to bring reconciliation to North and South Korea.

: Opinion Editor; OPINION; 15 September 2020

Every Step the EU Takes Toward Financial Unity Sows New Seeds of Its Potential Collapse

Viewpoint by Marshall Auerback

The writer is a market analyst and commentator. This article was produced by Economy for All, a project of the Independent Media Institute.

NEW YORK (IDN) – Samuel Beckett’s “Waiting for Godot” is a play featuring two characters waiting for a character, Godot, who never arrives. As such, it is a useful metaphor for the goings-on of the European Union (EU). Observers of the EU’s evolution in the capital of Brussels have witnessed a Godot-like experience of the promised arrival of the long-awaited resolution of the group’s dysfunction and economic malaise that never happens.

: Opinion Editor; OPINION; 02 August 2020

Image source: Midas FinServe Private Limited

Even If Joe Biden Wins in a Blowout, the 'Global Economy' Is Not Coming Back

New economic imperatives are forcing nations to make a choice.

Viewpoint by Marshall Auerback

The writer is a market analyst and commentator. This article was produced by Economy for All, a project of the Independent Media Institute.

NEW YORK (IDN) – COVID-19 has not only presented the global economy with its greatest public health challenge in over a century, but also likely killed off the notion of America’s “unipolar moment” for good. That doesn’t mean full-on autarky or isolationism but, rather, enlightened selfishness, which allows for some limited cooperation. Donald Trump’s ongoing threats to impose additional tariffs on a range of EU exports are exacerbating this trend as the old post-World War II ties between the two regions continue to fray.

: Opinion Editor; OPINION; 31 July 2020

Collage of Magic Money and Sebastian Mallaby (Twitter), inventor of magic money.

EU & The Other Developed Countries Should Spend Some Of The 'Magic Money' To Help Africa

Viewpoint by Jonathan Power*

LUND, Sweden (IDN) – There is "Magic Money" around in case you didn't know. Not quite made out of thin air, but getting on that way. This is a phrase invented by the economic writer, Sebastian Mallaby, in the new issue of Foreign Affairs, America's leading foreign policy bi-monthly journal. It is a usually important and well-researched article. All policymakers should read it.

: Jonathan Power; OPINION; 21 July 2020

Collage of the images of Van Guard, BlackRock and State Street Global Advisors.

The Spectre of the Big Three

Viewpoint by Glauco Benigni*

This article was originally published by Other News and is reproduced with permission.

ROME (IDN) – They are called Vanguard, BlackRock and State Street Global Advisors and they are the world's 3 largest mutual funds. They are also known as asset managers or investment funds, operated by professional experts who collect "fresh" money from an immense and varied number of investors and savers. With this "fresh money" they buy securities in the various stock exchanges of the planet and redistribute profits (when things go well) to those who have entrusted them with the surplus of their capital and/or savings. Investors can be of a commercial or institutional nature, but also simple private individuals who access the various investment plans attributable to and controlled by the Big 3.

: Phil Harris; OPINION; 20 July 2020

Photo: Pemex Tower at Night. Source: Wikimedia Commons

Oh No! Mexico!

Viewpoint by Bill Dahl

Bill Dahl is an investigative journalist based in Queretaro, Mexico. You can find more of his work at https://www.BillDahl.net

QUERETARO, Mexico (IDN) – As the world moves ahead, Mexico lurches backward.

In June 2020, Mexico dropped out of the top 25 countries for foreign investment for the second time in over 20 years. For the second largest economy in Latin America, this is bad news. What has precipitated this decline in confidence by the global investment community? This article explores the central reasons for this reality.

: Opinion Editor; THE WORLD; Latin America & the Caribbean; 11 July 2020

Image credit: Caribbean News Global (CGN)

There's a Hidden Economic Trendline That Is Shattering the Global Trade System

Viewpoint by Marshall Auerback and Jan Ritch-Frel

Marshall Auerback is a market analyst and commentator and Jan Ritch-Frel the executive director of the Independent Media Institute. This article was produced by Economy for All, a project of the Independent Media Institute.

NEW YORK (IDN) – Former U.S. Treasury Secretary Lawrence Summers has recently conceded: "In general, economic thinking has privileged efficiency over resilience, and it has been insufficiently concerned with the big downsides of efficiency." Policy across the globe is therefore moving in a more overtly nationalistic direction to rectify this shortcoming.

: Opinion Editor; OPINION; 04 July 2020

We Won't Have a Truly Global Economy Until People Start Taxing It That Way

Viewpoint by Marshall Auerback

The writer is a market analyst and commentator. This article was produced by Economy for All, a project of the Independent Media Institute.

NEW YORK (IDN) – Major talks between the United States and the European Union to establish a shared tax framework for multinational companies broke down on the issue of seeking to secure an agreement on digital taxation. Big tech, which is heavily a U.S. creation, has long been in the sights of European economies, as their profits and revenues have soared and they have increasingly become major components of the 21st-century economy.

: Opinion Editor; OPINION; 01 July 2020

Photo: The Pentagon U.S. Department of Defense building Credit: Wikimedia Commons

If We're Going to Defund Militarized Police Departments, Why Not Add the Pentagon?

The U.S. military’s budget, like so many police department budgets, is bloated, and diverts our tax dollars into forces of domination and violence. Now is the time to question our spending priorities at the local and federal level.

Viewpoint by Sonali Kolhatkar

This article was produced by Economy for All, a project of the Independent Media Institute. Sonali Kolhatkar is the founder, host and executive producer of “Rising Up With Sonali,” a television and radio show that airs on Free Speech TV and Pacifica stations.

: Opinion Editor; OPINION; 22 June 2020

Image: EU building. Credit: Samynandpartners, CC BY-SA 4.0. Wikimedia Commons.

The European Union Still Hasn't Considered an Economic Proposal That Can Save It

Viewpoint by Marshall Auerback

The writer is a market analyst and commentator. This article was produced by Economy for All, a project of the Independent Media Institute.

NEW YORK (IDN) – On May 5, Germany's constitutional court ruled that parts of the European Central Bank's bond-buying operations to avert a mounting economic depression were illegal. In the wake of that decision, many new proposals have surfaced. First, the European Central Bank (ECB) added a further €600 billion to its earlier announced pandemic emergency purchase program (PEPP) to support Europe's rapidly faltering economy.