India Is Slowly Evolving Into a Market Economy

May 26, 2021

India has come a long way since its independence from colonial rule in 1947. It started as a mixed economy where elements of both capitalism and socialism coexisted uneasily. Jawaharlal Nehru, India’s first prime minister, was a self-declared Fabian socialist who admired the Soviet Union. His...

Expect an Uneven Rebound in MENA and Central Asia
May 20, 2021

Expect an Uneven Rebound in MENA and Central Asia

Fintech’s Problem With Race
May 11, 2021

Fintech’s Problem With Race

Corruption, an Unnecessary Evil
May 06, 2021

Corruption, an Unnecessary Evil

Is Bitcoin the New Coal?

Is Bitcoin the New Coal?

Apr 22, 2021

In February, Tesla announced it had purchased $1.5 billion in Bitcoin and would soon accept the cryptocurrency for car purchases. While bolstering Elon Musk’s crypto cred on Twitter, the move has a serious climate impact. Tesla prides itself on being the green car company,...

Peter Thiel’s Bitcoin Paranoia

Peter Thiel’s Bitcoin Paranoia

Apr 13, 2021

Silicon Valley billionaire Peter Thiel finds himself in a confusing moral quandary as he struggles to weigh the merits of his nerdish belief in cryptocurrency against his patriotic paranoia focused on China’s economic rivalry with the United States. Participating in “a virtual event held for...

A New European Financial Landscape Is Emerging

A New European Financial Landscape Is Emerging

Apr 01, 2021

The United Kingdom’s exit from the European single market on January 1 has sent trade in goods plummeting amid much confusion. By contrast, Brexit was carried out in an orderly manner in the financial sector, despite significant movement of trading...

Lebanon Hits a New Milestone

Lebanon Hits a New Milestone

Mar 05, 2021

On March 2, the Lebanese lira (or pound) eroded even further into becoming a failed currency, if there is such a thing. From an official exchange rate of 3,900 pounds per US dollar for importers and manufacturers of essential food items, the “cost of scarce dollars hit 10,000 Lebanese pounds on...

The Losers of the GameStop Saga

The Losers of the GameStop Saga

Feb 04, 2021

Slate’s Aaron Mak took the trouble to interview a group of people otherwise neglected by the media who happen to be the most directly concerned by the future of GameStop. As the pundits across the media landscape focused on the raging battle between a horde of Redditors and Melvin Capital,...

GameStop: Putting Skin Back in the Game

GameStop: Putting Skin Back in the Game

Feb 02, 2021

Unless you live completely off the grid, you have most likely heard something about the GameStop boom last week. For those unaware, a hedge fund, Melvin Capital, held very large short positions against GameStop, a brick-and-mortar gaming store whose stock has been falling steadily over the...

Is Wall Street a Wave or a Particle?

Is Wall Street a Wave or a Particle?

Feb 01, 2021

There have been enough commentaries in the past week on the great GameStop affair to fill several editions of Encylopaedia Britannica and possibly Wikipedia as well. The Daily Devil’s Dictionary particularly appreciates an article penned by Alex Hern, the UK technology editor for The Guardian,...

Will American Democracy Perish Like Rome’s?

Will American Democracy Perish Like Rome's?

Jan 28, 2021

A recent The Economist cover pictured the 46th US President Joe Biden in front of the White House with a cleaning mop. The lead, “Morning after in America,” projects that “The outlook for America looks grim, but that could quickly change.” The venerable publication proclaimed from its...

Sovereign Wealth Funds Bet Big on India

Sovereign Wealth Funds Bet Big on India

Jan 26, 2021

Since the outbreak of COVID-19, bad news has dogged India on the economic front. By the end of the 2020-21 financial year, which begins on April 1 and ends on March 31, the country’s GDP is estimated to shrink by 7.7%, the biggest contraction since 1952. In the first quarter of the 2020-21...

Regulating the Fast-Changing Fintech Landscape

Regulating the Fast-Changing Fintech Landscape

Jan 19, 2021

Markets remain abuzz with fintech applications that have the power to reengineer the financial services world and, significantly, even alter the financial inclusion landscape. Over the recent years, there have been several global adoptions of innovative technologies to fashion new business models...

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