Burdened by High Debt, European Banks Face a Reckoning

March 06, 2016

European banks haven’t recovered as well as American banks from the financial crisis. Investors have sold off shares as banks face tighter margins and an ongoing slowdown. Bank stocks are taking a drubbing globally, but the picture is a bit more glum in Europe. The Stoxx Europe 600 Banks Index...

The World This Week: Global Economy Has a Great Fall

August 29, 2015

A slowdown in China is making the world economy wobble and will lead to declining trade, growth and returns to capital. Soon after the fall of the Berlin Wall and the collapse of the Soviet Union, Francis Fukuyama published The End of History and the Last Man. He proclaimed: “The end point of...

Global Inequality: Why it Matters

August 24, 2014

Despite improvements in rates of inequality, almost half of the world’s wealth is still owned by 1% of the population. Since 1990, global poverty has halved, going down from 43% of the world population subsisting on less than $1 a day to 21% in 2010. According to UNESCO, the number of children...