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The super-rich are trolling us at this point. In January, it was revealed that the combined wealth of the world’s 10 richest men had increased by $ 540 billion (£ 400 billion) during the pandemic. It is a sum that is almost impossible to understand. It is precisely because our intuitions are so unreliable as …

Last week, the Forum of Official Monetary and Financial Institutions (OMFIF) released its eighth annual Global Public Investors (GPI) report. It included a survey of asset allocation plans by reserve managers of central banks, sovereign wealth funds and public pension funds. Together, the 102 investors who responded to the survey manage $ 42.7 trillion in …

NEW YORK – The US dollar rose late Friday as market participants digested the latest economic data. The dollar index, which measures the greenback against six major peers, rose 0.09% to 92.9104. At the end of the session in New York, the euro fell to 1.1770 dollars against 1.1771 dollars in the previous session, and …

We are getting more good news on how the economy is rebounding from the depths of the COVID-19 pandemic. According to the third-quarter economic outlook report released Wednesday by the Equipment Leasing & Finance Foundation, annual U.S. GDP growth is expected to exceed 6% this year, with investment in equipment and software expected to rise …

By Juliana Taiwo-Obalonye, Abuja President Muhammadu Buhari pledged that Nigeria will continue to support the African Peer Review Mechanism (APRM) process in the country because of its benefits for good governance and democracy. The president called the review “timely and practical,” explaining that the current administration, with its mantra of change agenda, has overhauled, revitalized …

First appearance at Policy Center for the New South (July 7, 2021) The world faces a huge infrastructure investment gap compared to its needs. With a few exceptions, such as China, this deficit is greatest in emerging and developing countries. The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 …

A majority of young Britons would like to live in a socialist economic system, new research shows. Millennials reject capitalism and firmly blame the housing climate change crises on its doorstep. They think socialism, on the other hand, is a good idea that has simply been done badly in the past. The survey of young …

For those who support the US economy, it has been a tremendous week. Initial jobless claims fell to a 15-month low; the Congressional Budget Office raised its projection for economic growth from 2021 to 7.4%; and the economy created 850,000 new jobs in June, well ahead of expectations. The same report showed an increase in …

For those supporting the US economy, it’s been a fantastic week. The first declarations of unemployment fell to a 15-month low; the Congressional Budget Office raised his projection for 2021 economic growth at 7.4%; and the economy added 850,000 new jobs in June, well ahead of expectations. The same report showed salary increase for American …

Hide caption For decades, the New Deal shaped the American economic system, until one fringe political project and ideology eventually overshadowed the old system with a system that put the free market above all else. Previous Next Martin Bernetti / AFP via Getty Images Hide caption Friedrich von Hayek in the late 1930s. Hayek founded …