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Preventing a Global Education Disaster Tuesday, July 28th, 2020

“The beautiful thing about learning,” the great blues guitarist B.B. King once wrote, “is that no one can take it away from you.” Born and raised in poverty, King understood the value of education as a force for change. If only political leaders responding to the COVID-19 pandemic had an..

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Lebanon’s Dysfunctional Political Economy Monday, July 27th, 2020

Lebanon’s economy has collapsed. There is little confusion about why or what is needed to save it. The question is why nothing has been done. For the last two decades, Lebanon had been living off capital inflows, averaging 20% of GDP per year. Thanks to high interest rates, deposits – largely..

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Mask Wars

For the last month, the United States has been regularly breaking its daily record for newly confirmed COVID-19 cases, registering more than four million cases overall and closing in on 150,000 deaths. Although other developed countries in Europe and Asia seem to be containing the spread, the US..

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THOUGHT PROCESS OF SENIOR CITIZENS IN COVID TIME

Several scholars around the world have unambiguously pointed out that humanity is the same all over the world, irrespective of the regions in which people live . This implies that under similar circumstances, people around the world react almost in the same way. The present ongoing COVID crisis has..

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SALARY HIKE FOR BANK STAFF IN INDIA–ANTI CLIMAX IN COVID TIME Saturday, July 25th, 2020

It is reported that bank employees’ unions and the Indian Banks’ Association (IBA) have agreed for an annual wage hike of 15 per cent to the bank staff, a move that will result in an additional yearly outgo of around Rs 7,900 crore for the banks.. As many as 8.5 lakh bank employees are set to..

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Deal It With Courage, Not Fear: Post LockDown Precautions

By Somya Agrawal, KATHMANDU: Nepal government on July 21 announced the withdrawal of the nationwide lockdown which was imposed in the country since 24th March 2020. The decision to end the lockdown was made concerning the fall in the number of coronavirus new cases in Nepal. However, the government..

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Revisions on China: Abandoning the Nixon Legacy Friday, July 24th, 2020

The largest authoritarian target for the Trump administration remains China. China is convenient; China is destiny. The US imperium has always needed, on some level, handy demons to justify vast military budgets and its sprawling network of military bases. Lacking enemies would naturally lessen the..

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What If There’s No COVID Vaccine?

When it comes to ending the COVID-19 crisis, our experience beating back HIV/AIDS can teach us much. Above all, it was never clear during that earlier pandemic whether we could count on an eventual vaccine to be part of the solution. In our efforts to overcome today’s crisis, we would be remiss..

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OPPORTUNITY FOR SRI LANKAN TAMILS TO REVISIT THEIR PRIORITIES Thursday, July 23rd, 2020

Yet another election will be held in Sri Lanka ,undeterred by the COVID 19 crisis. Though some sane voices have pleaded for postponement of election to a future date after the end of COVID 19 crisis, the powers that be in Sri Lanka have decided that election should take place now. Certainly, heaven..

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The Open Secret to Reopening the Economy

The future of the world economy is becoming clearer. At the outset of the pandemic, there were lively disagreements over whether the lockdown and other measures were warranted, or whether the economic costs were too high. Now, it is increasingly evident that economic activity will resume fully only..

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East Asia’s New Edge Wednesday, July 22nd, 2020

Death tolls don’t lie. The most striking disparity in COVID-19 fatalities to date is between East Asian countries, where the total number of deaths per million inhabitants is consistently below ten, and much of the West, where the numbers are in the hundreds. For example, Japan has so far..

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From American to European Exceptionalism

Those are tough words to swallow for a hardcore Euroskeptic. Like many, I have long been critical of Europe’s Economic and Monetary Union as a dysfunctional currency area. Notwithstanding a strong political commitment to European unification as the antidote to a century of war and devastating..

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Trump’s Ancient Ballot Lie Tuesday, July 21st, 2020

As the United States heads toward its most significant and contentious presidential election in a very long time, there is much talk about voting by mail. Some see this option as necessary to ensure ballot access for all amid the COVID-19 pandemic, particularly blue-collar workers and minority..

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Is a China-US “Rivalry Partnership” Possible?

Not a day seems to pass without further evidence of the mounting economic tensions between China and the United States, the world’s two largest economies. This growing antagonism will have a bigger immediate impact on China than on the US, as bilateral decoupling fuels a broader ongoing process..

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China Has Blown Its Historic Opportunity Monday, July 20th, 2020

Until recently, China was unmistakably trying to be a hegemon in the image of the United States, increasingly complementing its growing hard power with soft power. But China seems to have missed its opportunity to build a serious rival to, or even supplant, the existing world economic order..

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Economics and the Culture War

I have long criticized economics for its lack of realism, and for producing “models” of human behavior that are at best caricatures, and at worst parodies of the real thing. In my recent book What’s Wrong with Economics?, I argue that, in their attempt to establish universal laws, economists..

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Total Masking: Victoria’s Coronavirus Response

The Victorian Premier turned up for his weekend delivery of coronavirus infections, gruffly delivering the news. It has become grim if compelling viewing: the announcement about the next spike in coronavirus infections, the next gruesome statistical spread on transmission. On Sunday, Daniel Andrews..

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Has Big Pharma Finally Stepped Up? Sunday, July 19th, 2020

Earlier this month, the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) launched a nearly $1 billion AMR (antimicrobial resistance) Action Fund to support the development of desperately needed new antibiotics. Many of the world’s largest pharmaceutical..

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The Future of Transatlanticism Is Up to Europe Saturday, July 18th, 2020

Politicians who don’t know what to do when confronted with new or difficult circumstances often resort to empty phrases. This certainly appears to be the case for Europe and its changing relations with the United States. For example, German Chancellor Angela Merkel now argues that transatlantic..

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