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The fiscal cliff battle as a sign of a covert civil war

Most Republicans act as obdurate and dogmatic preachers of a new faith that refuses any concession on the core objective of making life miserable for liberals, women and non-white minorities that cast a vote enabling an evil and un-American President to be re-elected.





Outlook for the emerging countries: clear skies and agreeable temperatures

BARCELONA | by CaixaBank research | Crucial countries such as China and Brazil are already starting to see evidence of their economies speeding up. On the other hand, most emerging countries have steadily strengthened their economic systems, spreading structural reforms, liberalizing markets and keeping a close eye on the solidity of financial institutions.




Emerging Europe: financial relief, macroeconomic weakness

By CaixaBank Research | Emerging Europe continues to present two very different faces: while it has been going through a relatively calm time since the summer in terms of the financial stress resulting from the euro area’s sovereign debt crisis, the trend in data for activity has yet to improve to any notable extent.


How Iceland’s banking crisis fueled its startup boom

In the fall of 2008, the collapse of the Icelandic banking system sent thousands of promising young Icelanders into unemployment. Today, Iceland’s Generation Y is turning to entrepreneurship to dig out from under the country’s financial crisis.


Manufacturing punches US economy in the face

In what felt like an unexpected slap, US factory production shrank in November, the Institute for Supply Management’s factory index falling to 49.5 (50 marks the dividing line between expansion and contraction) from 51.7 in October instead of the expected 51.4. It’s the biggest contraction since July 2009, a clear sign of fiscal cliff angst.