BANGALORE | By Srikanth Vasuraj | Indian economy needs a push. After a lull of almost 3 years in bringing in reform initiatives, due to political one-upmanship by the opposition parties, we have seen some key reforms passed Parliament in recent months. Whilst these are not expected to produce results overnight, they will become performance benchmarks for whoever forms the government after the 2014 general elections.
SAO PAULO/ NEW YORK | By Marcus Nunes and Ana Fuentes | Since Larry Summer’s withdrawal, Janet Yellen seems to be the clear candidate to replace Bernanke at the U.S. Fed. However, for Marcus Nunes, the choice is clear: former White House Council of Economic Advisors chair Christina Romer should be the one because she “shows an understanding Bernanke lacks”. Other members of The Corner team are strongly supporting Stanley Fisher. Time for readers to bet (and speculate).
NEW YORK | By Ana Fuentes | In a few months, Google has definitely managed to get tons of publicity by limiting Glass to some selected users: tech reporters, actors and opinion makers who are all posting their pictures and videos wearing the gadget and being the brand’s best PRs. However, Glass has raised privacy concerns in many parts of the world. In Europe, the networked frames are not likely to get to the shops in years.
WASHINGTON | By Jeff Madrick via The Next New Deal | Wall Street has responded well to Summers’s withdrawal, but Main Street would also be better off without an inflation hawk leading the Federal Reserve.
SAO PAULO | By Marcus Nunes | That´s because it can´t be simply called “policy”. Over time the Fed´s economic growth projection has been falling, and after it drops a few notches the Fed introduces something “new” (or “surprising”).
MADRID | By J.P. Marin Arrese | When it comes to make a decision, a central banker is not supposed to hesitate, otherwise bewilderment and dismay will take in and lead to utter economic disarray. Mr Bernanke is bound to keep his word about tapering. And he has very little time to deliver before leaving office.
After more than two years, economic issues raised during the Arab Uprisings are still lingering on government agendas.
SAO PAULO | By Marcus Nunes | Regarding the economic recovery… from Robert Samuelson (explaining Edward Lambert´s AS/ED, that´s Aggregate Supply/Effective Demand, theory).
MADRID | By Francisco López | Mark your calendars. For the first time in quite some time two major events for the future of markets and EU’s banking union are taking place in less than a month: the Fed’s meeting next Wednesday and the German elections on September 22. Is the tapering starting and by how much? Will Angela Merkel have to find a new political partner?
MADRID | By Santiago Graiño Knobel via BBVAOpenMind | A market where the user is not the customer seems crazy, not to say perverse, seems impossible since it distorts the logical responsibilities of exchange and conceals the interests at stake, but the fact is that it does indeed exist: it’s the media. Recipients pay nothing, or amounts that usually do not even cover half the cost, and the media are owned by profit-making companies. And that, the author believes, leads to many problems.