WASHINGTON, DC – Turkey’s economy is in crisis. Inflation is high and rising, economic growth is stalling, foreign-exchange reserves have plummeted, many goods are in short supply or simply unavailable, and low- and middle-income households are increasingly impoverished. With per capita GDP having fallen from $12,600 in 2013 to $8,500 in 2020, Turkey’s …
Read More »Lifting the Lid on Global Inequality
NEW DELHI – The World Inequality Report 2022, produced by the Paris-based World Inequality Lab, is a remarkable document for many reasons – starting with its demonstration of the immense power of patient collective research. The report provides the latest estimates, based on careful aggregation of national data from a multitude of …
Read More »Stopping the For-Profit Pandemic
WASHINGTON, DC – It has been less than two years since phrases like “flatten the curve,” “contact tracing,” “social distancing,” and many others related to the COVID-19 pandemic entered the lexicon and became part of everyday communication. People everywhere have learned more about epidemiology, virology, and immunology than they ever …
Read More »Fact check on what the mass Israel vaccination vs natural immunity study really said
An Instagram post highlighted a headline about a non-peer-reviewed study from Israel that found that unvaccinated people previously infected with SARS-CoV-2 had greater immunity against the delta variant than never-infected people fully vaccinated with Pfizer/BioNTech’s COVID-19 vaccine. But the social media post omitted the study’s other finding that one dose …
Read More »The G20 and the Means to Climate Safety
NEW YORK – The philosopher Immanuel Kant famously said that, “Whoever wills the end also wills…the indispensably necessary means to it that is in his control.” Put simply, when we set a goal, we ought to take the actions needed to achieve it. This is an essential maxim for our …
Read More »What Developing Countries Need to Reach Net Zero
DUBAI – The recent report from the Intergovernmental Panel on Climate Change warns that the planet will warm by 1.5º Celsius by 2040 unless urgent measures are taken to eliminate greenhouse-gas emissions. After the report’s release, UN Secretary-General António Guterres aptly called it “a code red for humanity.” Global warming is becoming an increasingly urgent …
Read More »China’s Risky Business Crackdown
CHICAGO – Is there a larger purpose to the Chinese government’s recent actions against the country’s largest corporations, and does its cleanup of the financial sector fit into its economic strategy? China has sought for at least 15 years to rebalance its growth from exports and fixed-asset investment to greater …
Read More »Can Xi End China’s Gilded Age?
ANN ARBOR – Within the span of a generation, a new super-rich class emerges from a society in which millions of rural migrants toiled away in factories for a pittance. Bribery becomes the most common mode of influence in politics. Opportunists speculate recklessly in land and real estate. Financial risks …
Read More »Fifty years of Bangladesh-Bhutan Fraternal Ties: Prospects and Potentials
Bhutan is not only our neighbor but also a friend forever. Bangladesh’s relations with Bhutan began at a historic time when the people of Bangladesh were fighting against the Pakistani army for independence. Their inspiration and support gave courage to the people of Bangladesh that day. Since then, the people …
Read More »The West’s Unspoken Failure in Afghanistan
CHICAGO – The United States’ withdrawal from Afghanistan has captured the world’s attention. The chaos, distress, and general sadness of those left behind by America and its allies have drawn significant criticism. It seems inconceivable that 20 years of war, tens of thousands of lives, and $2 trillion were not enough …
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The Bhutanese Leading the way.