By Gernot Wagner NEW YORK – Elections are supposed to clarify policy uncertainties, and on the economic front, Donald Trump’s victory over Kamala Harris has done just that. All three major US stock indices and US Treasury yields jumped the morning after Election Day, reflecting expectations of both strong economic growth and …
Read More »Why Is the US Presidential Race Even Close?
By John Mark Hansen CHICAGO – I teach a course at the University of Chicago on presidential elections, and I hear the same kind of question from friends on both the right and the left. The Republicans I grew up with in western Kansas cannot understand why Donald Trump is …
Read More »Why Media Matters in Bhutan
By Yangchen C. Rinzin The media is regarded as the fourth pillar of the state, playing a crucial role in keeping the public informed and enabling them to make informed decisions. The Constitution safeguards the freedoms of speech and information signifying media has a vital role in a democracy. News …
Read More »Can Europe Create an Innovation Economy?
By Philippe Aghion , Mathias Dewatripont and Jean Tirole PARIS – In the three decades after World War II, Western Europe caught up with the United States in terms of per capita GDP. But since the mid-1990s, this trend has reversed, with the US growing twice as fast as Europe. …
Read More »How to Mobilize Private Climate Finance
By Mette Frederiksen and Mia Amor Mottley NEW YORK – Around the world, we are witnessing the devastating effects of changing temperatures. Droughts, floods, and sweltering heat are taking lives, eroding hard-earned socioeconomic gains, and leaving countries’ future hanging in the balance. Worse, those who have contributed the least to …
Read More »Helping Women Adapt to Extreme Heat Helps Us All
LONDON/SAN FRANCISCO – Climate shocks – from heat waves to droughts, floods to wildfires – often hit women the hardest. New research published this May in The Lancet found that even in wealthy European countries, women died at nearly twice the rate as men from extreme heat over the last …
Read More »Saving the Planet from Plastics
NEW DELHI – There is no denying that plastics have delivered tremendous benefits over the past century, driving technological innovation, transforming health care, and fueling global economic growth. But as we now know, this progress has come at great cost. The adverse consequences of our overreliance on plastics are well-documented. …
Read More »Monopolies Are to Blame for Generative AI’s Hallucinations
BRUSSELS – In May, Google rolled out a long-expected update that incorporated generative artificial intelligence into its dominant search engine. Users searching for information in the United States are now sometimes shown an AI-generated overview that summarizes the results, followed by the usual list of websites ranked by relevance. Within days, people …
Read More »Why Harris Can Beat Trump
WASHINGTON, DC – Kamala Harris can win the US presidency. Yes, Donald Trump is a formidable candidate, whose campaign was bolstered by his defiant reaction to the July 13 attempt on his life. But Harris has emerged as the presumptive Democratic nominee with stunning speed following President Joe Biden’s withdrawal; …
Read More »Harnessing AI for the Common Good
BERKELEY – Much of the media coverage of artificial intelligence has focused on its potential negative impact. Science-fiction scenarios like the human-robot wars of the Terminator franchise and real-world controversies, such as the proliferation of deep fakes and OpenAI’s unauthorized use of Scarlett Johansson’s voice for its new digital assistant, have captured the public imagination, …
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The Bhutanese Leading the way.