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Paul Krugman News
Ajit Balakrishnan: S&P downgrade's secret peril The recent downgrade of the United States sovereign credit rating by Standard and Poor’s (S&P) has left many people speechless. Nobel laureate Paul Krugman has likened S&P’s attitude to that of “a young man who kills his parents, then pleads for mercy because he is an orphan”. S&P and its sister rating agencies, he says, have played a major role in causing the current budget
N Chandra Mohan: What is risk topography?
The global economic crisis of 2008-09 has triggered much soul searching in the economics profession. How come only a few economists saw it coming? Was it because the profession was blind to the
Pratip Kar: Lessons from SEC's makeover report
Over several decades the prevailing position of the US establishment towards Wall Street was one of steady deregulation and “hands-off cheering”. The Dodd-Frank Bill, which became the
Try unconventional medicine
G20/Commodities: Nicolas Sarkozy thinks he has radical ideas for the G20 to address volatile commodity prices, stopping just short of guillotining traders. A world burdened by
Ajit Ranade: A cat that catches mice
Which country is the biggest foreign investor in the United States? It is a tricky question, and don’t look for FDI data. The answer is China. With almost a trillion dollars invested in US
Economic Crash: The haves, the have-nots and the dreamless dead
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