Daily Archive: April 3, 2017

Apr
03

Global productivity slowdown risks creating instability, warns IMF

Christine Lagarde says governments must invest in education, cut red tape and encourage innovation to drive up growth

The head of the International Monetary Fund has issued a stark warning that living standards will fall around the world unless governments take urgent action to increase productivity by investing in education, cutting red tape and incentivising research and development.

Christine Lagarde used a speech in Washington to tell policymakers they could not simply wait for innovation to drive up productivity growth and help living standards recover from the legacy of the global financial crisis.

Related: Ignore the nanny-state claims – credit card firms need to help those in long-term debt | Nils Pratley

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Apr
03

Supreme Court to Weigh if Firms Can Be Sued in Human Rights Cases

The case concerns the Jordan-based Arab Bank, which is accused of processing financial transactions through a branch in New York for groups linked to terrorism.

Apr
03

Theresa May cares more about blue passports than children in poverty | Frances Ryan

Forget the distraction of Brexit – cuts coming in this week say so much more about the UK’s national identity

The country may still be reeling from the triggering of article 50 but it’s this week that Britain will truly define itself – and in the most shameful of ways. In the coming days, Theresa May’s Conservative government will bring in a range of widespread benefit cuts – cuts that target disabled people, young people, and parents on low wages.

Related: Cancer patient’s family stands to lose £50k under benefit cuts

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Apr
03

Putin’s illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz

The west’s post-cold war failures across the former Soviet bloc should not weaken its resolve to create democratic states

Today, a quarter-century after the cold war’s end, the west and Russia are again at odds. This time, at least on one side, the dispute is more transparently about geopolitical power, not ideology.

The west has supported in a variety of ways democratic movements in the post-Soviet region, hardly hiding its enthusiasm for the various “colour” revolutions that have replaced longstanding dictators with more responsive leaders – though not all have turned out to be the committed democrats they pretended to be.

Related: Donald Trump, the master of unreality, must be resisted at every turn |

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