President Trump: Math Is Hard

Since 1990, when his landmark Taj Mahal casino and hotel defaulted on interest payments to its bondholders, businesses owned by Donald Trump have filed no less than six times for bankruptcy. In fact, asking the courts for protection against duped

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Otaviano Canuto & Matheus Cavallari, World Bank: Bloated Central Bank Balance Sheets

Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of their balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one

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Ernst & Young: Argentina – New Government Measures to Improve and Strengthen Employment

Argentine payroll costs are the highest in Latin America, standing at a maximum of 40%. Social security and health care employer contributions amount to 23% or 27%, based on each employer, whereas contributions withheld from employees stand at 17%.  In

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Yasser Al-Saleh: The Secret of Dubai’s Success

As governments across the Middle East try to wean themselves off natural resources and build diversified, resilient economies, they should take some lessons from Dubai. It’s a remarkable story. In less than a generation, Dubai has transformed itself into a

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DeVere Group: Decisive Move Into Private and Investment Banking

One of the world’s largest financial consultancy services providers has moved into banking. Late last year, deVere Group acquired the St Lucia branch of Arton Bank in order to gain a foothold in private banking, and earlier this month the

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Evan Harvey, Nasdaq: A Short-Term Look at Long-Term Growth – The Expert Outlook on 2017

Given the rapidly changing state of our global economic and political picture, it can be daunting to integrate sustainability strategies into business practices. This has ever been the case, but perhaps the tension between short-term deliverables and longer-term principles is

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Otaviano Canuto, World Bank: Global Imbalances on the Rise

Discussions around large current account imbalances among systemically relevant economies as a direct threat to the stability of the global economy vanished in the aftermath of the global financial crisis. As the crisis originated in the US financial system –

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Davos: Growing Awareness of Growing Unease

William F Browder of Hermitage Capital Management has been a Davos regular for over twenty years, unfailingly embarking every January on a pilgrimage to the Swiss resort town to mingle with his peers, swap experiences, and ponder the challenges ahead.

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Davos: Till We Meet Again – Bankers Packing Up

Dutch Finance Minister and President of the Eurogroup Jeroen Dijsselbloem is worried that the increased insularity of thought displayed by Prime Minister Theresa May will prove near-fatal for the United Kingdom: “We’ll probably meet again twenty years from now. By

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Gavin Wilson, CEO IFC AMC: Mobilising Private Capital for Sustainable Development

Building and upgrading the infrastructure to underpin sustainable development in emerging markets and elsewhere requires additional investments estimated at around one trillion dollars annually. To support expected economic growth rates, and meet the UN’s Sustainable Development Goals (SDGs), the McKinsey

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