A controversial ad from Callaway Golf that was made by Good Good Golf has caused a firestorm online for showing a male player shoving a female golfer to the ground after she attempts to use his driver.
Today’s global imbalances, starting with China’s massive trade surplus, are not simply the result of poor macroeconomic coordination. Rather, they reflect long-term strategic thinking and a departure from the bias toward openness on which the postwar trade order was built. PARIS—Global imbalances are moving back to the top of the policy agenda, reflecting angst about…
The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995. NZD/USD Price Forecast: Technical outlook The daily chart…
investingLive Americas FX news wrap 24 Jul: Geopolitics remain the focus for traders. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
European shares are closing mostly higher on Friday, but the gains were not enough to erase losses for most of the major indices this week. The broader STOXX 600 is also on pace for a weekly decline as elevated bond yields and oil prices continue to weigh on sentiment. European closing levels: German DAX, +0.59%…
Despite a series of major negative shocks, some of them unprecedented, the US economy continues to grow in line with its estimated long-run potential. Yet given obvious and mounting risks, from debt-financed speculation to geopolitical tensions, the appearance of resilience should not be confused with the real thing.
Prepared for the Annals of the American Academy of Political and Social Science. We thank Steven Durlauf, Wolfgang Keller, James Robinson, and participants at the “Whither Meritocracy?” conference and HKU economic history conference for helpful comments. Ying Bai acknowledges financial support from the University Grants Committee/Research Grants Council of the Hong Kong Special Administrative Region,…
