Since the start of the year, undaunted by the marked deterioration in European political and economic fundamentals, the rating agencies have sheepishly followed the market's more favorable attitude towards Europe by providing the European countries with improved bond ratings.
If ever an International Monetary Fund (IMF) lending program highlighted the need for basic reform in the IMF's lending practices, it has to be that of its recently concluded Ukrainian stand-by arrangement.
Few hard facts are available in the outside world on the economy of North Korea. Consequently, analyses of the DPRK economy often take place in a sort of data-free vacuum. There is, however, one relatively reliable source for an aspect of North Korean economic performance, and its data suggest that the DPRK is more dependent upon politically supported trade today than it has been for decades.
Headquartered in a monstrosity of a building on the unfashionable rue de Bercy, for more than a decade the Paris Club has been tackling one of the thorniest problems in its history: recovering $9.7 billion in defaulted debt owed by Argentina. On Thursday, after a series of negotiations with Argentine officials, the club announced the problem solved. But is it really?
Please join AEI as the chief actuary for Medicare summarizes the report’s results, followed by a panel discussion of what those spending trends are likely to mean for seniors, taxpayers, the health industry, and federal policy.
Please join us as four of Washington’s most distinguished political observers will revisit the Watergate hearings and discuss reforms that followed.