Sharanya Bose

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UNDER THE HOOD: An extraordinary look at what's going on in the US economy right now

Economic growth over the last few years has been just so-so, though GDP is still growing about 2% annually.<p>Meanwhile, the labor market is on fire, with the economy adding more jobs in 2014 than any year since 1999.<p>But under the hood of the economy, we can see that consumer spending isn't as poor as …

Economics

Why the jobs report data spell trouble for the Phillips curve

The U.S. economy added 215,000 jobs in July, and unemployment remained unchanged at 5.3 percent, the Bureau of Labor Statistics reported today. Over …

3 Ways You're Making Running Harder Than it Is

<i>By Markham Heid, Prevention.com</i><p>Always stretch before you run—you've heard it a thousand times. While the advice makes intuitive sense, you might be shocked to learn there's no research to support this wisdom. And now a study from Texas A&M University suggests that stretching can actually slow you …

Property rights, household conflict and suicide in India

The World Health Organization estimates that there were 260,000 suicide deaths in India in 2012 alone; twice as many deaths as HIV/AIDS and almost …

Opec under siege as Isil threatens world's oil lifeline

As the bloc’s 12 oil ministers meet in Vienna, the march of Isil jihadists in the Middle East is putting Iran and Saudi Arabia on a collision course with explosive consequences<p>Thick black smoke rising from the Baiji oil refinery could be seen as a dirty smudge on the horizon as far away as Baghdad …

When the world was reinvented: Harry Truman, Joseph Stalin & the end of World War II

<b>Winston Churchill, Harry S.Truman, and Josef Stalin pose in Potsdam, Germany, July 23, 1945. (AP)</b><p>Historian Michael Neiberg tells Salon about the perils of the postwar era & the limits of the what great men can do<p>J.P. O'Malley<p>May 16, 2015 7:00pm (UTC)<p>Up until the second decade of the 20th century, …

Remembrance Day

37 ways to un-rig the U.S. economy so it no longer favors the rich

Joseph Stiglitz, Elizabeth Warren and the Roosevelt Institute weigh in on the defining issue of the 2016 elections<p>Steven Rosenfeld<p>May 16, 2015 2:00pm (UTC)<p>This article originally appeared on AlterNet.<p>A new report written by scores of progressives economists has laid out an detailed agenda to …

U.S. Economy

Is India's 100 smart cities project a recipe for social apartheid?

In architectural renderings, Gujarat International Financial Tec-City resembles a thicket of glassy blue skyscrapers soaring above the Sabarmati River in Gandhinagar, capital of the western Indian state of Gujarat. Its “signature towers” include the Diamond, a 410-metre spire resembling an icy …

The great unraveling of globalization

In late 2013, Cisco chief executive John Chambers used a portentous phrase while telling analysts that sales in emerging markets were spiraling downward, forcing the networking equipment company to cut its three- to five-year revenue growth target: “We’re the canary in the coal mine.”<p>It was meant …

India’s BR Ambedkar would have abhorred the politics of Narendra Modi

Dr BR Ambedkar was born 124 years ago on 14 April, and Google has honoured him with a doodle – a fitting gesture. Ambedkar was a fierce advocate of education and knowledge, and he would have enjoyed the gamut of information technology. Of the oppressed castes of India (dalits), Ambedkar wrote: …

ECB president 'blew up' at plan that could have solved the Greek crisis in 2010

The implication of the paper is that the European Central Bank (ECB), the European Commission and the IMF screwed up in 2010 by failing to allow a restructuring of Greek debt that would have avoided the current crisis. If Greece cannot reach a new financing deal over the next few weeks it may exit …

Economics

I've seen first-hand how palliative care in India is compromised by privatisation

Healthcare Network,Work practices,International,India,South and Central Asia,World news,Health,NHS,Society,Doctors,Hospitals,Policy,Global development<p>Country is a stark example of how making healthcare a commodity can lead to corruption, erode doctors’ integrity and damage relationships with …

Iraq, U.S. Are Divided on What’s Next in Battle Against Islamic State

After retaking Tikrit, Americans look to Mosul while Iraqis want to reclaim province of Salahudeen<p>Iraqi security forces and their U.S. partners are divided about where to next confront Islamic State after their victory over the extremist group in Tikrit last week.<p>Both hope to capitalize on the …

Islamic State (ISIS)

Secrets of SOG: An Unheeded Warning

Few know of the secret operation conducted for eight years during the Vietnam War, hidden from the press, the public, and the politicians. This …

Phil Robertson’s barbaric faith: “Duck Dynasty” star and Fox News’ Sean Hannity turn drivel into God’s word

<b>Sean Hannity, Phil Robertson (Jeff Malet. maletphoto.com/Photo montage by Salon)</b><p>The Fox News host keeps turning to the “Swamp Sage” for wisdom. No one comes out of this looking good<p>Jeffrey Tayler<p>April 5, 2015 9:59am (UTC)<p>Sean Hannity, I’m almost embarrassed to admit, is not all bad. Just after the …

Religion

The Housing Origins Of Both The Great Recession And Wealth Inequality

There are two ongoing, separate academic debates about the role of the housing market in creating the Great Recession as well as the recently documented rise in wealth inequality. While they are two distinct debates, they are connected in many ways and jointly suggest that trends in housing markets …

Ben Bernanke's Insightful New Blog On Macroeconomics And The Fed

For the first time in history, a former Chair of the Federal Reserve is blogging. According to Ben Bernanke, his new Brookings Institute blog will be about “economics, finance, and sometimes baseball”. Apart from occasional speaking engagements, the public has not heard much from Bernanke since he …

The 25 Golden Rules of Running

Time-tested, universally accepted axioms of the sport.<p>In most cases, these rules started out as a lightbulb over one runner’s head. After a while, that runner told a few running buddies (probably during a long run), word spread, and before you know it, coaches were testing it, sports scientists …

Running

The Indian media's rural blind spot | Asia

For Indian news outlets they are known as the "Big Four" – topics that are surefire ways to sell newspapers and get people to watch news broadcast.<p>This is a phenomenon that you find around the world where the voice of the nation is seen to be the voice of a middle class.<p>Kamala Visweswaran, author …

Wall Street keeping a close eye on wages

The stock market moved sideways and down this week as investors sorted through a welter of conflicting data about the strength of the U.S. economic recovery: consumer spending up, inventories down, dollar stronger, output forecasts lowered.<p>But, analysts said, the one place investors might check …

Economics

As Yemen sinks deeper into chaos, just whose wars are we fighting in the Middle East?

The sectarian proxy war between Iran and Saudi Arabia could derail the USA's delicate nuclear talks with the Shiite superpower<p><b>The air strikes launched by Saudi Arabian planes against Houthi rebel positions in Yemen</b> may represent a significant escalation in the country’s increasingly bitter civil …

10 Charts Say We Have Not Recovered From The Last Financial Crisis

By Michael Snyder<p>If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been …

Sorry, but it's not a 'law of capitalism' that you pay people as little as possible — it's an excuse

Consumers account for ~70% of the spending in our economy, so when they're hurting, we're all hurting.<p>The reason average consumers are strapped is that, for the past 35 years, we have increasingly told ourselves that the only thing companies are supposed to do is "maximize profit." We have …

Income Inequality

Victorian romance: The GOP’s “Oliver Twist” budget and the comeback of class warfare

<b>(AP/J. Scott Applewhite/Danny Johnston/Patrick Wang via Shutterstock/Photo montage by Salon)</b><p>Tom Cotton and Ted Cruz call for more prisons and less gruel in Big Capital’s Dickensian war against the poor<p>Andrew O'Hehir<p>March 21, 2015 4:00pm (UTC)<p>To make sense of the distorted dream world of American …

Ted Cruz

A coming crackdown on Federal Reserve power?

Critics want to water down the power of the New York Fed president.<p>A move to shift power away from the New York Federal Reserve Bank is finding some powerful friends in Congress amid lingering worries that a key part of the central bank is too cozy with Wall Street.<p>Two Republicans running the …

Why it's finally time for India to start shining

The world is paying attention to India's economic prowess, but can the behemoth finally start living up to its billing?<p>“A bright spot in a cloudy global horizon.”<p>Rarely has the International Monetary Fund been so effusive about a country that, only a quarter of a century ago, stood on the brink of …

Greece Continues That Slide Towards Grexident

It’s somewhat difficult to work out what is the negotiating strategy of the Greek side over this debt bailout deal. For it’s increasingly looking like that wonderful portmanteau invention of Schaeuble, the German finance minister, could be about to come true, Grexident. That is, Greece leaving the …

Liquidity crisis could spark the next financial crash

Traders warn of a global credit 'meltdown' if corporate bond markets don't improve<p>For Norval Loftus, chief investment officer at Allegra Asset Management, trading corporate bonds is not as easy as it used to be.<p>“It’s like night and day compared with six or seven years ago,” the bond market veteran …

"An 'Old-Fashioned' Recession Is Spreading Across The World," Billionaire Hedge Fund Manager Warns

The bust of Aussie boom-towns, collapse of the mining industry, dramatic capital outflows, and a bursting housing bubble all have one thing in …