Vignettes of a World in Danger

Ricardo Pascoe Pierce The contemporary world has become a highly dangerous place. The bipolar Cold War world of communism and capitalism, inaugurated after World War II in 1945, ended with the collapse of the Soviet Union in 1990. Despite the permanent threat of nuclear war, …

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A Conflict Between Three Powers

Antonio Navalón In just 15 days, the world changed. When it seemed that the world could only be capable of sustaining or witnessing a single armed conflict at a time – referring to the war between Ukraine and Russia – the terrorist group Hamas forced …

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International Monetary Fund. Managing Expectations: Inflation and Monetary Policy.

Inflation around the world reached multidecade highs in 2022. While headline inflation has since come down, core measures are proving stickier. The high inflation experience of the last two years could engender persistently high inflation expectations, complicating central banks’ paths to getting inflation back to …

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Luis Maizel’s Monthly Letter: Stop the World – I Want to Get Off!

The title of the letter is from a Broadway play many years ago. Many people today feel that everything is terrible, with wars dragging on indefinitely, inept and corrupt governments in most parts of the world, non-existent leadership, and a global economic situation complicated by …

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My oil to Cuba

Ricardo Pascoe Pierce On September 26 this year, Bloomberg reported that Mexico is sending free oil to Cuba. It noted that 350,000 barrels of crude oil were sent in June, while in July, twice as much was sent: 700,000 barrels. Mexico gave Cuba oil with …

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North-South, East-West.

Ricardo Pascoe Pierce The United Nations General Assembly (UNGA) meeting was held last week in an atmosphere of global realignments. The leaders’ speeches (3 women among men) from multiple countries expressed opinions on common issues: the war in Ukraine, the global financial system, poverty, the …

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