Will a Global “Happiness” Index Ever Beat Out GDP?

For several decades, economists have been dancing around the idea that economic growth doesn’t equal happiness. And yet, politicians and the media are constantly using growth rates as the way to assess whether a country is really getting ahead. Why? Because GDP is one of the few economic indicators that everybody measures and …

Bailout Bonus: Chrysler Pays Its Tab to Uncle Sam

There must be a sweet taste of revenge in Motor City these days, what with Chrysler having successfully raised $7.5 billion by selling bonds to Wall Street. Sure, the Fiat-run American automaker had to pay a stiff interest rate, but it did manage to raise money from the same folks who balked at taking a haircut when Chrysler was …

Will China have an Arab Spring?

I just arrived in Cairo, perhaps the country changed most so far by the “Arab spring” pro-democracy movements sweeping across the Middle East, and it got me thinking about the future of authoritarian regimes back home in Asia – and most of all, China. There has been much talk about whether or not China is vulnerable to the sort of …

Is the ECB Making the Eurozone Crisis Worse?

We are back in the throws of the eurozone crisis. Greece’s debt has been downgraded again, Italy is facing new scrutiny about its growth prospects, and poor results for the ruling Socialist party in Spain’s local elections are adding to market jitters.

The torrent of events sound about the same as they did a year ago. So why are …

Is “Too Big to Fail” Too Light on Blame?

“Too Big to Fail,” the HBO film based on Andrew Ross Sorkin’s book that premiers tonight, has its moments. For a story that’s already been hashed out in countless books, magazines, and documentaries, HBO’s rendition of the Wall Street meltdown still manages to feel fresh, entertaining, and even educational. But does it get to the …

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