Essays & News

  The incident occurred on Friday, July 19, 2024. It affected thousands of flights and millions of people across dozens of nations on several continents. It has led to total costs of over $5 billion. “It” was an IT outage. This disruption, one of the biggest ever, was not the result of a pernicious virus, malicious […]

  In recent years, the resurgence of inflation in the United States and other advanced economies has brought a revival of conflict theories of inflation (CTIs). These theories, which are gaining momentum in academic and policy-making circles as well as the popular press, posit that inflation is fundamentally the result of distributional conflicts among various […]

Europe consists of a variety of countries and cultures with distinct traditions. The competition between them has long been the driver of developments. But Europeans also had something in common that was the fundamental component of success: a Christian heritage with its demand for self-responsibility and the call to “love thy neighbor.” Responsibility and respect […]

  Gold has been making headlines in the financial press for quite some time now, thanks to its stellar performance. Since October 2023, the price of gold has been making robust gains, hitting an all-time high of $2,480 per ounce on July 17. This is a significant jump from its previous record of $2,075, set […]

The worlds of media and politics are now consumed with the United States presidential election. Much of the speculation ignores, however, that whoever becomes president will be confronted with certain facts and developments they must address. This shows that it is not so important who the U.S. president is, at least not in international affairs. […]