crisis

  What began as a pupils’ protest against poor and deteriorating conditions in schools escalated into widespread riots led by a radical socialist mob. There were battles with police, the Limoges town hall was burned, the Marseille city hall was stormed, shops were looted and cars were set on fire. Police officers were injured and […]

  When crises hit, it is quite common to think it is us who are living in unprecedented times, even if we have already experienced a few severe downturns. In many ways, this is not far from the truth. Speculation was nothing new when the dot-com bubble hit in the 1990s, but this time it […]

  America’s midterm congressional campaigns are now underway, marked by clamor over the so-called “affordability crisis.” Although driven primarily by Democrats, the hand-wringing narrative is prompting candidates across the political spectrum to propose all manner of government measures to correct purported market failures. But such interventions are, more often than not, the cause of higher […]

  The eurozone’s two largest countries, France and Germany, could drag the continent into a crisis. The year 2023 was bad for eurozone economies already, with sluggish overall growth a meager 0.6 percent. While short-term factors such as inflation and the necessarily tighter monetary policy can explain the latest developments, longer-term forces, especially in Germany and […]

  Since Chinese President Xi Jinping forced his way into a third term of office, he has tried to build up a great image of himself as an all-knowing leader. He wants Chinese people to learn from his “theories,” especially economic ones. Recently, during the BRICS summit in South Africa, Xinhua News Agency held a […]