Introduction Governments and central banks have pinned a lot of their credibility on returning the world economy, after the Pandemic and the inflation shock, to an orderly picture of inflation…
USA
Introduction Financial regulators and governments have made much of their success in restoring the global financial system to a state of stability after the Global Financial Crisis and the Eurozone…
On Oct 30, 2023, President Biden signed the Executive Order on AI, requiring AI developers and cloud providers to share safety tests and other crucial information with the government. It…
On December 13, 2022, delegates from forty-nine African countries and the African Union traveled to the United States to attend the US-Africa Leaders Summit. Burkina Faso, Mali, Guinea, and Sudan…
What are the lessons for Europe from the demise of Silicon Valley Bank?
Silicon Valley Bank (SVB) has gone from hero-to-zero in 48 hours. From established bankers to start-ups in the tech, fintech, and biotech industries and to Napa Valley’s premium wineries on…
Last October, US Secretary of State Anthony Blinken declared: “We are at an inflection point. The post-Cold War world has come to an end, and there is an intense competition underway…
When President Joe Biden campaigned under the slogan “build back better,” he meant to break away from limited government and expand the role of the state in a variety of…
In previous years, the transfers of data have been a tug of war between the EU and the US. At the beginning, companies depended on an agreement known as the…
Standard&Poor’s, one of the three major credit rating agencies downgraded on Friday the USA credit rating, previously noted AAA, the highest possible level. The new rating AA+ is translating the worry of experts about the sustainability of US public finances, in the context of ever increasing public spending and public debt above $14.3 trillion. The debt deal signed by the Congress is projecting savings of $1.2 trillion, which S&P estimates to be insufficient.
This would be the annual interest on the USA public debt in 2021, according to the estimations made by the economist Veronique de Rugy. This number is nearly triple from…