Brookings Institution

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Fed, Bank of England ramp up emergency responses to escalating coronavirus recession; push deeper into uncharted territory
Business

Fed, Bank of England ramp up emergency responses to escalating coronavirus recession; push deeper into uncharted territory

The Fed, in its boldest move to date to soften the historic shutdown of much of the US economy, pledged $2.3 trillion to help local governments on the front lines of the health crisis and to prop up small and mid-sized businesses.

Coronavirus downturn has been rapid and sharp, says former Fed head Janet Yellen
World

Coronavirus downturn has been rapid and sharp, says former Fed head Janet Yellen

Talking of the employment sector, Yellen said she was expecting higher percentages of unemployment due to the coronavirus outbreak.

ISB deletes tweet dissociating from Shamika Ravi amidst last year's plagiarism row; Brookings reinstates economist's 2019 piece
India

ISB deletes tweet dissociating from Shamika Ravi amidst last year's plagiarism row; Brookings reinstates economist's 2019 piece

The International School of Business had attempted to disassociate itself from Ravi on 29 May with a tweet stating that she was 'not a permanent faculty member'.

Fed grappling with methods to fight next recession; hunts for new model in low-interest rate world
Business

Fed grappling with methods to fight next recession; hunts for new model in low-interest rate world

At a three-day conference in San Diego on an array of economic topics, one stood out: The textbook view of central banking, where low unemployment produces unwanted inflation that monetary policymakers can counter with interest-rate hikes, is at least badly hobbled if not fully broken

Urjit Patel as RBI chief: Modi marginalises Swamy, shuts up Congress, wrong-foots media
Business

Urjit Patel as RBI chief: Modi marginalises Swamy, shuts up Congress, wrong-foots media

Just as were getting ready to see a cow vigilante on Mint Street, the Centre unleashed Patel on us.

'Sextortion' a surprisingly common cybercrime, claims study
News & Analysis

'Sextortion' a surprisingly common cybercrime, claims study

Sextortion using nude photos of someone to press for even racier content or other goods is surprisingly common, a US think tank says in what it calls the first in-depth study of another danger lurking in cyberspace.

World's extreme poverty population to now account for less than 10%, says World Bank
Economy

World's extreme poverty population to now account for less than 10%, says World Bank

World Bank projects 702 million people or 9.6% of world's population to live in extreme poverty in 2015, down from 902 million people or 12.8% in 2012

Macau tops economic performance globally but Kolkata beats Mumbai in India
Business

Macau tops economic performance globally but Kolkata beats Mumbai in India

Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report by Brookings Institution and JPMorgan Chase. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase. One exception: Bangkok, Thailand, came in last, its economy wrecked by political strife.

1.2 billion live on less than $1.25 a day, says UN chief
World

1.2 billion live on less than $1.25 a day, says UN chief

More than 1.2 billion people are living on less than $1.25 a day and 2.4 billion are living on less than $2 a day, UN Secretary-General Ban Ki-moon said.

Star Wars III: Jayalalithaa Strikes Back — Brookings hails TN CM
India

Star Wars III: Jayalalithaa Strikes Back — Brookings hails TN CM

Tamil Nadu Chief Minister Jayalalithaa possesses a sharp mind and is committed to making a difference in her new term, one of the Washington's oldest and most prestigious think-tank has said.