(Photo: Inside Havana) Cuba expands its limited free-market experiment (Los Angeles Times) Cuban barbershops and beauty salons are now joining a small but growing group of free-market entrepreneurs on the island: the government is allowing owners of these businesses to set their own prices for services rendered—according to the market, of course—and pocket their revenues, […]
Although most projections show a continuation of positive growth in 2010, questions about the strength and sustainability of the recovery remain. To provide an economic outlook for the new year, the Carnegie Endowment on 5 Jan, hosted a distinguished panel of the heads of the economic forecasting unit at their respective organizations.
Though you haven’t started hearing much about it yet in the MSM, there really are ‘gilmmers of hope’ on the economic horizon as President Obama’s aggressive stimulus and economic recovery agenda kicks into gear. Recent economic data is beginning to paint a bright pciture for recovery end of 09, into 2010.
Foreign Policy magazines interviews Mohamed El-Erian, Co-CEO & Co-Chief Invesment Officer of PIMCO — an international invesment management firm. Mr. El-Erian’s is also one of the world’s most respected investment managers & economic analysts. His commentary is widely followed quoted on Wall Street. He shares his insights on the realignment of the global economy and why we aren’t prepared to handle it without significant risks of both market accidents and policy mistakes.