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Some countries have issued their own central bank digital currencies, and many European economists favour such a currency too. This column shows that when properly designed, central bank digital currencies can help stabilise the financial and monetary system. Furthermore, a complementary currency backed by a central bank digital currency can not only compensate for the demise
‘Local news organizations are just so much less equipped now … to cover even something as consequential as the coronavirus pandemic’
Chinese navy conducts live-fire military drills amid growing competition with US ANI | Updated: May 20, 2021 22:24 IST Beijing [China], May 20 (ANI): China's People's Liberation Army (PLA) Navy fleets attached to three of the military's theatre commands have staged separate live-fire drills in recent days to counter US military challenges. It is part of Beijing's efforts to create a combat-ready military force in the face of growing military pressure from the US over the Taiwan Strait and the South China Sea. Citing local media, South China Morning Post (...
Sun, 10 Jan 2021 17:25 UTC © Corbett ReportI don't need to tell you that we are living through world-historical times right now. The frequency of world-changing events is accelerating even as the impact of these events on our day-to-day lives is increasing. As Lenin rightly observed: "There are decades where nothing happens; and there are weeks where decades happen." Perhaps there are years in which centuries happen. With that in mind, I am taking my annual look at the year ahead and splitting it into three parts. In this first instalment, I will look at the tectonic shifts that are taking p...