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With a decline in India rankings in recent years on opinion-based global indices on issues like democracy and freedom, a working paper that investigated three
Globally, two-thirds of young people do not achieve basic skills that they ought to learn in school, finds a new study by the ifo Institute. “These are alarming numbers,” says Ludger Wößmann, Director of the ifo Center for the Economics of Education. The figure for the UK is 19.0 percent, for the US it is 24.7 percent, and for Canada it is 14.9 percent – but for Estonia, for example, it is only 10.5 percent. “This means a total loss of USD 700 trillion in global economic output over the remainder of the century,” says ifo researcher Sarah Gust.
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The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Why to be wary of Larry Summers selling another Volcker-type "kill the economy to save it" interest rate jihad.