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Bernanke, Gertler, Kiyotaki and Moore win the Frontiers of Knowledge Award in Economics


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IMAGE: Ben Bernanke, Mark Gertler, Nobuhiro Kiyotaki, and John Moore, winners of the BBVA Foundation Frontiers of Knowledge Award in Economics.
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Credit: BBVA FOUNDATION
The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category has gone in this thirteenth edition to Ben Bernanke (The Brookings Institution, Washington DC), Mark Gertler (University of New York), Nobuhiro Kiyotaki (Princeton University) and John Moore (University of Edinburgh) for fundamental contributions to our understanding of how financial market imperfections can amplify macroeconomic fluctuations and generate deep macroeconomic recessions, in the words of the award citation.
In the last 15 years, says the committee, advanced economies have been hit by large macroeconomic shocks arising from the financial side. By 2008, fuelled by the liquidity glut stemming from emerging countries and by lax prudential supervision, man ....

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Key Players of South Asian Origin in the New Administration


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South Asians in the house! my cousin cheers between mouthfuls of samosa and peanut chutney as Kamala Harris is sworn in as Vice President of the United States on screen. It’s a day as celebratory as it is surreal especially for the ‘South Asians in the house’, who are scattered across the country watching one of the most unprecedented inaugurations in history. I knew I was going to see a female president or vice-president hold that Bible on camera during my lifetime. The world has seen female presidents and Prime Ministers from Golda Meir to Indira Gandhi to Angela Merkel; the world is growing up, and growing out of the trappings of a patriarchal society. Although we’re late, I knew I would have the honor of watching America catch up.  ....

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About 2.2 mln Russians receive first dose of Sputnik V vaccine


More than 1.7 million people have been given both dose
© Dmitry Rogulin/TASS
MOSCOW, February 10. /TASS/. About 2,200,000 people in Russia have received the first dose of the Sputnik V coronavirus vaccine, Deputy Research Director at the Gamaleya Research Institute of Epidemiology and Microbiology Dmitry Logunov said at a roundtable hosted by the Moscow City Council on Wednesday.
In total, about 2.2 mln people have received the first dose of the vaccine, he pointed out. More than 1.7 million people have been given both doses. Among them, only about 300 people got infected, Logunov added.
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According to him, the Russian vaccine is no different from foreign ones in terms of effectiveness. Logunov also pointed to the ongoing clinical studies and work to monitor immunogenicity in patients. ....

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Why Sarah Huckabee Sanders may lose race for Arkansas governor


Why Sarah Huckabee Sanders may lose race for Arkansas governor
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Political staffer and former Arkansas first daughter Sarah Huckabee Sanders is running for governor of her native state, but there’s already a Republican candidate there who is better qualified, better funded, smarter, more personable, and more honest.
Lt. Gov. Tim Griffin has done a lot more in his career than tell fibs for a president, work on failed presidential campaigns, and grow up with one’s father as governor. Indeed, no matter who runs against Griffin, it’s hard to imagine anyone with experience, skills, and judgment better suited for the job than Griffin’s. ....

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