Submitted by John Mauldin via MauldinEconomics.com,
Last month I ran across a fascinating study by economist John Cochrane. He is a senior fellow at the Hoover Institution, former University of Chicago professor, and adjunct scholar with the Cato Institute.
Cochrane wrote a paper on economic growth last year as part of a project to design presidential debate questions where he took a matter-of-fact approach to the growth problem.
The Associated Press reports:
The Islamic State group has trained at least 400 fighters to target Europe in deadly waves of attacks, deploying interlocking terror cells like the ones that struck Brussels and Paris with orders to choose the time, place and method for maximum chaos, officials have told The Associated Press.
The network of agile and semiautonomous cells shows the reach of the extremist group in Europe even as it loses ground in Syria and Iraq.
Submitted by Joseph Calhoun via Alhambra Investment Partners,
Canada has joined the “bail-in” posse.
Canada will introduce legislation to implement a "bail-in" regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors.
The proposed plan outlined in the federal budget released on Tuesday would allow authorities to convert eligible long-term debt of a failing lender into common shares in order to recapitalize the bank, allowing it to remain operating.
Source: CNBC
Submitted by Oscar Webb via MiddleEastEye.net,
Beko stood outside the Moria centre, trying to make sense of where to go next after a controversial plan to send migrants and refugees from Europe back to their countries came into effect earlier this week.
The 28-year-old from Baghdad, his Syrian wife and their two-month-old son are among hundreds of people who have arrived on dinghys and boats to Greece in recent days, after a deadline for the new EU-Turkey deal passed at midnight on Sunday.