Articles

On Global Markets

Green Cards

Towards the end of last month, the US Citizenship and Immigration Services issued a policy memo which, in their words, ‘reiterated’ ‘ long-standing immigration law and immigration court decisions’ about the application process for a Green Card. As the USCIS spokesperson explained at the time: We’re returning to the original intent of the law to […] 
On Global Markets

SpaceX Takes Off

Over the last couple of weeks, your columnist’s inbox has been filling up each morning with emails about the imminent listing of SpaceX. About two-thirds of those emails have been newsletters from various financial media outlets – Bloomberg, the FT, the WSJ, etc – worrying about changes to the listing and index inclusion rules and […] 
On Global Markets

Is Europe in Decline?

By many conventional measures, the economy of the United States has been outperforming that of Europe for well over a decade. A simple look at the IMF’s data on GDP growth shows that the US growth has outpaced that of the European Union (EU) in 11 of the last 16 years. Cumulatively, the US economy […] 
On Global Markets

The Limits of Markets?

Draft legislation, currently before Congress, proposes to award people prepared to give up a kidney – for a stranger – a $50,000 tax credit. As one recent summary explains: About 10,000 people die each year in the United States because they did not receive a kidney transplant in time… The issue isn’t a shortage of […] 
On Global Markets

Buy European?

The polls carried out by the Clark Center’s various Expert Panels are always interesting, but they are rarely that surprising. Last week’s poll of the European Experts Panel was an exception. As Patrick Honohan of Trinity College Dublin put it, “I never thought it would come to this. But it has”. The panel was asked […]