Eyck Freymann: How to Break China’s Minerals Chokehold
Why the allies need a multilateral commercial stockpile This essay is based on a Hoover History Lab working paper, co-authored with Joshua Stinson, William Norris,…
Thought Leader: Eyck Freymann
Greece and Puerto Rico in 5 Stats
By Ian Bremmer (original source LinkedIn Pulse)
“Puerto Rico and Greece are very different economies with a common problem: They exist within larger monetary systems that reduce the options available to manage their respective crises. Here are 5 stats that explain the similar paths these economies have followed, and why they will ultimately diverge.
Where it All Went Wrong
Use of the dollar gives Puerto Rico certain advantages. The bonds that Puerto Rico sells are exempt from local, state and federal taxes, making them particularly appealing to investors. Even when Puerto Rico’s economy started sliding in 2006, this exemption allowed it to continue borrowing cheaply. Unfortunately, the $72 billion it now owes, the equivalent of 70 percent of its GDP, exceeds the debt of every US state except California and New York.”
Click here to read more
Relevant and recent posts
Chris Miller: Robotics Manufacturing: The Rise of Japan
“To the Americans, a robot is a computer attached to a mechanism. To Japanese, a robot is a mechanism attached to a computer.” The future…
Thought Leader: Chris Miller
Dr. Sanjay Gupta: A New Understanding of Parkinson’s Disease
Parkinson’s disease, a progressive movement disorder whose hallmark is damage to the dopamine-producing neurons in the brain, afflicts almost 12 million people worldwide. And the…
Thought Leader: Sanjay Gupta
More with this speaker
Ian Bremmer: “We’re not much closer to a ceasefire”
Thought Leader: Ian Bremmer
Ian Bremmer On Multi-Polar Geopolitics, Ukraine, NATO, Europe, Israel & More
Thought Leader: Ian Bremmer
Ian Bremmer: Is the US falling behind China?
Thought Leader: Ian Bremmer