Thursday , November 26 2020
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Tag Archives: Discussion

America’s Miracle Election and The Impossible Coup D’état

Hiroaki Abe presents aa fascinating analysis of Trump’s attempts at upending the election results: The American General Election 2020 was, when seen in broader context, a miracle, given the multitude of critical moments where things could have gone wrong for Joe Biden’s campaign. But Donald Trump and the Republican leadership are declining to accept the election result, and an alternate reality has been born that Trump won the election but had it stolen from him. Some sort of...

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Rising Demand for public development banks

Two articles in Proj Syndicate. Werner Hoyer (President of European Dev Bank) makes claims for a public development bank in EU. An EU development bank would have an immediate, significant, and resource-efficient impact. By putting the bloc’s national development ministers in the driver’s seat, while ensuring that finance ministries have overall oversight, the new institution would bring a coordinated, transparent, and European approach to development financing that so far has been sorely...

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Rising sea levels increase the risk to housing: Sweden edition

Mattias Danielsson of the Riksbank in this research paper: Climate change is one of the greatest challenges of our time in that it creates climate-related risks of various kinds. Rising sea levels form one such risk. Over the next century, higher average temperatures due to climate change will lead to higher sea levels and new coastlines higher up on what is now dry land. Sweden has a long coastline, reflected by the fact that about 8 per cent of Sweden’s owner-occupied and tenant-owned...

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A History Of Contested Presidential Elections: From Samuel Tilden To Al Gore

What an election. Prof Robert Peel of Penn State in this Madras Courier piece says this is not the first: President Donald Trump has done what his critics feared – refused to accept the integrity and validity of America’s election process. Speaking to his supporters inside the White House’s East Room, Trump falsely claimed, without any basis, that the ongoing electoral situation was a “major fraud on our nation” and said he would ask the Supreme Court to intervene in the voting process....

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200 years of banking in Slovenia marked

Interesting bit of banking history: With the first banking institution in the territory of present-day Slovenia established exactly 200 years ago, the Bank Association of Slovenia sees the anniversary as an opportunity to raise awareness about the banking sector, which it believes represents a major segment of Slovenia’s economic history. The name of the first banking institution was Kranjska Hranilnica established in 1820 and closed post-WWII....

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Love and Liberty: A Short History of Adam Smith in Love

A new research paper by F. E. Guerra-Pujol (HT: MR Blog) The author devotes his full scholarly attention to the mystery of Adam Smith’s love life by carefully re-assembling all the admissible amorous evidence, by subjecting such facts to critical lawyerly scrutiny, and by drawing reasonable inferences from these sundry proofs. Part 1 of this paper will set the stage by revisiting several intriguing hypotheses concerning Doctor Smith’s sexuality and romantic attachments. Next, Part 2...

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Bank of Hindostan was established in Calcutta in 1770: Marks 250 years of advent of British private banking in India

In 1770, Alexander and Company established Bank of Hindostan in Calcutta which marks the advent of British Banking in India. Amiya Bagchi pointed that British tried to open banks earlier as well but there are hardly any records. Whereas we have information about BoH. Thus year 2020 marks as 250th anniversary of Bank of Hindostan. India had banking/lending institutions much before BoH but the organisation called bank began to take shape from 1770 onwards. BoH bank was not started on joint...

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Conversation with Prof Pratap Bhanu Mehta

Next edition of Conversation Series at Ahmedabad University moves to Global Political Affairs. The speaker will be none other than Prof Pratap Bhanu Mehta. Interested folks can register here: To say that the world today is in turmoil is a gross understatement. The old order has broken down. There is no clear leader in this turbulent world. We went from two superpowers to one superpower to the current state of flux, where there is no undisputed superpower. The world, and India, is seeing...

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How Snakes and Ladders an Indian Board Game became a global phenomenon

Nice piece by Samuel Clark in Madras Courier. Didnt know the origins of the game are that old. The game was developed by Sant Dnayeshwar in 13th century.. This entry was posted on October 26, 2020 at 10:22 am and is filed under Discussion. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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IMF is short for It’s Mostly Fiscal..

Interesting piece by Christian Kopf (Head Fixed income at Union Investment): When the International Monetary Fund was created in 1944, its main purpose was to manage imbalances in trade flows between member states. Its role has changed considerably since the liberalisation of capital flows and the subsequent collapse of the fixed exchange rate system. Over the past 50 years, the IMF has dedicated much of its attention to helping over-indebted countries put their finances in order. It has...

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