23rd July 2012
While there might be cyclical reasons for the economic slowdown in emerging markets, Greg Ip argues the policy and structural frameworks within those countries may impede potential growth in the future. The Economist
Put simply, the Fed faces a dilemma: The US labour market remains depressed and is unlikely to pick up steam anytime soon; meanwhile it is not clear that there is an obvious deflationary scare for the fed to engineer another round of quantitative easing. So what exactly can the Fed do? Gavyn Davies explains the Fed's options. FT
Three Brits ask the IMF three questions: When is the economy going to get better? What are the prospects for UK youngsters in an increasingly global economy? And what are the funds views on how those responsible for the UK and European economies can work more effectively together? (All easy questions, right?) IMF
With the US in the midst of its worst drought in decades, John Hendren reports that the parched soil in the Midwest could have global repercussions. "Corn is a mega-crop and a bad year drives up the price of everything from beef to cereal to auto fuel." Al Jazeera
Even though nobody could get Al Capone for murder, prosecutors did finally nail him for tax evasion. So is Libor going to be the scandal that will finally see the villains of the financial-crisis jailed? Or will Libor jailbirds be little more than a hollow symbol? Reuters
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