Evolution matters
Depressing for the youngest, uplifting for the dinosaurs like me. There is hope. Grazie Stefano
Category Archives: English
The Odd Couple is Back!
I always thought that, after a brief period of mutual admiration some centuries ago, the French and the Americans could not get along so well (with the brief interlude of WWII, against the Nazi). I even seem to remember of a boycott … Continue reading
Italy is at Center Stage Again.Welcome Back!
I can’t have war in Europe to have peace in Italy. I can’t have war in Italy to have peace in Europe. Mario Monti, quoted in today’s Corriere della Sera Italy’s spread over Germany has declined from 531 to 421 … Continue reading
We Need Skilled Workers, not Cheap Labor
So here is Italy’s labor conditions for the past decade at a glance for you. A check-up for a sick patient. What do you notice? First, that we are stuck in a trap of some sort from which we have not … Continue reading
This time is not different: how banks transfer risks to taxpayers
This time it is not different. Carmen Reinhart and Kenneth Rogoff try again, in their latest fatigue “From financial crisis to debt crisis” published in the American Economic Review, to disentangle causal patterns between debt, banking and currency crises. “The … Continue reading
How to Implement the New Western Social Contract after the Crisis?
Of all the various interesting things that Alan Krueger chairman of the US President’s Council of Economic Advisers touches upon in his speech on rising inequality, one attracted most my attention. It relates to the evolution over the past century … Continue reading
Spanish analogy number 2. Analogia spagnola numero 2.
Madrid, Day 1. Visit at the Prado. Madrid, giorno 1, visita al Prado. “Representación de los fusilamientos de patriotas de Madrid por el ejército de Napoleón, como represalia al levantamiento del 2 de mayo de 1808 contra la ocupación francesa. … Continue reading
Spanish analogy number 1. Analogia spagnola numero 1.
Madrid, Day 1. Visit at the Prado. Madrid, giorno 1, visita al Prado. From the Prado website: “El retrato muestra la capacidad de Velázquez de captar el cansancio y la melancolía de Felipe IV durante los últimos años del reinado.” … Continue reading
R&R: Ratings and Resiliency
Resiliency. The ability to spring back from and successfully adapt to adversity. Ok. We had this feeling, here in Italy, that things were working out better after Monti met with Merkel. There was hope. Our PM clearly pushed the German … Continue reading