The Federal Reserve will likely raise interest rates much higher than markets currently anticipate, former New York Fed President William Dudley writes in a Bloomberg op-ed published Monday. “Not only will the Fed have to raise rates, but rates are likely to go much higher than investors anticipate,” Dudley, now a senior research scholar at Princeton University’s Center for Economic Policy Studies, predicts. Many Fed officials, most prominently Fed chair Jerome Powell, insist that the central bank will keep rates low for a long-time. Markets appear to have confidence in this position, in part because Fed officials have said they will tolerate…

Our so-called staffing crisis hearkens back to the colonial era. THE CURRENT BLIZZARD of stories about a “worker shortage” across the U.S. may seem as though it’s about this peculiar moment, as the pandemic fades. Restaurants in Washington, D.C., contend that they’re suffering from a staffing “crisis.” The hospitality industry in Massachusetts says it’s experiencing the same disaster. The governor of Montana plans to cancel coronavirus-related additional unemployment benefits funded by the federal government, and the cries of business owners are being heard in the White House. In reality, though, this should be understood as the latest iteration of a question that’s plagued the owning class for centuries: How can…

For nearly as many years as he’s occupied the public eye, famed linguist and anarchist philosopher Noam Chomsky has made claims that might have discredited other academics. Perhaps his many books, articles, lectures, interviews, etc. carry such weight because of his “famed linguist” status and his longtime tenure at MIT. But there’s more to his longevity as a respected critic of U.S. state power. His voice also carries significant authority because he substantiates his arguments with erudite, granular analyses of economic theory, history, and political philosophy. We’ve seen him do exactly this in his fierce opposition to the Vietnam War at the beginning of his activist…

In 2003, following the toppling of the regime of Saddam Hussein, Iraqis had high hopes for fundamental change in their lives after three and half decades of tyranny. In the years since, however, many of these expectations have gone unfulfilled. Iraq’s post-2003 political system has been characterized by instability driven by a variety of factors, including but not limited to ethnic and sectarian tensions, interventions by neighboring countries, and security challenges created by terrorist groups, militias and gangs, and the remnants of the previous regime. In addition, the political landscape during almost every Iraqi administration since 2003 has been dominated…

Nidock revit avec ses deux plus proches collaborateurs son emploi du temps et arrêtèrent un programme de travail pour le déplacement à Haïfa. Il consacra une heure et demi à l’écoute des citoyens de la banlieue nord-ouest de la ville. Nidock dut batailler ferme pour amener la paix entre des orthodoxes pratiquants et des juifs laïcs qui se disputaient âprement sur l’obligation de retransmettre par haut parleur les offices de…