Not long ago on a farm south of Fresno, I watched a poorly paid mechanic in silence repair a gate’s hydraulic ram as easily and rapidly as if he were Googling on a smartphone. He seemed to me a genius in oily clothes engulfed in a cloud of cigarette smoke.
A knowledgeable friend in Milan recently asked me the following question: “If an outside investor, say, from the United States, wanted to invest a substantial sum in the Italian economy, what would you advise?” I replied that, although there are many opportunities to invest in companies and sectors, the overall investment environment is complicated. I would recommend investing alongside a knowledgeable domestic partner, who can navigate the system, and spot partly hidden risks.
As you read this, a ragged alliance of rival forces fights to wrest Mosul’s western half from the grip of the Islamic State. The besiegers represent different ethnic and religious factions jockeying for power in the ruins. The defenders are religious fanatics of an apocalyptic faith. Hundreds of thousands of civilians are captive in their midst.
One of the most striking and troubling patterns in the US economy in recent decades is the "declining labor share: that is, the pattern that the share of the value of output (in the nonfarm business sector) that goes to workers in the form of compensation, which includes benefits as well as wage and salary compensation, has been dropping.
By drawing on the literature about security regimes, this article posits the idea that a particular type of regime, which can be termed a “tacit security regime” (TSR), has begun to emerge between Israel, on the one hand, and several Gulf Arab states, on the other.
At the start of the decade, a survey of elected school board members found a whopping 87 percent spent $5,000 or less on their most recent campaign. Even in larger districts, those with at least 15,000 students, only 10 percent spent $25,000 or more, the National School Boards Association reported.
[Subscription required] Longtime supporters of organic foods are girding for a battle with forces from both outside and inside their ranks who see the next farm bill as a chance to make major changes to the Agriculture Department’s National Organic Program.