How serious a problem is terrorism? Krueger’s table of relative risks shows that the answer is “not very.” An American’s lifetime risk of being killed by a terrorist, calculates Krueger, is 1:69,000. Compare that to the 1:88 chance of being killed in a motor vehicle accident and the even more serious 1:7 risk of dying from cancer and 1:4 risk of dying from heart disease.

After witnessing three currency crises in a decade, India is watching the rupee’s zigzag show, wondering if it is headed for a fourth. India last witnessed currency crises in 2013, 2011, 2008 and 1997. 

Kevin Warsh, former Federal Reserve governor: "Too many Americans lost trust in our system of governance, lost belief in the market economy, and lost confidence in the American Dream; that faith must be revived, restored, and reaffirmed before the next economic downturn."

It’s going to be ten years since Lehman Brothers collapse hit the US on September 15, 2008, triggering a financial crisis all across the world. Even though India’s GDP growth posted record numbers in April-June quarter, the macros are exerting pressure. The rupee is in a free-fall, and crude oil prices are surging