Category: Business

Why credit rating agencies are still getting away with bad behaviour

International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises from the financial markets collapse of New York City in the mid-1970s, the Asian financial crisis of 1997 – 1998, the Enron scandalof 2001, to the global financial crisis of 2008. All of these cost investors globally billions.

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The conspicuous absence of women in India’s labour force

India’s rapid economic growth has been accompanied by falling fertility rates and higher educational attainment among women. These advances often lead to an increase in women entering the labour force, but there has been a surprising decline on this front in India. Less than 30% of working-age women are currently in work compared to nearly 80% of men in India.

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Why Federal Reserve independence matters

Should you care if the Federal Reserve loses its independence?
It’s become a growing risk in recent years as President Donald Trump has repeatedly attacked the U.S. central bank over interest rate policy and tried to appoint his political alliesto its board. Most recently, he reportedly has explored removing Fed Chair Jerome Powell, whom Trump named to the post only last year.

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