In 1992, Mark Young was sentenced to life in prison for trafficking marijuana. His conviction came from the testimonies of two other convicted marijuana dealers who turned on Young in order to get their own sentences reduced. The two informants, Ernest Montgomery and Claude Atkinson, depicted Young as a marijuana kingpin — the primary broker of a major transaction. Young’s memory is different, though. Recounting his side of the story from the federal penitentiary in Leavenworth, Kansas, Young claims he barely knew Montgomery and Atkinson.

The 70th anniversary of the proclamation of the Chinese People’s Republic on October 1, 2019, left the world in awe as China celebrated one of the most transformational moments in its over 3,000 years of history.

Now that Greece’s bailout program has ended, what are the prospects for economic growth and development in Greece? These two definitions are different, as economic growth is the increase of income while economic development includes factors as increased schooling, life expectancy etc. However, economic growth is mandatory for economic development. There are many theories in the international literature about economic growth.

According to all central banks, one of the main problems they are called to solve is that countries cannot reach their inflation target of (close to but below) 2 percent. Even their religious trust in the long-discredited Phillips curve cannot explain why price inflation is low in many countries despite historically low unemployment rates. Nonetheless, central banks still enjoy immense credibility.