The ECB Creates Jobs for Central Bankers Instead of Safeguarding Financial Stability

The ECB’s zero and negative interest rate policy continues despite the economic upswing. An interest rate hike is not expected before autumn 2019. The extensive purchases of government and corporate bonds will have reached €2,600 billion by the end of the year. The ECB’s financial market supervision as part of the Single Supervisory Mechanism (SSM), which was created in 2014 in response to the crisis, is proliferating. Most recently, ECB vice president Luis de Guindos has expressed the intention to monitor the investment fund sector.

Italy: A Brewing Storm Within the EU

Over the last couple of years, the main challenge to EU cohesion has been Brexit, with the media sharply focused on the negotiations and all relevant developments. Since the release of the draft withdrawal agreement, largely perceived as a victory for the EU, those who support the European project and believe in a strong leadership from Brussels have projected confidence and optimism for the future.

Trump’s Sanctions Meet His Trade War

President Trump’s sanctions against Iran have intersected with his trade war against China. The intersection comes in the form of the arrest of Meng Wanzhou, an executive with Huawei Technologies, one of the most prominent companies in China. Meng was arrested by Canadian officials on the request of U.S. officials as she was changing planes in Vancouver.

U.S. officials are now seeking Meng’s extradition to face criminal charges in the United States. The charges? Get this: They are alleging that she violated Trump’s sanctions against Iran.

Sweatshops Today, Decent Work Tomorrow

Imagine doing the same task over 12 hours a day with few breaks in sweltering equatorial heat for a measly six cents an hour in a stuffy factory, absent an ounce of natural light. The manager of the floor censures your fellow workers for falling short of unrealistic standards in absurdly crowded conditions that are dangerous, at best. For millions across the Global South, this isn’t an exercise in imagination, but the reality of working in a “sweatshop”. However, for these same millions, it’s also a lifeline out of destitution.

Nikhil Sridhar is a graduate of Duke University and a current student at George Mason University, where he is pursuing h

The Atomic Bombing of Japan, Reconsidered

In the summer of 1945, President Harry Truman found himself searching for a decisive blow against the Empire of Japan. Despite the many Allied victories during 1944 and 1945, Truman believed Emperor Hirohito would urge his generals to fight on. America suffered 76,000 casualties at the battles of Iwo Jima and Okinawa, and the Truman administration anticipated that a prolonged invasion of mainland Japan would bring even more devastating numbers. Even so, plans were drawn up to invade Japan under the name Operation Downfall.