Why Myanmar’s army is wrong to rejects limits on its power
The generals’ dismissal of constitutional changes will prove short-sighted and self-defeatingMar 10th 2020WITH GREAT power comes no responsibility whatsoever—at least, for Myanmar’s army. Although the country is in theory run by a civilian government, the army, or Tatmadaw, retains control of its own affairs. Its top general appoints his own boss, the minister of defence.…
How market panic can feed back to the world economy
In short: via tighter credit for companies already at riskMar 9th 2020FINANCIAL MARKETS have not endured a day as brutal as March 9th since the global financial crisis of 2007-09. Stockmarkets were a sea of red ink. The S&P 500 index fell by 7.6%. The FTSE 100—laden with oil firms, such as Shell and BP,…