Economic forecasts are too rosy. That can be costly
Over-optimism at the IMF and the World Bank can have serious consequencesAug 4th 2020MOST PEOPLE, when presented with bad news, tend to play it down. Even professional economic forecasters are not immune to the temptations of hope. In February 500m people in China were locked down, and covid-19 had spread to Italy. Yet the IMF…
Narendra Modi cements a victory for Hindu nationalism at Ayodhya
IT TOOK RAM and his most loyal followers 14 years in exile—followed by travels up and down the Indian subcontinent, with demons to outwit and armies to defeat—before they could return him victorious to his kingdom of Ayodhya. That homecoming is still celebrated today, though the events depicted in the Ramayana epic are said to…