Unsustainable pension spending in Brazil threatens to devastate Brazil’s economy. To save the nation from going bust, President Michel Temer proposes a controversial reform package.
As part of its third bail-out package in summer 2015, the Greek government agreed to reduce its large – and growing – burden of state pensions. The proposed reforms, however,
Deep-seated cultural practices continuously shape economic activity, not only in Japan, but across the globe. Economic analysis is often made through a generic lens applied across countries, leaving out such
“They (outsiders) think Detroit is a dump. No respect. It’s a dump now. Detroit can’t even handle its own business? That’s sad.” — Detroit resident Everett Cottrell, 52. 1. The largest