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Economy – Articles, Analysis, Opinion

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A bitter inversion: AbbVie nixed its US$54 billion acquisition of Irish drug maker Shire after the US Treasury eroded the benefits of doing a corporate inversion. Reuters

Need to access cash is driving surge of corporate inversions, not the high US tax rate

Corporate inversions have been front page news in the US for months with everyone from President Barack Obama to the man on the street expressing a view as their usage has surged. Unfortunately, many of…
Cubans are migrating to the US in greater numbers. Reuters

Explainer: why are more Cubans migrating to the US?

Compared to the number of Mexican immigrants entering the US through its southwestern border, migration of Cubans may seem insignificant. Yet the numbers of Cubans coming to the US has soared since Raul…
Marijuana is legal in some states, but that doesn’t mean that banks can deal with the proceeds. Rick Wilking/Reuters

Why won’t banks dance with Mary Jane?

In nearly half of US states, marijuana business is booming. Although marijuana is illegal under federal law, 23 states have legalized some marijuana use. Colorado and Washington even allow recreational…
The Winter Games in Sochi cost $50 billion, making them the most expensive ever. Reuters

Chasing glory: why hosting the Olympics rarely pays off

The competition to host the Olympic Games has typically been fierce, but an increased awareness of the giant money pit they usually become is convincing some cities to think twice. Earlier this month Oslo…
The dollar’s sharp rise in recent months stands to benefit consumers but exporters will suffer. Shutterstock

King dollar is back – for now

Recent months have seen a sharp jump in the value of the greenback, with more gains expected in the months ahead. After a period of prolonged weakness, the US currency once again is walking tall. Americans…
Angela Merkel has thus far closed her eyes to the need for more spending, at her country’s peril. Reuters

Germany may be the biggest loser if it doesn’t start spending

There’s growing pressure on Germany to spend more to support Europe – and for good reason. But it’s proving to be a hard sell to the country’s leaders. Germany’s budget is balanced and the government insists…