Open: Immigration is good for the economy. Unless the allocation of resources is already optimal everywhere, a redistribution of resources (human in this context) can increase the wealth and welfare of the collective. Workers moving from a poor country to a rich one become more productive as they are combined with more and better capital,

Hard data is scarce and noisy but according to estimates by the World Bank and OECD, the financial sector accounts for 20-30% of GDP in developed countries. The IMF estimates that total global nominal GDP is some 77.6 trillion dollars of which financial services account for 13.1 trillion dollars or 16%. What services does the

On 12 Jun 2018, US President Donald Trump met with North Korean Supreme Leader Kim Jong-un in Singapore in what was hailed as a historic meeting. The document the two leaders signed state the following: The United States and the DPRK commit to establish new US-DPRK relations in accordance with the desire of the peoples

Average hourly earnings are growing at 2.7% YOY, well below the 3.6% growth rates seen pre crisis 2008. The unemployment rate has fallen steadily from 10% during the crisis to 3.8%. The JOLTS Quits Rate (which measures voluntary quits, presumably in search of better prospects) has risen steadily since 2009 to 2.3%, near its post

On 9 May 2018, the Malaysian general election saw an unexpected win for the opposition Pakatan Harapan coalition against the Barisan Nasional juggernaut despite extensive gerrymandering. Malaysians ended UMNO’s 61 years of rule, albeit with the efforts of UMNO alumni, ex PM Mahathir Mohammed, ex Deputy PM (and ex political convict) Anwar Ibrahim, and a few UMNO defectors