A selection of the most viewed stories this week on the Monitor's website.
Hear about special editorial projects, new product information, and upcoming events.
A weekly update on major political events, candidates, and parties.
Stay informed about the latest scientific discoveries & breakthroughs.
A weekly digest of Monitor views and insightful commentary on major events.
Latest book reviews, author interviews, and reading trends.
The Monitor's top education and culture stories delivered weekly.
The five most recent Christian Science articles with a spiritual perspective.
The Bank of England has practically abandoned its target of moving inflation down to 2 percent, saying it won't consider raising interest rates until unemployment falls below 7 percent, Karlsson writes. The move isn't likely to change much policy, but it is an explicit reminder that inflation rates have been above 3 percent since 2005.
Last week's GDP report showed that the US' first quarter GDP was 3.5 percent higher than previously reported. Still, America is not any richer, Karlsson says.
Although experts predicted that European countries would not be able to eliminate their deficits while Germany kept up its surplus, Karlsson notes that exactly that has happened: several countries, including Spain, Portugal, and Italy, are all back to reporting budget surpluses.
Although farmers only make up a tiny percentage of the US population, the farm bill has survived politics in part because of Americans' attitudes toward food producers, Karlsson says.
Kabuki performers take part in the opening ceremony of the Rugby World Cup ahead of the Pool A game between Russia and Japan, at Tokyo Stadium in Tokyo, Japan, Sept. 20.
Most earnings reports will say results were 'better than expected,' but Karlsson is skeptical that's the truth of the matter.
Latvia's entry into the Eurozone will not affect exchange rates or monetary policies, Karlsson says.
Although The Irish Times recently published an article claiming Ireland's economy has lurched back into recession, Karlsson argues that GDP is a poor measure of how the country is really doing. Ireland is actually recovering from its economic slump, Karlsson says.
Traders sold off bonds and stocks after the Fed expressed optimism about the future of the US economy, but Karlsson says he doubts the Fed will decrease its bond purchases anytime soon.
Abenomics will likely raise prices in Japan and lower prices elsewhere, creating a deflationary effect on countries other than Japan, Karlsson argues. That may benefit Japan — but it will also hurt other economies.
Japanese bond yields have started to move up again, rising above the pre-'Abenomics' level to 0.91 percent, Karlsson writes, something that worries many Japanese officials. Private demand has collapsed as investors have increasingly started to believe that the Bank of Japan through its purchases will actually achieve its new stated inflation target of 2 percent, a slump in demand that some have called a "bond buyer's strike."
The most important factor determining whether or not monetary inflation will mainly cause consumer price inflation or asset price inflation is simply what the early receivers of newly created money choose to do with them, Karlsson writes.
Speculation that the UK could become Europe's biggest economy is wishful thinking, Karlsson writes. Germany is far more competitive than both Britain and France and will outperform both, as it has done in recent years.
Immigration to low unemployment Germany surged to 369,000 last year, with the influx from southern European nations on the rise.
Any change in stock prices isn't intrinsically good or bad for everyone, Karlsson writes. Higher stock prices tend to be good for those who hold stocks, which typically benefits the wealthiest 'one percent.'
Less noise. More insight.