Who Pays for Quantitative Easing?

The Guardian's Kevin Gallagher says that by depressing U.S. interest rates, quantitative easing forces developing countries to defend their currencies at crippling cost.

"The outcome of the US midterm elections has tied the hands of the government to engage in expansionary fiscal policy. The Fed alone has the power to act. The problem is, the U.S. is still in a liquidity trap, so it is not clear whether QE2 [Quantitative Easing Two] will have much of an effect. ... In today's world of financial globalisation, the implications of QE2 go far beyond the U.S. Lowering rates in the U.S. will accentuate the 'carry trade' where investors borrow cheaply in the US and park their money in developing countries where interest rates are relatively higher: private speculators reap profits on the interest rate spread and the appreciation of developing country currencies."

Why a great education means engaging with controversy

Jonathan Zimmerman explains why teachers should invite, not censor, tough classroom debates.

Sponsored by the Institute for Humane Studies
  • During times of war or national crisis in the U.S., school boards and officials are much more wary about allowing teachers and kids to say what they think.
  • If our teachers avoid controversial questions in the classroom, kids won't get the experience they need to know how to engage with difficult questions and with criticism.
  • Jonathan Zimmerman argues that controversial issues should be taught in schools as they naturally arise. Otherwise kids will learn from TV news what politics looks like – which is more often a rant than a healthy debate.
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Are these 100 people killing the planet?

Controversial map names CEOs of 100 companies producing 71 percent of the world's greenhouse gas emissions.

Image: Jordan Engel, reused via Decolonial Media License 0.1
Strange Maps
  • Just 100 companies produce 71 percent of the world's greenhouse gases.
  • This map lists their names and locations, and their CEOs.
  • The climate crisis may be too complex for these 100 people to solve, but naming and shaming them is a good start.
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SpaceX catches Falcon Heavy nosecone with net-outfitted boat

It marks another milestone in SpaceX's long-standing effort to make spaceflight cheaper.

Technology & Innovation
  • SpaceX launched Falcon Heavy into space early Tuesday morning.
  • A part of its nosecone – known as a fairing – descended back to Earth using special parachutes.
  • A net-outfitted boat in the Atlantic Ocean successfully caught the reusable fairing, likely saving the company millions of dollars.
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