Falling FX reserves herald Asia financial crisis 2.0

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Asian currency banknotes interspersed with US dollars. Photo: iStock/Getty Images.

TOKYO – Few narratives spook Asia more than word of trouble in Thailand – a lot more so when foreign-exchange reserves are involved. It was Bangkok’s devaluation in July 1997 that put in place the Asian financial crisis. As foreign-exchange supplies ran out, the government and Bank of Asia had no choice but to discard the […]

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No solution too novel in a global climate emergency

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Did the Earth’s climate just cross the Rubicon? It certainly feels that way given all the intense weather events occurring. Europe  recorded  the hottest summer on record. California continues to be in an unprecedented climate  emergency  that may result in rolling electricity blackouts. We don’t even know what challenges will be held at in the Southern Hemisphere when summer makes its presence felt.   […]

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