Inflation outpaced wage growth for the first half of 2022, but President Biden claimed the trend reversed in the past few months. That’s true. President Joe Biden gave a short speech Tuesday to address the issue of inflation in the economy. Year-over-year inflation peaked in June, at 9.0%, according to the Bureau of Labor Statistics. … Read more
India and Pakistan inherited the same economic legacy of underinvestment and neglect from Britain when they became independent states following the Partition on Aug. 15, 1947. Their colonial economies were among the poorest in the world. For both nations, independence almost immediately led to strong growth and fueled significant gains in education, health care and … Read more
Apparently referring to his humble past when he used to drive an autorickshaw to earn living, Maharashtra Chief Minister Eknath Shinde on Tuesday took a dig at Shiv Sena president Uddhav Thackeray, saying an autorickshaw has outpaced Mercedes car. “Autorickshaw outpaced Mercedes (car)… because this is a government of the common man,” Shinde tweeted in … Read more
India and Pakistan inherited the same economic legacy of underinvestment and neglect from Britain when they became independent states following the Partition on Aug. 15, 1947. Their colonial economies were among the poorest in the world. For both nations, independence almost immediately led to strong growth and fueled significant gains in education, health care and … Read more
India, Bangladesh and Pakistan are part of the large sub-continent that was partitioned in 1947 owing to British divide and rule policy and personal ego and ambition combined with mishandling of the situation politically. History is full of books and scholarly works on partition of India and creation of Pakistan (that had Bangladesh for the … Read more