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According to recent studies, in most cases spending cuts have a tendency to weaken economies.
Much of modern economic and financial theory is based on the assumption that people are rational, says author.
A self-described financial 'expert' makes incendiary remarks about bankers but former Goldman traders disagree.
The drop in economic confidence was sharper in July 2011 than it was in 2008, due to fears of a US debt default.
Japan could have mitigated financial fallout with proper catastrophe insurance, such as GDP "trill" bonds.
By 2010, US farm prices fell only 5 per cent from their 2008 peak, compared with 37 per cent for home prices.
Excessive debt concentrations, rather than hot capital inflows, are causing global economic imbalances.
Kenneth Rogoff
Economists ignored human factor in run-up to financial crisis, says Samah El-Shahat.
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The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
A tight race seems likely as 814 million voters elect leaders in world's largest democracy next week.
 
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Three years since the start of the uprising, nine million people have been displaced by fighting.
An in-depth look at Egypt's ongoing political crisis.