Although some foreign economies are trying to de-dollarize, US domestic instability is the real threat, two think tank experts wrote in the FT.
The Rev. James Lawson Jr., an apostle of nonviolent protest who schooled activists to withstand brutal reactions from white authorities as the Civil Rights Movement gained traction, has died, his family said Monday. He was 95. His family said Lawson died on Sunday after a short illness in Los Angeles, where he spent decades working as a pastor, labor movement organiser and university professor.Lawson was a close adviser to the Rev. Martin Luther King Jr., who called him “the leading theorist and
The Bank of Japan sets policy on Friday, and while investors expect a reduction in the central bank's monthly government bond purchases as early as this meeting, gaping yield differentials with the U.S. have kept the yen on the defensive. The currency's plunge to a 34-year low of 160.245 per dollar at the end of April saw several rounds of official Japanese intervention worth a total of 9.79 trillion yen.