The World Bank and other development partners have revealed that the total money transfers by African migrants to their region or country of origin surged by 3.4% to $35.2 billion, in 2015.
The sum which includes intra-African transfers, represents 6 percent of total transfers by migrants worldwide to their region or country of origin, Ecofin agency reports.
The total migrants transfers worldwide, though lesser compared to the previous year is estimated at $581.6 billion.
Mohamed A. El-Erian argues that the world’s masters of monetary policy have reached the peak of their ability to influence the course of the global economy.
The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse
by Mohamed A. El-Erian, Random House, 2016
One of the more peculiar features of the past decade has been the transformation of a formerly quiet, behind-the-scenes cohort of central bankers into the most visible and consequential players in shaping the arc of the global economy.
As legalization progresses, a counterculture movement becomes commercialized
April 20 is the national holiday for marijuana fans. It’s Thanksgiving, Hanukkah, Christmas and New Year’s Eve all rolled into one joint-filled day.
A tour through the nitty gritty details of getting as many people as possible connected to the Internet.
Picture the digital divide as a literal gap: a ragged canyon running through a desert. One side’s population has Internet access. They bring laptops to cafes, walk down the street with their phones out, stream Netflix, and have corners in their living room dedicated to their unwieldy desktop computers. The folks on the other side of the canyon have no access and live in an entirely different world.
Researchers have long been interested in the potential therapeutic effects of psychedelic drugs for humans, but moral panic over hallucinogens in the 1960s stymied research on the substances until recently.
The subprime financial crisis revealed that our data is only as good as our ability to analyze and understand it. AI will be necessary to helping prevent the next crisis before it happens.