KATHMANDU, JUNE 15: After being sent back home from the Maharajgunj-based Tribhuvan University Teaching Hospital (TUTH) about a month ago, 26-year-old Ramraja Thapa has been readmitted to the hospital. Although Ramraja's family had to quarrel enough with the hospital authorities to get him admitted, the anxiety of managing money for his treatment grips them tight.
HONG KONG – There is nothing like a pandemic to expose systemic differences. For China and the United States, which were locked in an ideologically driven competition even before the COVID-19 crisis, those differences are stark. But the two countries have at least one thing in common: when this is all over, they will need to rethink their social contracts.
The coronavirus pandemic has brought everyday life to a grinding halt across the world. Even though it is early to fully comprehend the damages caused by this pandemic both on public health and economic fronts, it is feared that this crisis will be of a never-before-seen magnitude and of a cascading nature—one crisis leading to another pushing the world into economic and humanitarian chaos of biblical proportions.
BEIJING – When he welcomed US President Donald Trump to Beijing’s Forbidden City in 2017, Chinese President Xi Jinping pointed to the character “peace” in the names of all three halls of the great complex, emphasizing the Confucian maxim “Peace is prized above all.”
KATHMANDU, March 29: Despite concerns over the risk of Covid-19 wreaking havoc on the economy, the government has become slow over its responses to come up with measures to tackle the economic fallout of the pandemic.
NEW HAVEN – Predicting the next crisis—financial or economic—is a fool’s game. Yes, every crisis has its hero who correctly warned of what was about to come. And, by definition, the hero was ignored (hence the crisis). But the record of modern forecasting contains a note of caution: those who correctly predict a crisis rarely get it right again.
MOSCOW, Sept 8: Despite being on the verge of an economic crisis, Pakistan’s government has caved to pressure by hardline Islamists to cancel the appointment of a Princeton economist to the Economic Advisory Council.