The Latest Breaking News from Joseph E Stiglitz

As food prices soar a near record 11.3 percent today, there's a new outcrop of inflation looming, Jonathan Milne reports. NZ and the world now face a hard landing in which millions may lose their livelihoods.

In 2007, on the 50th anniversary of Malaysia's independence, Nobel laureate economist Joseph E Stiglitz celebrated the "miracle" of the country's economic rise and creation of a vibrant multiethnic society. In the 15 years that followed, however, revelations of large-scale corruption and abuse of foreign workers damaged Malaysia's international reputation…

Federal Reserve Board Chair Jerome H. Powell snatched the cookie jar out of the stock market's hands on Dec. 14, when he followed up an announcement of a dovish half-point interest rate increase with a warning that the Fed didn't think it had wrung enough inflation out of the economy…