The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Just as ECB President Mario Draghi announced a massive bond-buying program to revive Europe's economy and fend off deflation fears, news of shockingly low inflation popped up elsewhere in the globe: consumer prices in Mexico dropped 0.19 percent in early January, far below all 19 forecasts in a Reuters poll.
from The Great Debate:
At this moment, the fiercest, most powerful criminal organizations in the world are located in Mexico. Recent events should leave no one with any doubts.
By Rob Cox
The author is a Breakingviews columnist. The opinions expressed are his own.
Nine years ago, Breakingviews proposed an “extreme idea” to Citigroup’s then-leader Charles Prince. The $240 billion New York bank’s market capitalization was lower than the worth of its parts valued separately. By splitting into three separate units, the idea was, Prince could hand shareholders an extra $50 billion or so, the equivalent of one entire U.S. Bancorp at the time.
from Photographers' Blog:
Mexico City, Mexico
By Henry Romero
When I was a child back in Colombia I used to go to the circus every New Year’s Eve with my parents. It was always a special moment. I remember the lights, the clowns, the acrobats and the beautiful animals performing tricks that made us laugh and gaze at them in awe.
from The Great Debate:
Despite their differences on almost everything else, President Barack Obama and Texas Governor Rick Perry agree that the unlawful migration of more than 50,000 Central American children to the United States is a humanitarian crisis. Some members of Congress and U.S. military leaders label it a security crisis. Whatever it’s called, it is an emergency that requires immediate attention.
from Anatole Kaletsky:
As the World Cup kicks off in Sao Paolo this week, the home team is the runaway favorite, with a 45 percent chance of winning the tournament, according to Nate Silver on FiveThirtyEight and 48.5 percent probability according to the statistical boffins at Goldman Sachs. But apart from the bookmakers -- who stand to lose a fortune if Brazil wins, since they are offering odds of around 3 to 1, instead of the 1 to 1 suggested by Silver’s and Goldman’s calculations -- another, more surprising, group is secretly rooting against the favorite: Brazil’s own financial and business community, along with much of the country’s middle class.