Thursday, August 3, 2023

El-Erian Pile Criticism on Fitch Downgrade Decision

 Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their  peers in criticizing Fitch Ratings’ decision to downgrade the US rating one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade.

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UN chief Antonio Guterres backs demand for expansion of Security Council

India desires to be a permanent member of the UNSC and so do many of its patrons and well-wishers. However, I think India should be denied s...