Tausi Insider

An Indian schoolgirl wears a mask of Chinese President Xi Jinping to welcome him on the eve of his visit in Chennai, India, Oct. 10, 2019. R. Parthibhan/The Associated Press Simon Commander is managing partner of Altura Partners and visiting professor of economics at IE Business School. Saul Estrin is professor of managerial economics at the London School of Economics. They are the authors of The Connections World: The Future of Asian Capitalism (Cambridge University Press, 2022). Close ties linking Asia’s business dynasties to politicians and political power will derail the continent’s economic success if left in place. This sobering fact runs counter to the common refrain that the 21st century belongs to the Asia, not least its growth beacon, China. From barely 9 per cent of world GDP in 1970 to more than 40 per cent now, Asia has surely been the rising economic force. And as Asian incomes per capita are still low compared with Canada and other advanced economies, the scope for fut...

Photo : fizkes ( Shutterstock ) When it comes to tricking yourself into saving more money, think like a squirrel. Just like squirrels bury nuts to prepare for winter, we can squirrel money in order to prepare for economic dry spells. And while we’re taking money lessons from squirrels, they crucially don’t store all their bounty in one place. How squirreling away money helps you save more The concept of being a financial squirrel comes down to minimizing the risk of keeping all your savings in one place, and maximizing the rewards of building several different accounts. Especially if you aren’t interested in investing your money in long-term vehicles, it’s useful to trick yourself by shrinking the amount of savings you can see at one time. Personally, I like to think of it like “hiding” my own savings from myself—it makes me far less likely to dip into it. An easy way to do this is to create an extra savings account is for the sole purpose of forgetting it exists (until you abso...

Photo : Pavel L Photo and Video ( Shutterstock ) They say that e verything that goes up, must come down—but inflation has made that hard to believe last year . While not all the prices that went up in 2022 are expected to come down this year, some wi ll. In 2022, inflation peaked in June at 9.1% , and has gradually been coming down since. Along with inflation, the Consumer Price Index (CPI), which measures the change in prices paid by consumers for goods over time, is still higher than it was in Nov. 2021 compared to Nov. 2022, but it has been increasing at a slower rate . What this all means, according to experts, is certain products will see price drops in 2023. Here are some of the big ones you should be aware of. Home prices will drop in 2023 According to the S&P/Case-Shiller index , which measures the value of single-family housing within the United States, home values peaked in June 2022 and has been declining for the following four months ( the latest data available...

The Bank of Canada has appointed HEC Montréal economics professor Nicolas Vincent to its governing council, where he will serve a two-year term as the central bank’s first non-executive deputy governor. The governing council is responsible for setting Canadian interest rates and overseeing the bank’s financial system stability efforts. Mr. Vincent’s appointment brings the six-person group back to full strength, following the retirement of long-serving deputy governor Tim Lane in September. Mr. Vincent will start on March 13. The non-executive role was created last year. Unlike the Governor, senior deputy governor and three other deputy governors, the position is part-time and has a shorter two-year term, with the possibility of a one-year extension. When the central bank announced the change last year, it said that it was looking to bring “fresh and diverse perspectives” to the governing council, and that it would consider candidates from “a broad range of disciplines and backgrounds...