Authors of ‘Why Nations Fail’ win Nobel for economics
Authors of Why Nations Fail, Daron Acemoglu and James Robinson, along with the former IMF chief economist, Simon Johnson, were awarded the Nobel Prize in economics yesterday for their research on why some countries are rich and others are poor.
Helene and Milton devastate livelihoods; economic damage stacks up
Hurricanes Helene and Milton have wreaked havoc in Asheville, North Carolina, intensifying the region’s economic challenges. The back-to-back storms have resulted in significant property damage and loss of business revenue during a crucial tourism season.