Today Bloomberg News reports that Russia's national monopoly, Gazprom, has shut down all natural gas shipments to the Ukraine as part of an escalating price war that has created an energy crisis in Europe.
CGD Policy Blogs
Last night, ABC's "What Would You Do?" featured an intriguing hidden camera experiment on attitudes towards migrant workers. The set up was simple: in a New Jersey deli, actors portrayed a cashier hurling insults and refusing to serve a pair of Latino day laborers because they did not speak English and carried "illegal alien money." The point was to capture the responses of unknowing customers who were asked for help.
We are at the start of what promises to be an unusually difficult year in the global economy. Policy decisions in the United States and other rich world countries will matter immensely for poor and vulnerable people living in developing countries.