Ninety-seven candidates have filed to run for the presidency, but when the election commission prunes the list by mid-December, rejecting nuisance candidates and those not capable of running a national campaign, there will probably be seven left. Bailiwick: Sarangani | Age: 42 Party and positions: Running under PROMDI (Progressive Movement for the Devolution of Initiatives). Thanks to his stellar boxing.
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Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace
by Matthew C. Klein and Michael Pettis
Yale University Press, 2020, 288 pp.
A few years before the global financial crisis of 2008, future Federal Reserve Chairman Ben Bernanke popularized the notion that the world was divided into trade surplus countries like China and trade deficit countries like the United States. Echoing John Maynard Keynesâs trade destabilization theory, Bernanke argued that this imbalance was a significant cause of global instability. But whereas Keynes saw instability as a normal product of global trade, the effects of which would be mitigated by international financial agreements putting limits on surpluses and deficits, Bernanke laid the blame squarely at the doorstep of the East Asian and German economies.