Stress Tests: Here to Stay?

Now that the bank stress tests are completed, is it time to plan another round? The government’s bank exams, the results of which were released last Thursday, seem to have calmed the market and paved the way for the nation’s largest financial firms to raise tens of billion of dollars. As a result, a number of academics and policy watchers are warming to the idea of making the stress tests permanent.

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North Korea’s frontier a bamboo curtain

North Korea, formally called the Democratic People’s Republic of Korea, is also known as the Hermit Kingdom for a good reason. For decades, it has been shrouded by a veil of secrecy that has prevented us from better understanding this important nation. As journalists we seek out the realities of life there, beyond the myths and hype, but that is difficult because the DPRK is generally inaccessible to journalists

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