Do Randomized Control Trials Support Real-World Policy Reforms?

Megan T. Stevenson is an active researcher in the criminal-justice-and-economics literature. She has also noted a disconcerting fact: When you look at the published studies that use randomized control trial methods to evaluate ways of reducing crime, most of the studies don’t show a meaningful effect, and of those that do show a meaningful effect, … Read more

China’s financial institutions urged to support property developers

An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China’s financial institutions should provide strong support to the country’s beleaguered real estate sector and not “blindly withdraw” financing for projects facing difficulties, according to a senior Chinese financial regulatory official. His strongly worded comments follow the … Read more

Hong Kong stocks climb after call for ‘forceful’ state support to halt market rout

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning Good morning. Shares in Hong … Read more

Americans Generally Support Unions — And Averting A Rail Strike

PHOTO ILLUSTRATION BY FIVETHIRTYEIGHT / GETTY IMAGES When President Biden signed a bill to prevent a rail-worker strike this past Friday, it was only the latest in a series of union actions that have gotten national attention in the past few years. Starbucks and Amazon workers are trying to unionize around the country. Nationwide, 78,000 … Read more

Iran President Raisi Asks President Putin To Support Gaza Action – Putin Is Evasive for the Moment

Yves here. What seems interesting is the signal Iran President Raisi is sending about his interest in increasing pressure on Israel in the Gaza conflict. Note that if your read the Helmer piece carefully, the Iranian readout seems to be about diplomatic pressure but also notes the failure of efforts to date to accomplish much. … Read more