In This Issue…
Re-evaluating the sources of the recent productivity slowdown
May 31, 2021
Labour productivity is a key determinant in improving living standards. But in recent years, productivity has stagnated, if not declined, in many countries around the world. This column re-evaluates the various reasons as to why this might be, applying three criteria to the existing explanations for the slowdown. It finds that the slowdown in productivity can be attributed to numerous factors, ranging from mismeasurement to changes in trade patterns.
The emerging fiscal union needs a solid foundation
May 31, 2021
The EU’s response to the COVID-19-induced economic crisis has been aggressive, but not without criticism. This column, part of the Vox debate on euro area reform, summarises some of the shortcomings of the way in which the EU’s Next Generation programme may play out, and suggests short- and longer-term considerations that need to be made in order to ensure that the programme strengthens the Union in the long run.
On this day: May 31
May 31, 2021
May 31: World No Tobacco Day; Feast of the Visitation (Catholicism and Anglicanism); Memorial Day in the United States (2021)
- 1795 – French Revolution: The Revolutionary Tribunal (depicted), a court instituted by the National Convention for the trial of political offenders, was suppressed.
- 1921 – The Tulsa race massacre, "the single worst incident of racial violence in American history", began in Tulsa, Oklahoma.
- 1961 – The Union of South Africa was dissolved by the Constitution Act and replaced by the Republic of South Africa.
- 1981– An organized ...
On this day: May 31
May 31, 2021
May 31: World No Tobacco Day; Feast of the Visitation (Catholicism and Anglicanism); Memorial Day in the United States (2021)
- 1795 – French Revolution: The Revolutionary Tribunal (depicted), a court instituted by the National Convention for the trial of political offenders, was suppressed.
- 1921 – The Tulsa race massacre, "the single worst incident of racial violence in American history", began in Tulsa, Oklahoma.
- 1961 – The Union of South Africa was dissolved by the Constitution Act and replaced by the Republic of South Africa.
- 1981– An organized ...
May 31 Wikipedia featured article
May 31, 2021
Liquid error: undefined local variable or method `previous' for PostDrop:PostDropWikipedia picture of the day for May 31
May 31, 2021
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Shōrin-zu byōbu is a pair of six-panel folding screens (byōbu) by the Japanese artist Hasegawa Tōhaku, the founder of the Hasegawa school. The ink-on-paper work dates from the late 16th century and depicts a view of Japanese pine trees in the mist, with parts of the trees visible and other parts obscured. The screens are held by the Tokyo National Museum, and were designated as a National Treasure of Japan in 1952. Painting credit: Hasegawa Tōhaku
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