War Economy

What Drives Their High Profits, How to Share Them with Savers, and What’s Driving the New Round of Banking M&A Bankers are among the most disliked – and envied – people in the world: they privatize profits and, in times of crisis, socialize losses. While bailouts can sometimes be unavoidable, they can be prevented with simple rules and strong, independent regulators. And profits, too, can be shared – not through one-off taxes, but by steadily lowering costs for customers and businesses. By contrast, heavy political involvement in banking M&A risks holding back the development of capital markets and reinforcing an economy still overly reliant on banks. Four years after Russia’s invasion of Ukraine, we also revisit the country’s economy and the situation of refugees in Europe, caught between the desire to stay and the hope of returning home.

The Impact of Organized Crime on Income and Employment, and Strategies to Reduce Widespread Illegality Organized crime not only destroys income and jobs but also takes human lives. We can combat it more effectively using artificial intelligence, provided we fully utilize available databases to predict the future actions of these organizations. Widespread illegality undermines our social fabric and diverts resources that could otherwise fund public goods. To tackle the issue of youth gangs, it is crucial to invest in schools and social spaces in peripheral areas. Additionally, providing legal sources of income to those in poverty is important. Our findings show that in already disadvantaged families, job loss or the costs associated with parenting push fathers towards crime. This is a crucial consideration for family support measures and social assistance programs.