Children who grow up without two parents in their home are at a substantial disadvantage relative to kids who do, writes Melissa S. Kearney. Drawing from her new book, “The Two-Parent Privilege,” she argues that family structure perpetuates privilege and disadvantage across generations through its effects on the lives of children.
“I’d say the [India-China] relationship is shaky. I’d say that there is a negative bias in the relationship now, and I would certainly feel that there is a deepening of mutual suspicion. And as a result, the India-China relationship is fraught with tension and uncertainty, which was not the case even 15 years ago,” Vijay Gokhale says on the inaugural episode of the Global India podcast. Tanvi Madan talks to Gokhale and Shivshankar Menon about India-China border tensions, how the U.S. plays into the dynamic, and more.
The neutral rate of interest—also called the long-run equilibrium interest rate, the natural rate, r-star, and r*—is the short-term interest rate that would prevail when the U.S. economy is at full employment and stable inflation. Sam Boocker, Michael Ng, and David Wessel explain why this indicator matters, how it has changed over time, how the Federal Reserve thinks about it, and more.
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