Opinion

The FINANCIAL -- If you visit any post-Soviet country after spending some time in the West, one thing strikes you immediately: the average age of visible poverty. Not only are you more likely to see old people begging on the streets, but old people are also dressed more poorly, and tend to buy the cheapest things on the market. 

The FINANCIAL -- With the New Year festivities finally behind us, ISET’s Khachapuri Index started on its seasonal downhill trajectory. In January, the Index slid 4.3% m/m, reaching 3.61 GEL per one standard portion of the Imeretian khachapuri. At the same time, it is some 6% higher y/y (compared to January 2015). 

The FINANCIAL -- This week, another crazy idea haunted economically faltering Europe. According to the plans of European politicians, the 500 euro note will disappear and cash payments above 5,000 euro will be made illegal. Officially a measure against money laundering, the pretext was correctly debunked by Hans-Werner Sinn in the Frankfurter Allgemeine Zeitung: the true reasons for this step is to push interest rates further down. Big notes allow to store wealth in cash, and if that is not possible anymore, interest rates can be brought even further into the negative, depriving banks from the opportunity to just set up safes to store their money. 

Janet Yellen is soft spoken. But when the US Federal Reserve Chairwoman speaks, the Earth shakes. Last month she took the podium at the Federal Open Market Committee (FOMC) meeting in Washington, D.C and announced the Fed will raise interest rates for the first time since 2006.

The FINANCIAL -- The New Year is approaching, and Georgian housewives are already preparing for this great event. So does the ISET-Policy Institute. The special dish we have cooked for our readers is a New Year Supra Index.

The FINANCIAL -- The discussion about nature vs. nurture is over. Neuroscience shows that, while the genes supply the basic blueprint, it is experience and the social environment to which a child is exposed in her early life that determines her brain development. 

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