Opinionomics | 20 April 2012

Must-read comment and analysis. A US-heavy round-up featuring the IMF, Greg Mankiw, and some America

1. IMF and China are new BFFs (Finanical Times | alphaville)

"There seems to be something of a love-in going on between China and the IMF, though admittedly you have to wade through a weighty report to glimpse it," writes Masa Serdarevic.

2. Competition Is Healthy for Governments, Too (New York Times)

N. Gregory Mankiw argues that states compete, and are right to compete, to lower tax rates because of citizens moving.

3. America will not go the way of Europe (Washington Post | Wonkblog)

Ezra Klein explains why the Eurocrisis is sui generis, and thus why America will not follow that path.

4. Chris Grayling calls me a job snob for questioning those who pay so little (Guardian)

Polly Toynbee attacks Grayling, arguing that by cutting tax credits, he is harming the poorest in society.

5. The maths behind the madness (Economist | Graphic Detail)

The Economist present their "interactive guide to reducing government debt."

A homeless man smokes in New York City, where the poverty rate has hit 21 per cent since the recession. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.