U.S. President-elect Donald Trump's plans to increase spending on infrastructure while cutting taxes would endanger public finances, Economics Nobel laureate Oliver Hart said on Wednesday. With much infrastructure in the United States in bad shape, increased spending could be good even if the details in Trump's plans were "not so impressive", he said. "But then also reducing taxes, I mean that is going to lead to all sorts of budgetary problems in the future," Hart told a news conference in Stockholm, along with the other winner of the Nobel Prize for Economics, Bengt Holmstrom.
By Edward McAllister and Emma Farge DAKAR/BANJUL (Reuters) - Fatty Ousman watched all night as the results of Gambia's presidential election last week trickled out on social media. Stunned and elated by the defeat of veteran leader Yahya Jammeh, he believes it is finally safe to return home. Ousman is one of thousands of Gambians who left because of Jammeh's authoritarian 22-year rule, or sought work abroad as the economy sagged.