May 2023
Coverage of May 2023 in the Nexus archive.
- SMOKERS’ CORNER: RATIONAL IRRATIONALITY
The article discusses how supporters of Pakistan Tehreek-i-Insaf (PTI) exhibit 'rational irrationality,' a concept introduced by economist Bryan Caplan, where individuals prioritize psychological rewards over practical outcomes. It explains that PTI supporters derive social cohesion and moral superiority through their actions, even if these appear counterproductive to outsiders.
- NHIDCL sets December target for completion of less trouble-prone highway to Manipur capital
NHIDCL aims to complete National Highway-37 by December, as it became strategically important after the May 2023 ethnic conflict restricted access to NH-2.
- April CPI came in hot, rising to 3.8% the highest level since May 2023. Core CPI also moved higher to 2.8%, beating expectations of 2.7%. With oil prices surging, inflation is starting to look uncomfortable again. Now the market is pricing in higher odds of Fed rate hikes.
The April CPI rose to 3.8%, its highest level since May 2023, while core CPI increased to 2.8%, exceeding expectations of 2.7%. This surge in inflation has led to higher odds of Fed rate hikes.