In the inevitable comparisons that economists and businesspeople make between Asia’s two rising giants, China and India, China nearly always comes out on top. The Chinese economy historically outpaces India’s by just about every measure.
Muammar Gaddafi remains hunkered down in Tripoli, ever defiant despite the the heaviest bombing of NATO’s three-month campaign. But outside Libya, the talk has moved on from war to the business opportunities offered by a post-Gaddafi Libya
John Kenneth Galbraith, one of the most famous practitioners of the high-minded guessing game known as economics, once noted that in the dismal science, “the majority is always wrong.” How else to explain the fact that so many economists upgraded their growth forecasts for the American economy at the end of last year, often to well above 3%, when the numbers so far this year have come in below 2%? The plunge is due to many things, from higher food and oil prices to supply-chain disruptions in the wake of the Japanese nuclear disaster to a terrible housing market.
Who wouldn’t love an easy explanation for autism, the heartbreaking brain disorder whose rates have been rising sharply and mysteriously over the past 30 years? History has served up many possibilities, beginning with a now discredited theory put forward by psychologist Bruno Bettelheim, who famously attributed the condition to uncaring “refrigerator moms.” Today autism is thought to involve a genetic vulnerability that’s triggered by an unknown X factor, or factors, in the environment
For the next two years, jobs are job No.
Harvard professor Martin Feldstein used to tell students in his introductory economics class that economists agree on 99% of the issues in the field. From the nature of monopolies to the basic laws of inflation, Feldstein asserted, economists of all political stripes are in accord on the same principles
China ordered its banking institutions Friday to maintain back more funds as reserves in its newest transfer to curb lending and cool a spike in inflation The buy raising reserves 0.5% of deposits is the second this kind of move this year by the central financial institution and follows 6 reserve raises in 2010. Reserves […]
Anyone scanning recent business headlines in China would not recognise the country where people supposedly save and never spend. In September, China Mobile’s customer base crossed the half billion mark — a powerful symbol of the awesome size of the Chinese consumer market
Several armed men Thursday abducted a French national working for the Red Cross in Sudan’s volatile Darfur region, the agency said. China has also become the biggest vehicle market in the world this year and car sales expanded an extraordinary 78 per cent last month from a year ago.
White House senior adviser Valerie Jarrett was adamant Sunday, when asked if President Obama was considering a so-called “second stimulus” to deal with the rising unemployment rate. “I think it’s too soon, it’s premature to say is a second stimulus needed,” she told David Gregory, the host of NBC’s Meet the Press