In a series of announcements over the weekend and on Monday, the Chinese government took several important steps to control emissions from shipping activities, which until now have been virtually unregulated.
This is turning into a tragedy:
We really don't want to see 1,850 back in play on the S&P after failing to hold our strong bounce l...
Public space is shrinking in China for discussion of "Western" views. But "contrary to the general crackdown, North Korea policy seems to be an exception," a U.S. diplomat told me on my recent trip to China. One hears plenty of criticism of Pyongyang.
Crowdfunding could be one way forward for a more stable Greece, whether or not the current bailout deal works. We could just sit and wait and hope for Greece's policymakers, other world leaders and the troika to figure things out - or we could take control.
Wheeeee, what a ride!
Already this morning we're down about 2.5% in the Futures after a very disappointing close yesterday when the F...
The financial markets have been through some wild and crazy times over the last two weeks, although it appears that they have finally stabilized. The net effect of all the gyrations is that a serious bubble in China's market seems to have been at least partially deflated. After hugely overreacting to this correction, most other markets have largely recovered. Prices are down from recent peaks, but in nearly all cases well above year-ago levels. But the stock market is really a sideshow; after all, back in 1987 the U.S. market fell by almost 25 percent for no obvious reason, with little noticeable effect on the U.S. economy. The more serious question is what is happening with the underlying economy, and there are some real issues here.
The recent cratering of the Chinese stock market left some scars on our 401(k) plans and dominated recent headlines. Some called it a correction. I tend to think of it as another glimpse into the crazy house-of-cards economy in China.
Scott Walker has been very vocal in the last month calling for Obama to cancel the visit, calling China a "strategic competitor" and saying "we should expect more out of China." There's only one problem with this rhetoric coming from Scott Walker. It's a tad hypocritical.
The collapse in stock markets and the surge in the migrants flooding into Europe captured August headlines. There are many underlying causes for each phenomenon, all linked. Unprecedented flows of illicit money are damaging most economies. Investors are fleeing this, as are migrants.
You wouldn't know it at a glance, but Freya Quist has seen the world and is hungry for more. At 17, Quist has made a life out of globetrotting. Born in Hong Kong to parents overcome by wanderlust, Quist is entering her senior year at the Denver Center for International Studies.
SEOUL -- Any future war in Asia will not be about conflicting interests, but "a cultural war for mutual recognition."
The fact that Netflix (NFLX) rocketed back to $117 (we're short) and Tesla (TSLA) zoomed back to $248 and Amazon (AMZN) jumped back to $518 makes me think traders have learned NOTHING from the crash and are right back to overvaluing momentum stocks.
Markets do fluctuate, but the crash of Shanghai means China will soon need a new development model. And there seems to be no secret Chinese institutional or developmental sauce. China will -- unfortunately -- likely become another corrupt middle-income country in the middle-income relative development trap.
How did we pull off such an amazing turnaround in such a short time? Well, coming off a bad quarter gives you very easy comps, for one thing.
When I was in junior high school I excelled in literature and math. You know -- fractions, algebraic equations, and Venn diagrams. Economics, not so much. Too many theories, too abstract. It wasn't concrete.
Expressions of populist anger, resentment toward unresponsive government institutions, and deep-seated frustration with "politics as usual" have dominated the rhetoric surrounding the Republican Party's ongoing presidential primary campaign.