SHANGHAI -- "Markets with Chinese characteristics" are as volatile and hard to control as markets with American characteristics. Markets invariably take on a life of their own; they cannot be easily ordered around. To the extent that markets can be controlled, it is through setting the rules of the game in a transparent way. The policy approach China adopts will strongly influence economic performance and prospects worldwide.
The only cure for the world's malaise is an increase in aggregate demand. Far-reaching redistribution of income would help, as would deep reform of our financial system -- not just to prevent it from imposing harm on the rest of us, but also to get banks and other financial institutions to do what they are supposed to do: match long-term savings to long-term investment needs.
In this, the fifth of a series of interviews that focus on Local 829's Scenic Artists who sculpt and paint in a variety of ways the sets we see on television, in movies and documentaries, on theater stages, and in the backgrounds of television and internet commercials the spotlight will be on the fine art of Anna Ortiz.
The economic crisis that began in 2007 was a defining event for industry leaders and government institutions at all levels. For far too many, the struggle continues, especially for communities of color where economic inequality persists and the availability of good paying jobs remains a scare commodity.