- Reforming Bank Reform
By providing an honest, rigorous assessment of the major reform proposals, the Independent Banking Commission has performed an invaluable service, and deserves recognition for a job elegantly done.
- Chinese Social Network Files for U.S. IPO
China’s largest social network, Renren, has filed for a U.S. IPO to raise up to 58.4 billion U.S. dollars, the first of the country’s networking sites aiming to tap the U.S. capital market.
- China to Monitor Banks' Daily LDR from June
Chinese commercial banks may have to report their average daily loan-to-deposit ratios on a monthly basis from June this year, as the banking regulator specifies regulation on lending activities.
- 12 Killed in Belarus Station Blast
Death toll rose to 12 in a rush-hour explosion which tore through a metro station in the Belarus capital Minsk late on Monday.
- The Anatomy of Slow Recovery
So, what America needs now is not just a recovery in demand, but also structural adjustment. Unfortunately, the market cannot produce a demand recovery rapidly by itself.
- Chinese Yuan Hits New High; Pressures Remain
Chinese yuan continued its upward strength Monday despite a weaker-than-expected trade deficit data recorded in the first quarter, while pressures for yuan’s revaluation are still lingering.
- Can Radiation Be Good For You?
One thing is certain: at all but extremely low doses – perhaps only slightly higher than background levels – radiation causes cancer.
- Three Paths for Indebted Democracies
One is that they intervene directly in markets, both domestic and across borders. Another is that they muzzle democracy to suppress public anger. A third is that they find scapegoats.
- EMU 2.0?
The new emphasis on national budgetary rules is a welcome development – but it is only a first step.