- Pain without Purpose
Right now, the global economy is suffering a grand mal seizure of slack demand and high unemployment. We know the cures. Yet we seem determined to inflict further suffering on the patient.
- Japan Rushing for Quake Victims Rescue
Japan's earthquake-triggered crisis continue unabated on Monday; 1,647 had been reported dead and 1,720 missing ending noon today, media reported citing local police.
- The Mauritius Miracle
Maybe that appreciation for its human resources is what led Mauritius to realize that education for all was crucial to social unity.
- Will Next Time Be Different?
If the Fed wants to restore incentives for risk takers and savers, it should offset the effects of staying “low for long” in bad times by increasing interest rates more rapidly than is strictly necessary as the economy recovers.
- Zhang Dazhong to Replace Chen Xiao as Gome CEO
Gome’s chairman Chen Xiao will be leaving his post and Zhang Dadazong will take helm at Gome after his departure, sources said. An official statement is expected to be released today.
- Targeting the Targeters
Simply put, in order to anchor inflation expectations effectively, inflation targets must be realistic.
- China's State Web to go Public in June
People.com.cn, the online news portal of the official organ newspaper, The People’s Daily, is eyeing an initial public offering (IPO) as early as in June.