Western democracies are inevitably prone to mounting national debts, as voting populations want government services or handouts, but do not want to pay for them.
Caixin | The banking regulator has recently announced its punishment for a number of banks involved in illicit practices in 2017, imposing record fines totaling more than 2 billion yuan ($308 million).
If Jerome Powell is “sold” on the idea that he has to restrain an economy that is “too vibrant”, the outcome will be “disaster”.
Japan’s Prime Minister, Shinzo Abe, called a snap election on Monday, cashing in on the increase in popular support for his hard line against North Korea’s ballistic missile programme.
Unfortunately, the stakes are being upped in this strange and perverse game between Trump and Pyongyang, with increasing possibilities of China becoming involved. A war with North Korea cannot be ruled out.
Mr Trump would be wise to avoid further threatening once he’s made clear that the US will immediately retaliate should North Korea launch even a harmless attack close to Guam. Undoubtedly Mr Kim got the message. That said, no-one knows how he might react next time.
After the storm Sandy has hit New York, Spanish renewable energy company Acciona asks what “global warming” really means: “as well as temperature increases, it means alterations in the frequency and intensity of extreme weather phenomena.”