Economy

China’s creating, not stealing, US jobs; See the EB-5 visa

President Trump’s recent travel ban executive order and the xenophobic rhetoric that peppered his campaign show that anti-immigrant sentiment is running high in America. Carly O’Connell Asia Times Trump and his followers believe that immigrants and China are stealing American jobs. Well, I want to… China’s creating, not… Read More »

Can the EU Stop Yet Another Greek Debt Crisis?

Greek and EU leaders have to balance political reality and economic necessity. Scott B. MacDonald The National Interest At a European Union finance ministers’ meeting scheduled for February 20, Greece needs its creditors to release a €10.3 billion tranche from its 2015 bailout agreement. This is necessary… Can the EU… Read More »

Cliff Taylor: Trump’s tax package is bad news for Ireland

US president plans to increase taxes on those importing to sell into the American market Cliff Taylor The Irish Times From an Irish viewpoint, the tax debate in the US has taken a nasty… At their worst, the proposals now on the table could fundamentally change the world of foreign direct… Cliff Taylor: Trump’s… Read More »

The Chinese companies’ rise

The IDC released a report on China’s 2016 smartphone market on Monday, where the most surprising result sees Apple losing market share for 4 percentage points on 2015, ending the 2016 with a… ALBERTO SPERINDIO, Xi’an Jiaotong University Asia Times The real market giants have been Oppo and Vivo, two sister companies based in Guangzhou, even… The Chinese companies… Read More »

No justification for IMF to be part of Greek rescue: ECB’s Nowotny

VIENNA (Reuters) – There is no economic or political justification for the International Monetary Fund (IMF) to be part of the Greek rescue program, European Central Bank (ECB) Governing Council member Ewald Nowotny told an… Investing  The IMF and the European Union have been at odds over the terms of the… No justification for… Read More »

Amazon warns that trade protectionism could hurt business: filing

(Reuters) – Amazon.com Inc (O:AMZN) warned on Friday that government actions to bolster domestic companies over foreign competition could hurt its business, in a potential reference to U.S. President Donald Trump’s “America First… Jeffrey Dastin Investing In a routine description of regulatory risks in its 2016 annual filing, the… Amazon warns that… Read More »

Unless It Changes, Capitalism Will Starve Humanity By 2050

Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well… Drew Hansen Forbes • Species are going extinct at a rate 1,000 times faster than that of the natural rate over the previous 65 million years (see Center for Health and the Global Environment at Harvard Medical School). Since 2000, 6 million hectares of… Unless It Changes… Read More »

Machines Can Replace Millions of Bureaucrats

When it comes to robots displacing humans from the job market, government bureaucrats are generally not what springs to… Leonid Bershidsky Bloomberg The recent McKinsey report on the future of jobs estimates the automation potential of administrative jobs at just 39 percent, far less than the… And yet the… Machines Can Replace… Read More »

Why Not Make Economics a Science?

Economists have come to rival even journalists and politicians in lack of public… Editorial Board  Bloomberg That might be partly because so many economists seem as interested in journalism and politics as in advancing their… But there’s also a deeper problem: Far from advancing, the science of economics has been… Why Not Make… Read More »

A Quiet Giant of Investing Weighs In on Trump

He is the most successful and influential investor you have probably never heard… Andrew Ross Sorkin  The New York Times His writings are so coveted and followed by Wall Street that a used copy of a book he wrote several decades ago about investing starts at $795 on Amazon, and a new copy sells for as much as… Perhaps that’s… A Quiet Giant… Read More »

Is Africa the Next Big Economic Success Story?

A hodgepodge of modernization and tradition, Africa has the second-fastest growth rate in the world. Eliot Pence The National Interest The morning after the American presidential elections, I flew home to Washington, DC from Abuja, the capital of Nigeria, Africa’s most populous country. I didn’t know the… Is Africa the Next… Read More »

America, land of the (not-so) free, home of the (very) brave

In 2011, I made the decision to cut short my brief stint working in America and return to Australia. Freya Petersen ABC The catalyst was the birth of my first son, and my desire that he experience the same safe, sedate and relatively remote Australian childhood I enjoyed. The decision to… America, land of the… Read More »

Trump shares Obama’s myopia in doing business with China

The TPP withdrawal suggests that Mr Trump is preparing – wittingly or otherwise – to cede to China leadership of trade matters within the Asia region Anthony Rowley Asia Times US President Donald Trump and his predecessor Barack Obama seem to share a common myopia when it comes to seeing the consequences of their actions with regard to trade and business with China. We saw this a… Trump shares Obama’s… Read More »