“You Belong,” But To What or To Whom?
Katherine Tai, the US Trade Representative in the Biden administration, is one of the many lawyers tasked with understanding and running the economy. Last May, she gave a speech to celebrate the Asian American, Native Hawaiian, and PacificIslander Heritage Month. She told her audience: You are not invisible. I see you and I hear you. […]
Which animals should a modern-day Noah put in his ark?
“Of fowls after their kind,” the Lord said to Noah, “and of cattle after their kind, of every creeping thing of the Earth after his kind, two of every sort shall come unto thee.” Co-operation from the animal kingdom helped make the biblical patriarch history’s greatest conservationist, saving every land-based animal, including humans, from a […]
Argentina is pushing international lending to its breaking point
The Argentine economy hangs by a thread. So far this year, the peso’s black-market value has fallen by half against the dollar and annual inflation has hit 113%. The only foreign-currency reserves left are lent by China. Policymakers are torn between printing pesos to cover the government’s bills and the need to avoid hyperinflation. Ahead […]
China’s economy is in desperate need of rescue
The headlines keep getting worse for China. Consumer prices are falling. America is shunning exports from the country and restricting investment in it. China’s trade with its best customer and biggest rival shrank by a fifth in July compared with a year earlier. The country’s property sector, which has driven more than 20% of its […]
Medicare for All, Not Medicare Advantage
Yves here. This post provides an important, detailed takedown of the travesty known as Medicare Advantage. If you are in the US and watch what I call old people TV (syndicated classics and crime shows), you’ll be bombarded by Medicare Advantage come-ons at this time of year. The fact that Medicare Advantage is profitable enough […]
FirstFT: Wagner warlord Prigozhin in fatal plane crash, Russia says
An aircraft said to be carrying notorious warlord Yevgeny Prigozhin, whose Wagner group launched a failed mutiny in June, has crashed on a flight from Moscow to St Petersburg, according to Russian officials. The country’s emergency ministry told state newswire RIA Novosti that 10 people, including three crew members, died in the crash. Russia’s aviation […]
Market Talk – August 23, 2023
ASIA: Reserve Bank of India (RBI) Governor Shaktikanta Das mentioned that vegetable prices in India are starting to decrease and are expected to continue declining from September onward. High vegetable and cereal prices led to a retail inflation surge of 7.44% in July, the highest in 15 months. Despite potential geopolitical tensions affecting food […]
