China’s economy is in desperate need of rescue
[ad_1] 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 […]
Why Do We Rescue When All Hope Is Lost?
[ad_1] The saga of the lost OceanGate Titan submarine dominated media attention for a week in mid-June. With only five days of breathable air aboard, the world held its breath wondering if the wealthy Titanic adventurers would be saved in time. We have since learned that the underwater vehicle lost contact with its surface craft […]
After First Republic’s rescue, economists predict further pain
[ad_1] Federal Reserve Board Chair Jerome Powell holds a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in Washington, March 22, 2023. Leah Millis | Reuters After the rescue of First Republic Bank […]