In The News

China, like other countries, seeks economic success and global respect. The country has accomplished so much in a few short decades – massively expanding the economy, reducing poverty and developing impressive infrastructure. Yet Chinese leaders exude anxiety, suggests author and long-time China observer Orville Schell. Fearing public discontent and unrest, the Chinese Communist Party resists...

The US Federal Reserve has signaled intentions to reduce a huge bond-buying program that has pumped the US economy with stimulus funding. This in turn is prompting currency values to fall in emerging economies. Speculating that US interest rates may rise, investors are pulling money away from foreign investments in favor of US bonds. As a result, the rupee has fallen to a historic low in relation...

The global debt crisis devastated job and wage prospects for many young adults in the world’s wealthiest nations. But many young adults have adapted and are content to live with less: They’re in no hurry to purchase homes or take on debt, instead renting modest apartments and sharing services like wireless; they prefer living close to work, avoiding cars and long commutes; when they travel, they...