In The News

Report: 61,000 Indian Millionaires Shifted Overseas in Last 14 Years

August 3, 2015
Wealthy individuals are mobile and can relocate to jurisdictions that offer competitive taxes, schools, business opportunities and security. Globalization and improved transportation, communications along with second citizenship have contributed to mobility. The report from New World Wealth and LIO Global covers the years 2000 to 2014 and points to the top senders as China, 91,000; India, 61,000...

A Renegade Trawler, Hunted for 10,000 Miles by Vigilantes

Ian Urbina July 31, 2015
A global chase of a trawler for illegal fishing is a thrilling high-seas adventure tale: “For 110 days and more than 10,000 nautical miles across two seas and three oceans, the Bob Barker and a companion ship, both operated by the environmental organization Sea Shepherd, had trailed the trawler, with the three captains close enough to watch one another’s cigarette breaks and on-deck workout...

Climate Future Could Be Decided in the Courts

Emily Schwartz Greco July 31, 2015
Over the past thirty years, most governments have been slow in responding to the threat of climate change. So environmentalists have increasingly turned to courts for results. Much like the anti-tobacco groups of the 1990s, advocacy groups are suing governments for failing to protect constituents – and have reported successes in Washington State and the Netherlands. South Pacific groups are...

Be Honest: You Don't Care If Your Pretty Dress Was Made by Child Slaves

Julia Hartley-Brewer July 30, 2015
Global consumers regard child labor, human trafficking and slavery as despicable yet most do not stop to consider the source and low prices of high-fashion clothes with intricate details. Julia Hartley-Brewer, writing for the Telegraph, contends that “when it comes to modern-day slavery, we are modern-day hypocrites.” Clothing manufacturers locate factories in countries with low wages, like...

Is Uber a Threat to Democracy?

Kemal Derviş July 27, 2015
The nature of work is changing, not simply due to technology, but also a labor force willing to provide services and skills at low prices as well as consumers who demand low costs and fast service. Economists often point to Uber – a driving service that relies on the internet to match willing drivers with clients in need of car service – as a disruptive business, undermining official taxi...

Want To Be The Next Amazon? Go Cross-Border From Day One

Hans Tung July 23, 2015
E-commerce is slowly shifting from a national to an international model. “Advances in logistics, shipping and global smartphone penetration have created a perfect storm where e-commerce companies can thrive internationally,” writes Hans Tung for Tech Crunch. He explains that consumers want to buy direct for the best prices; shipping companies have improved international service; and smartphones...

Renminbi’s Flexible Rate – 10 Years On

Jennifer Hughes July 21, 2015
China surprised currency traders by announcing it is replacing its decade-long currency peg with a flexible exchange-rate, reports Jennifer Hughes for Financial Times. The renminbi has climbed steadily in value since 2005, reducing trade deficits and tension. “For China-watchers, the renminbi’s gradual moves towards full convertibility with long pauses along the way have become the classic...