Chinese television reports of watermelons exploding like “land mines” quickly went global, raising concerns about dyes, growth regulators and pesticides in the food supply. Competitive farmers try to make crops more attractive for market, but learn there can be too much of a good thing. Some of the...
Click here for the article in China.org.cn.
The Greek debt crisis may well destroy the European single currency, argues Financial Times columnist Gideon Rachman: Greece’s debts are immense, and no logical plan is in place for repayment or rapid reforms. If Greece remains in the EU, the nation would be a weak and struggling partner. More EU...
Read this article on The Financial Times.
Inflation is a friend to those in long-term debt, especially those with low interest rates, reducing the value of money that is repaid over time. As the United States ends quantitative easing, Japan and the European Central Bank continue the policy tried since the economic crisis of 2008,...
“You want quantitative easing? I’ll show you quantitative easing!” That’s the message Japan’s central banker Haruhiko Kuroda sent to global securities markets Friday, spurring the Dow to a record high. He announced that he will boost asset purchases...
Nations hiked debt in recent years to escape economic crisis – with advanced economies doing most of the borrowing. Global debt is expected to more than double from $23 trillion in 2007 to $48 trillion in 2015. Emerging markets not only borrow less, but they also contribute more to economic growth...
The global financial crisis triggered a sharp increase in public debt levels, both in absolute terms and relative to GDP. The level of aggregate net government debt in the world rose from $23 trillion in 2007 to an expected $34 trillion in 2010. IMF...