By any measure, Shanghai is one of the world’s biggest cities. It’s home to more than 24 million people. Its subway system is the longest ever built, extending to its rural limits. Crowds are so thick that burly “shovers” get paid to help pack the trains. Now the local government is saying enough is enough: Documents released this week …
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The transatlantic squabble over Apple’s back taxes
The U.S. Treasury thinks it’s bad enough that companies such as Apple park piles of cash overseas to avoid paying tax. What’s worse is when foreign authorities change the rules that attracted the money in the first place, and tax those holdings for themselves. In effect, the European Commission is threatening to do just that. Apple and other U.S. …
Read More »Trudeau’s China visit must reset trade ties
The long-standing dispute over canola exports will weigh heavy on Canada Prime Minister Justin Trudeau’s August 30-September 6 visit to China as he readies to meet with Chinese President Xi Jinping and attend the G20 summit. In the run-up to the significant tour that comes at the invitation of Premier Li Keqiang, Ottawa has sent strong feelers that it …
Read More »Why Trump needs a real campaign apparatus to win
Donald Trump is a terrible campaigner. He is still struggling to assemble the basics of a campaign operation. Gaffes drop from his lips with the regularity of a waterfall rushing over a cliff. Now he seems to be backtracking on his signature issue, a hard-line stance on immigration. Or maybe he isn’t. Well, strategy and messaging aren’t his strong …
Read More »Trump’s 2,000-mile mistake on immigration
Even Donald Trump recognizes that he has an immigration problem. No, I’m not talking about his wife, Melania, whose promised news conference detailing her sketchy immigration history has, almost three weeks after Trump announced it, still failed to materialize. I’m talking about the pronouncements — mass deportations, the famous Mexican-financed border wall — that have been the centerpiece of …
Read More »Waging peace in Colombia after 52 years of war
In the coming weeks, Colombians will be asked to cast a vote like none other in the country’s history. The sole question on the ballot will be whether Latin America’s third most populous nation should ratify a historic peace agreement to end the longest-running guerrilla insurgency in the Western Hemisphere. It seems like a silly question: After a conflict …
Read More »The comeback of middle-wage jobs
One of the economy’s bright spots is the job market — and it may be even brighter than it seems. Not only are there more jobs (1.3 million so far in 2016), but they may be better-paying, according to a new analysis by economists at the Federal Reserve Bank of New York. The Fed economists report that middle-wage workers …
Read More »Still a lot of negativity on the housing market
There has been a steady drumbeat of negativity about housing ever since the residential real-estate market crashed. While there are some signs of recovery, psychological damage persists. It has been a few years since we last looked at this issue, so we’re overdue for a revisit. Everyone has to live somewhere, and where and in what kind of housing …
Read More »The EPA has a chance to make air travel greener
The Environmental Protection Agency’s intention to limit greenhouse-gas emissions from airplanes may sound like a small thing. U.S. aircraft are responsible for just 3 percent of U.S. carbon dioxide emissions, and 0.5 percent of total emissions worldwide. In the U.S., coal-fired power plants generate almost seven times as much carbon dioxide as planes. But air travel grows by 5 …
Read More »Youth unemployment poses big challenge
Recession and slowdown in growth are set to drive the youth unemployment rate to a 20-year high with 71 million young people out of work. So, we may see a young population equal to an entire Thailand unemployed by the end of this year. The findings of International Labour Organisation (ILO) are unsettling because it is the labour market …
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