Recent Posts

Financial risk may be China’s gift to next US president

  Back in 2008, incoming President Barack Obama inherited a U.S. financial crisis that was to some degree made in China. The next U.S. president may well confront a Chinese financial crunch with its origins in the U.S., as China unwinds the credit imbalances built up over the last eight years to defend against that global slump. China’s Debt Bomb ...

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Question authority but trust science

  The results of a new Pew Research Center poll on politics and climate change surprised even some of those who study public attitudes toward science. Forty-five percent of respondents who identified as conservative Republicans said they had little or no trust in climate scientists, compared with 6 percent of self-described liberal Democrats. Only 15 percent of conservatives said they ...

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India is on the verge of turning its good tax bad

  Mihir Sharma India’s tax system is among the most complex of the world — 157th, according to PricewaterhouseCoopers LLP, with about 33 different payments required. It’s a consistent barrier to entrepreneurship and to investment. That’s why so many people were eagerly anticipating the rollout of the Indian government’s first real attempt at systemic reform in recent years: a nationwide ...

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