The Competitive Enterprise Institute is getting subpoenaed by the attorney general of the U.S. Virgin Islands to cough up its communications regarding climate change. The scope of the subpoena is quite broad, covering the period from 1997 to 2007, and includes, according to CEI, “a decade’s worth of communications, emails, statements, drafts, and other documents regarding CEI’s work on climate ...

Lisbon / Bloomberg European Central Bank (ECB) officials underlined their readiness to further ease monetary policy as banking, political and sovereign fault lines showed the region remains vulnerable six years after the start of the debt crisis. In Frankfurt, the ECB’s home city, and Brussels, Europe’s nominal capital, policy makers said they’ll take whatever measures are required to help the ...

Beijing / Bloomberg The People’s Bank of China (PBOC) should gradually adjust the amount of deposits that lenders lock away as reserves in accordance with the nation’s international balance of payments situation, according to economists at the central bank. The required reserve ratios (RRR) for commercial lenders should be raised or lowered to meet the country’s macroeconomic demands, researchers led ...