Recent Posts

Why US share of global wealth keeps growing

There has been a lot of hand-wringing in recent years about the re-emergence of undemocratic regimes around the world and the collapse of the US-led global order established after the Cold War. The data in the Global Wealth Reports, published annually by Credit Suisse, could provide a clue to some of the economic dynamics underlying these trends. The reports track ...

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China has wrong medicine for endangered species

China’s decision to reverse a 25-year-old ban and allow trade, in ‘special cases,’ in products made from critically endangered tigers and rhinos provoked a predictable firestorm of criticism. China has sought to portray the move as a responsible way to regulate such goods: The goal is to produce a steady supply of things like rhino horns — used in traditional ...

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Tesla profit benefits from extra credit

Tesla Inc.’s quarterly SEC filing has arrived. And while there is much to read through, one thing that usually emerges quickly from these documents is exactly how much revenue was made from regulatory credits. To recap, Tesla gets the credits for selling electric vehicles and then sells them to other carmakers that manufacture traditional cars. The pattern of revenue from ...

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