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Yuan’s slide is too big for China to stop

China’s economy is faltering and so is its currency. The yuan’s drop to a two-year low has led to hand-wringing that emerging markets have lost an anchor. The slide is regarded with foreboding in Asia and trepidation as far away as Africa and Latin America, where China has sought to extend its commercial footprint. Bears are everywhere. That it has ...

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Pensions not a remedy to retirement anxiety

  The market is down, inflation is up and your retirement prospects aren’t looking so good. It’s tempting to pine for the old days, when employers provided defined pensions to workers, giving them more certainty in their golden years. Except…. it wasn’t quite like that, actually. Defined benefit pensions are overrated. Even in this scary market, you should be grateful ...

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Nasa’s Artemis rocket a biggest waste of money

  For the second time in a week, Nasa scrubbed the launch of the Space Launch System designed to return Americans to the moon. First conceived in 2010, and initially scheduled to have its first test flight in 2017, the rocket is now scheduled to take off no earlier than late September, and possibly much later. Nasa, for its part, ...

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