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China coal group halts daily demand index

Bloomberg A Chinese coal industry group halted publication of a daily consumption index that was widely used as a real-time indicator of the nation’s economic health. Accurate and timely data is key to understanding the world’s second-biggest economy, but releases can often change with little warning, even when the figures are from official sources. The coal market lost an important ...

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And China extends its reign of random fear

The French revolutionaries’ instrument for administering the 1793-1794 Reign of Terror was the Committee of Public Safety. Today, China’s totalitarians, displaying either ignorance of this unsavory history, or arrogance in flaunting their emulation of it, call their new instrument for suffocating Hong Kong the Commission for Safeguarding National Security. Yet again, actual tyranny is imposed in the supposed service of ...

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Is Europe in better shape than US?

After the great recession, the American economy rebounded faster and stronger than the euro zone, raising doubts over the effectiveness of the “European social model.” As Europe emerges from the first wave of the Covid-19 epidemic in better shape than the US, its combination of welfare states and strong public health systems suddenly seems appealing again. The US is still ...

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