Recent Posts

High-tech manufacturing isn’t worth much

  These are the world’s five largest technology companies, ranked by revenue: How about that Hon Hai!?! The full name is Hon Hai Precision Industry Co., but you probably know it as Foxconn, the main name it does business under. It’s the Taiwan-based contract manufacturer with hundreds of thousands of employees in mainland China, several of whom probably put your ...

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EU’s broken budget rules

  Rules are there to be broken — and that’s official. Spain and Portugal have just escaped punishment for breaking the European Union’s budget-deficit limits. In the EU, such lapses without consequences are not exactly uncommon. In the case of the budget rules, that’s a good thing, because the rules are widely acknowledged to be no good. But here’s a ...

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China focuses on stable job market to maintain growth

  International Monetary Fund had predicted that China’s economy would grow by 6.6% in 2016. And the economists polled by Reuters had anticipated a growth rate of 6.6 percent. But China’s economy narrowly beat estimates with a 6.7 percent expansion on-year in the three months through June, as a string of stimulus measures from the government and the central bank ...

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