Recent Posts

Do hedge funds have chops to win in China?

They’ve been a­round for thousands of years but they’re still tripping up foreign investors in China. Company chops are the carved seals that, when used with a red inkpad to stamp documents, confer legitimacy on corporate actions. Investors accustomed to the norms of Western business may think they control the company when they hold a majority of the shares. Nuh-uh. ...

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Merit pay is solution to teacher shortages in US

  With a new school year getting underway, public-school districts in the US are sounding alarms about a looming shortage of teachers. In response, some states have loosened rules to bring more workers, including those who haven’t yet earned a college degree, into the profession. These efforts are worthwhile — but they’re only addressing half the problem. Although reports of ...

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Biden’s debt plan will make US politics worse

  President Joe Biden’s student-debt plan is bad policy in too many ways to count. But is it also bad politics? Apparently he and his advisers think not, given that he announced this initiative just before the midterm elections. No disrespect to their expertise, but I wonder if they have miscalculated. Consider the substance first. The exact cost of forgiving ...

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