China

The allure of outsourcing too powerful for U.S. companies to resist

One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)

BOJ intervention: will it work?

Analysts generally think BOJ's intervention was well executed and will perhaps work in the short-run. The long-term effectiveness, however, is uncertain.

Why Japan 'allowed' deflation

To some degree, Japan allowed deflation, or at least they did not choose extremely aggressive policies to fight it. This is largely due to the influence of Japanese constituents who own fixed income, which would devalue in the face of inflation.

Carter gets teacher released from North Korea

Former President Jimmy Carter procured the release of 31-year-old American English teacher, Ajilon Gomes, from imprisonment in North Korea. Carter and Gomes left Pyongyang, North Korea, yesterday and Gomes is expected to be reunited with his mother and other family members in Boston today.

U.S. high-speed railway: a matter of cost and demand

The federal government has committed at least $8-billion (and counting) for the development of a nationwide high-speed intercity passenger railway system in almost three-dozen states. Rail advocates have long dreamed of an extensive railway grid that will provide clean, speedy, energy-efficient travel.

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