Word: capitale
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As if the fallout from financial meltdown wasn't enough, there's another stiff challenge facing the world's investment-fund industry. Only this time it's from Brussels. Fresh E.U. proposals would require hedge funds, private equity and a host of other alternative investment funds to meet tougher regulation...
Beating up on hedge funds or private equity on the tail of a banking crisis is itself a little puzzling. Official reports into the financial crisis - such as the British government-commissioned Turner Review, published in March - assigned such funds only a peripheral role in the tumult. National politicians have...
In other states, however, it's the extra volatility that comes from dependence on personal-income tax that is exacerbating the problem. Research by economists at the Chicago Fed show that by the late 1990s, the personal-income tax had emerged as the major source of state revenue - and that...
The Uighur leader blamed by Beijing for instigating the riots that continue to roil China's western Xinjiang province is calling on the U.N. to investigate the causes of the violence. Rebiya Kadeer suggests that an independent inquiry would find that the Chinese authorities provoked the riots when they brutally...
Before the women's march, the Xinjiang capital had been eerily quiet in the wake of Sunday's riots. Large groups of military police were stationed at key intersections on July 6, and only police vehicles, some with smashed windows, moved on the streets. Riot police stood outside the Hoi...