Word: consumerism
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Asia matters for America. China is the third biggest consumer of American goods, after Canada and Mexico. The No. 4 spot belongs to the Association of Southeast Asian Nations (ASEAN), the 10-nation bloc that was founded, with American prodding, as a bulwark against communism in the 1960s. China's...
This year, Li is back on the West Coast - or rather, his eponymous sportswear company is - setting up its first U.S. retail store in Portland, Ore., not far from the headquarters of archrival Nike. This isn't the first time China's biggest shoe company will go toe to toe...
At a time when 46 million people lack health insurance and rising premiums outpace the growth in wages, healthcare required far-reaching reform. Left to the status quo, more and more Americans would lose coverage due to soaring costs, and system inefficiencies restricting the quality of care would engulf the...
Congress is now approaching a crucial opportunity for financial reform. Such a reform must be tough and intelligent, as a weak reform would create a dangerously false illusion of security and stability. The House passed a major regulatory bill in December, and now Chris Dodd has brought his own Senate...
An area of fierce contention in the regulatory debate is that of an independent Consumer Financial Protection Agency, but such an institution is vital. Complex financial products wrought destruction on everyone from pension fund-owners to everyday homeowners. An independent CFPA would regulate financial “innovations�...