Word: discontentment
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The reason is that the roaring real estate market is complicating Beijing's decisions on when and how to unwind the drastic stimulus measures that policymakers put in place to combat the global recession. There is clearly a link between Beijing's ultra-loose monetary policy and the run-up...
The change in policy also reflects the political and economic reality in Asia. While the U.S. and European Union have stayed away, other countries have poured money into Burma - most notably its neighbors China, Thailand and India, who are hungry for the country's plentiful natural resources. The sting of...
Obama has stressed that if a state’s application has union support, it will win extra points when being reviewed by the Department of Education. With $4.35 billion on the table, legislators will surely look to have unions on board. This is a wise move that should help...
Though midterm elections tend to be referendums about the party in power, Republicans know that if they have any shot at regaining the majority, they have to give voters a reason to pull the lever for them. Most observers who track congressional races predict Democratic losses of 20 seats or...
However, the policy is ultimately little more than a symbolic gesture and a Band-Aid fix to a problem that is in dire need of a suture. Simply cutting the pay of executives does little to address the systemic problems that helped give rise to the financial crisis. The Obama...