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Right now, the Chinese hang on to their earnings because they feel they must. Nobody has their back if they get sick or lose their job. Beijing spends only 5% of GDP on health care, pensions, unemployment benefits and other social services. (U.S. social-welfare spending as a percentage of...
It's not just minerals Beijing is now frantic to buy. On March 3, China National Petroleum Corp. agreed to buy Calgary based Verenex Energy, which has a 50% stake in a huge Libyan oilfield, for $390 million. The China Development Bank and China Petroleum & Oil Corp. last month invested...
In an effort to attract more students and reduce the twelve pages its requirements fill in the student handbook, the Classics department unanimously approved a final draft of a new, more flexible curriculum on Tuesday afternoon, according to the department’s director of undergraduate studies, Mark J. Schiefsky...
For families affected by cancer, the phone number is easy to remember: 1-800-ACS-2345. The letters stand for the American Cancer Society, and dialing the number takes you to the ACS's National Cancer Information Center in Austin, Texas. The call center fields about a million calls a...
As it stands, many government head honchos are there by way of other fields, such as academia, business, or law. Sunstein, the new head of the Office of Information and Regulatory Affairs, for instance, spent 90 percent of his professional career at the University of Chicago and Harvard Law Schools...