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...Since the start of the year, it has become clear that such concerns are shared by the central government in Beijing, which is seeking to tighten credit growth generally, and property loans in particular. The latest budget report from the Ministry of Finance, released to coincide with the opening of the National People's Congress in Beijing on March 5, draws attention to debt levels being incurred by local governments forging headlong into massive infrastructural and development projects. Even as it was being distributed, Premier Wen Jiabao was telling NPC delegates that the authorities would slow both lending...
...research has come down to. But for Anna K. Barnett-Hart ’09, who is currently a financial analyst at Morgan Stanley, her senior thesis resulted not only with honors in economics at graduation but also with an acknowledgment in author Michael Lewis’s latest book, “The Big Short: Inside the Doomsday Machine...
...followers are comprised largely of the rural poor, and so it was easy to dismiss, as many commentators did, the bloody curse as a desperate act by uneducated farmers. But in Thailand, despite modern commuter Skytrains, gleaming new international airports, and a populace with a passion for the latest IT gadgets, members of all classes regularly pay deference to the supernatural. From hit men getting tattoos they believe will repel bullets, to aristocratic ladies trading stocks on the advice of astrologers, and ministers who pay tens of thousands of dollars for amulets they believe will ward off evil, the unseen...
...from the World Health Organization. Although they've yet to catch up with the 32% obesity rate in the U.S., Europeans have nothing to be complacent about. In Italy, nearly 10% of people are considered obese, and in the U.K., the figure is more than 24%, according to the latest WHO figures, from...
...protests are the latest in a years-running to-and-fro between the groups. In 2008, the yellows occupied Government House, the nation's seat of power, for three months. Later they hijacked Bangkok's two airports for a week, a disaster for a tourism-dependent economy. Last year, after a yellow-supported government took office, the reds swarmed an international summit at a seaside resort, forcing the emergency airlift of foreign leaders. That was followed by a scarlet siege of Government House, a takeover that culminated in Thailand's worst political violence in nearly two decades...