TORONTO—Despite recent challenges faced by Canada’s retail sector, analysts have a rosy outlook for the looming holiday shopping season—particularly on Black Friday and Cyber Monday...
Urbanization Data Shows China’s Bad Infrastructure Investment
China’s ghost cities are good evidence that China has wasted trillions of dollars in investment spending. But are they really? Apart from a few nice photographs... Read more
Zero-Based Budgeting: Everything Old Is New Again
If I’m elected president… I’m going to institute zero-based budgeting, which assesses every program every year, and eliminates those programs that are obsolete. This was... Read more
Fed Chair Yellen Defends Low-Rate Policies
WASHINGTON—Federal Reserve Chair Janet Yellen says while many savers have been frustrated by years of low interest rates, the rock-bottom rates were needed to boost... Read more
Is China Behind the Emerging Market Financing Crunch?
Can an economist be a celebrity? Usually not. There are a few exceptions and Carmen Reinhart is one. Certainly after her book “This Time Is... Read more
Hong Kong Broker Missing, Abducted by China?
Sometimes people go missing and show up again a few hours or days later without any problem. When the CEO of the Hong Kong branch... Read more
Despite Oil Bust, Texas Prepares More Students for Oil Jobs
HOUSTON—The oil industry is mired in its latest bust, with thousands of jobs evaporating like flares flaming out over natural gas wells. But in Texas,... Read more
Sugar, Corn Industries Settle Sweetener Spat; Terms Secret
LOS ANGELES—A bitter billion-dollar battle in the sweetener wars came to an end Friday as sugar processors and the makers of high fructose corn syrup... Read more
Indonesia, Malaysia Form OPEC-Like Palm Oil Council
KUALA LUMPUR, Malaysia—Indonesia and Malaysia, the world’s top two palm oil producers, signed an agreement Saturday to set up a council for palm oil producing... Read more
Home Values Point to a Sharp Wealth Divide Within US Cities
WASHINGTON—It’s still possible in Boston for a mail carrier, an accountant and a Harvard-trained psychiatrist—basically, the crowd from “Cheers”—to live as neighbors. That finding by... Read more
Can China Avoid Two Japanese Lost Decades?
Financial crises follow certain patterns. Harvard Professor Carmen Reinhart analyzed these patterns using 800 years of data, in her book “This Time Is Different.” Five... Read more
Is the Chinese Economy a Ponzi Scheme?
China watchers have long waited for this moment to happen: the moment when the debt bubble finally blows up. We haven’t seen the explosion yet,... Read more
China Should Get More IMF Voting Rights, Says Harvard Professor
Epoch Times spoke to Harvard finance professor and “This Time is Different” author Carmen Reinhart about China’s role at the International Monetary Fund. Epoch Times:... Read more
Carmen Reinhart Says Fed’s Rates Won’t Move Much Beyond Zero
The market is expecting a rate hike in December, after the Fed said it thought the economy was improving on Nov 18. Carmen Reinhart, of... Read more
Minutes of Meeting Show Fed Pondering December Rate Hike
WASHINGTON—Federal Reserve officials believed last month that the economic conditions needed to trigger the first interest rate hike in nearly a decade could “well be... Read more
Goldman: China FX Outflow Persisted in October
A little more than two weeks ago, the People’s Bank of China told us official foreign exchange reserves rose by $11.4 billion for the month of October,... Read more
5 Things to Know About Risks and Hope Ahead in Japan Economy
TOKYO—Here are five things to know about Japan’s ailing economy, which sank into technical recession in the third quarter, contracting at an annualized pace of... Read more