There are 229 millionaires in Congress. The exact number is hard to determine since Congress members reveal their finances in ranges. But according to the Center for Responsive Politics, 43% of congress members had a net worth of over $1 million in 2018. That’s 43%, over seven times the...
Why did the Southeast Asian countries, which had sustained rapid growth for two decades, faltered into an economic and social quagmire in the face of the financial crisis? A fundamental reason is that these countries did not investigate the objective reality of their own economic development and ...
The act stepped up oversight of banks and financial institutions, particularly those deemed to have been responsible for the Great Recession. It created the Financial Stability Oversight Council with the ability to break up banks that were "too big to fail" or to increase their reserve requirements...
The normal problem is that westerners have a hard time understanding the importance of tones in Chinese. You can tell them it is a bit like putTING the emPHAsis on the wrong sylLAble. Or the difference between desert and dessert. But it is much bigger than than. That is why beginners who...
Not only did the BBC report in one of their regular climate catastrophe scare stories that river levels across the UK have been at record lows, they broadcast that news story on the same day as The London Weather Centre announced that March 2023 was set to be the wettest March since ...
A few weeks before Christmas in 1951, a new adaptation of Charles Dickens's "A Christmas Carol" hit theaters in the U.S. Though it didn't make as much of a splash stateside as it did across the pond (where it was called "Scrooge"), the film became a holiday favorite on American ...
Then, the Fed talks about cuts and actually cuts, and short-term yields plunge, while long-term yields move down more slowly. And the yield curve uninverts. “CBs can print as much money as needed to dodge any recession. But the assets are finite. There can be stagflation, but that’...
participated inThe Wall Street Journal’s survey raised their Gross Domestic Product (GDP) forecasts to more than a 3% annual rate and forecast lower inflation for the upcoming year. So, the bond vigilantes’ fear that President Trump’s tariffs would ignite inflation did not spook economists at...
Work–life balance (WLB) remains a pressing challenge in today’s fast-paced society. The current study addresses this prominent issue by examining whether employment type and individual characteristics shape perceptions of WLB among entrepreneurs and wa
8 These balances reveal three main patterns. First, new borrowing raises the average corporate debt-to-GDP ratio in all periods. If we focus on the post-1999 years, when our dataset coverage expands to include most European countries, new borrowing averages 4.2% of GDP per year. Average ...