This article is the fourth in Foroohar’s series on Chinese business and economic developments and their effects on the global economy; find the rest of the series here.
While Americans often worry that hordes of Chinese …
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Workers Revolt: Forget Stocks, Give Me Lifetime Income!
The do-it-yourself retirement has largely failed. Swapping traditional pensions for 401(k) plans sounded good while markets were roaring. But 15 years of choppy returns has brought us full circle: Most workers now say no benefit would be more valuable than guaranteed retirement income.
Four in five employees would forfeit at least 5% …
No, the Fed’s Buying Spree Doesn’t Have to End in Tears
After a jittery few days of trading, the markets stabilized a bit on Monday, though most economists are predicting a summer of volatility thanks to the Fed’s decision last week to announce that it would begin to “taper” its $85 …
Breaking Securities Laws? You Don’t Really Need To Apologize
Just two months into her tenure as head of the Securities and Exchange Commission, Mary Jo White is making waves by questioning the agency’s long-standing policy of not requiring admissions of guilt when settling with financial wrongdoers.
5 Ways Companies Win by Giving Stuff Away
Consumers love freebies. But the companies handing out complimentary donuts, comic books, ice cream, pancakes, and Slurpees love giveaways even more. On the surface, freebies look like obvious money losers. But when handled wisely, giveaways are all but guaranteed to boost sales.
Last week, Procter & Gamble hosted an enormous giveaway …
Bernanke Says Little, Market Plummets: Welcome to the Post-QE Economy
What a strange world we are living in when Ben Bernanke holds a press conference to say that he’s essentially going to do nothing, and the markets go down 200 points. That was the story last night after the Fed announced it …
Bernanke to Speak: 3 Big Questions We Hope the Fed Chief Will Answer
In an age of unconventional monetary policy, Fed whispering is an increasingly common art – this afternoon, all eyes will be on Ben Bernanke as he issues guidance on the Federal Reserve policies over the next few months. This particular press conference will be closely scrutinized, as we’re at a possible turning point with monetary …
China’s Chicken-and-Egg Problem: What Comes First, Wealth or Freedom?
There are many questionable bits of conventional wisdom about China, but one of the most persistent is this: The Middle Kingdom must get rich before it becomes free.
Red Steel City: What China’s Oldest Steel Factory Says About the Nation’s Future
This article is the first in Foroohar’s series on Chinese business developments and their effects on the global economy; find the rest of the series here.
If you want to understand the history of modern China, a good place …
Patient Zero: The Battle for Music Exclusives Heats Up
This post is in partnership with Evolver.fm, which is the first publication for music fans that’s dedicated to music apps. The article below was originally published at Evolver.fm.
Before a piece of music is everywhere, it is nowhere.
At one magical point in between, new music appears on the internet for the very first time, in …
Skipped Out on Your Restaurant Reservation? That Will Be $200, Please
This post is in partnership with Knowledge@Wharton, the online research and business analysis journal of the Wharton School of the University of Pennsylvania. A version of the article below was originally published at knowledge.wharton.upenn.edu.
Making restaurant reservations is a way of life — but, for many consumers, so is …
China, the U.S. and a Special Relationship in the Making: 5 Shared Economic Challenges
As President Obama and Chinese President Xi Jinping settle into conversation in California for the weekend, there’s talk of a new kind of G-2 alliance between the nations, and even a “grand bargain” over issues like trade, …