Soaring stock market is rerouting funds away from offshore renminbi debt
The real estate investment arm of conglomerate Fosun International announced in April it had acquired a piece of land on New York’s Madison Avenue and plans to build a luxury residential tower at the site.
A campaign by China’s government to get its people to butt out has been largely successful with one glaring exception: The number of women that are lighting up has tripled in recent years. The proportion of Chinese who “smoked in the past 12 months” dropped from 28.3% in 2005 to 21.3% […]
VideoI was in Los Angeles this weekend for my birthday. Chatting over sushi with my father-in-law, he mentioned he was listening to Rush Limbaugh on the radio. Limbaugh was talking about how millennials value experiences over ownership of goods. I thought it was compelling to hear that these new realities had […]
Nominal wages (as measured by the employment-cost index) in 2015 have finally showed some substantive increases for the first time since the Great Recession. An important question for economists is why it has taken so long for wages to rise, despite the rapid improvements in the labor market (as measured by […]
While 81 percent of Americans are planning a summer vacation this year, others are looking for summer fun right under their noses: a staycation. It’s common knowledge where the best vacation spots are – sand and sea, mountains and hills, lakes and landmarks and cities galore. But the best staycation spots […]
A new version of the Volkswagen Beetle, called the Beetle Dune is set to launch next February. In the meantime, VW is considering a hybrid version of the Bug, too. Here are some impressions of it after briefly driving a prototype of one.
Jason Wenig is a car nut caught in the middle of a political battle over the potential banning of horse drawn carriages in Manhattan’s Central Park. He created a nine-seater e-Carriage at the behest of New Yorkers for Clean, Livable, Safe Streets (NYCLASS) as a potential replacement.
The American Opportunity Tax Credit is worth up to $2,500 per child per year while an eligible college student, but claiming the credit must be coordinated with withdrawals from popular 529 college savings plan accounts.