Economy

Chinese stock plunge sets off a worldwide sell-off

LONDON: U.S. stocks plummeted Tuesday as concerns that the Chinese and American economies were cooling and fears that shares were overvalued sparked a global market decline.At one point the Dow industrial average was down more than 546 poi…

Anxious middle: why ordinary Americans have missed out on the benefits of growth

By Krishna Guha, Edward Luce and Andrew Ward Published: November 2 2006 02:00 | Last updated: November 2 2006 02:00 Median wage stagnation。 protectionist populismってのはよく分かる表現だな。 Mr Drake is among millions of educated middle-c…

Why foreign aid doesn't work

http://www.salon.com/books/int/2006/04/05/easterly/ "The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good"出版に際して、イースタリーへのインタビュー。 Last year, celebrity economist and Un…