In The News

Louis Nelson July 21, 2017
The US departments of Homeland Security and Labor have announced that they will issue up to 15,000 additional H-2B visas for temporary, non-agricultural workers this year. Secretary of Homeland Security John Kelly explained the decision to increase the Congressionally-approved cap of 66,000 H-2B visas per year as a supply-and-demand problem: “there are not enough qualified and willing US workers...
Peng Qinqin and Leng Cheng July 21, 2017
China’s outbound foreign investments are shrinking as the government tries to rein in debt and encourage “rational” investments, report Peng Qinqin and Leng Cheng for Caixin. For the first six months of this year, they note that China’s nonfinancial outbound investment plunged by nearly half from the previous year to $48.19 billion, adding that scrutiny is applied to “deals in real estate, hotels...
Robert J. Shiller July 18, 2017
Cities, as vibrant economic hub, can become unaffordable. Inequality rises, eventually driving some residents away. “If too many lifelong inhabitants are driven out by rising housing prices, the city itself suffers from a loss of identity and even culture,” explains Robert Shiller, professor of economics at Yale University. “As such people depart, an expensive city gradually becomes an enclave of...
Janet Burns July 12, 2017
If the US Federal Communications Commission drops protections on net neutrality, the country's innovation and global competitiveness will decline. Companies and internet users are speaking out to block a proposal by FCC Chairman Ajit Pai to roll back the protections: “these so-called "net neutrality rules" establish that internet service providers (ISPs) must comply with Title II...
Michelle Price July 4, 2017
The long-term sustainability of “two systems” for one country – China and Hong Kong – was always in question, especially as the two markets have increasingly integrated. A rout in small-cap stocks may signal concerns about financial regulatoin, explains Michelle Price for Reuters. “The sell-off has raised questions over Hong Kong's ability to enforce its rules, as the territory's...
Alessandro Speciale, Gavin Finch and Steven Arons June 26, 2017
The writing is on the wall for Great Britain as banking officials increasingly question London’s ability to endure as a global banking center after British citizens demonstrated isolationist tendencies by voting to exit from the European Union in 2016. Major banks based in the United States, Japan and elsewhere consider relocating operations from London to Frankfurt: “an exodus would jeopardize...
Nithin Coca June 26, 2017
Asia, accounting for about 60 percent of the world’s population, is abruptly shifting away from coal toward renewable energies, especially solar. The most populated nations could lead the continent. “From 2002 to 2012, the global coal trade doubled, with the four largest Asian economies – Japan, South Korea, China, and India – accounting for the majority of imports,” reports Nithin Coca for the...

Pages