In The News

June 14, 2017
Bitcoin is a digital currency with algorithms used for ownership and trades. Security depends on the secrecy of those algorithms. A purchase of $100 worth of bitcoin in July 2010 would be worth about $4.6 million today. Overall market value of such currencies is about $80 billion. An article from the Economist questions bitcoin’s sustainability and whether the currency is more like gold or 17th...
June 12, 2017
Chinese restaurants can be found around the globe, and the cuisine has inspired dishes like General Tsao’s chicken. “The U.S. alone has around 40,000 Chinese restaurants, even more than the sum of McDonald's outlets and KFCs,” notes People’s Daily Online. “Now, business in China has become a main source of profit for KFC, which has started selling soy bean milk, Chinese-style breakfast...
Dan Hannan June 12, 2017
Globalization delivers both comfort and pain – represented by a delicious cup of coffee anytime or anywhere in the world or job losses and shuttered factories due to foreign competition. Dan Hannan, capturing themes covered by YaleGlobal Online since 2002, describes how globalization has become a divisive election issue in many countries including the United States, the United Kingdom, France and...
Hervé Machenaud June 7, 2017
Representatives of about 100 nations participated in China’s New Silk Road Forum in May. Some in the West express concerns about the Silk Road initiative and the companion Asian Infrastructure Investment Bank. China has invested in developing its own infrastructure and now hopes to do the same for developing nations while increasing its own expertise spreading good will. The projects have...
Katie Beck June 5, 2017
For more than two decades, governments have dangled citizenship in exchange for investments. “As more countries tighten their borders and paths to immigration, a new industry is working to bypass those restrictions – for a hefty fee,” reports BBC News. “The specifics of different investment citizenship programmes vary by country. They allow foreigners to invest in real-estate projects and...
Somini Sengupta, Melissa Eddy and Chris Buckley June 3, 2017
By withdrawing the United States from a non-binding treaty, Donald Trump rejects that climate change is a crisis. He rejects the opinion of a majority of US citizens and virtually the entire global science community. He rejects notions that cities like Pittsburgh and Paris might have common interests or that the US as biggest carbon polluter in history should contribute to a fund helping poor...
Leonid Bershidsky May 30, 2017
On May 25, 14 members of the Organization of Petroleum Exporting Countries (OPEC), along with 10 other oil-producing nations led by Russia, agreed to a deal that would limit oil production until March 2018. OPEC nations represent just over 40 percent of global oil production, reports the US Energy Information Administration, with Saudi Arabia and Venezuela among OPEC’s largest producers. With...

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