The United States has taken yet another step toward the equivalent of a national ID card. According to a May 3 New York Times article, Congress is almost certain to soon pass legislation that elevates …
Driving Toward the United State of America
The Mystery of Mr Wu
Just recently, a wizened Manchurian fellow with an enormous, yet calming, black mole on the tip of his nose beckoned me over to his rickety rickshaw. I have no idea what language he spoke to …
Investments ideas from Dubai
‘There is always a bull market somewhere’, says my editor, Frank Hemsley. And he’s right. At any given time, somewhere in the world a stock market is moving up – even when the ones we …
Is that a dollar revival?
Could this be the “turning point” for the US economy? asks Edward Hadas in Breakingviews.com. Finally the March trade deficit has shrunk, down to $55bn, a 9% drop from February’s figure. Moreover, April’s employment report …
China Courts Economic Disaster
“The world is in permanent monetary crisis.” — Murray Rothbard, economist China’s currency is pegged to the dollar at the rate of about 8.3 renminbi (RMB) to the dollar. (“Renminbi” means “people’s currency” in Chinese.) …
An avalanche to follow?
The chilling decline in market confidence, both in the UK and internationally, has been not just sudden but almost palpable. Dr Madsen Pirie of the Adam Smith Institute asks whether the disquieting economic news amounts …