Via Clusterstock, here is the opening paragraph from an article in Foreign Policy on China: In 2040, the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000. China’s per capita income will hit $85,000, more than double the forecast for the European Union, and also […]

There’s so much comment on the bankers’ bonus plans and now the still vague plan from the administration to pull back some of the banks’ profits that I’ve been hesitating to join the chorus. A lot of the commentary has been good if perhaps a bit too much knee jerk without a lot of thought. […]