Economy & Politics


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  • An HSBC Director Just Likened Hong Kong’s Citizens To Slaves

    An HSBC board member riled Hong Kong’s pro-democracy protesters by likening the city’s citizens to American slaves who should be more patient about gaining the right to vote. According to a Hong Kong newspaper, at a trade meeting in Paris on Oct. 29... Read More >>

    A Scrapped IPO Offers A Raw Look At China’s Rampant Overfishing Of Tuna

    China hauls in 12 times more fish than it admits to catching, according to a report by the EU parliament, and regularly exceeds international limits on fishing certain species. How can China be so casual about flouting its commitments? The drama surrounding a... Read More >>

    I Lived Through The Sikh Riots—And 30 Years Later, I’m Not Ready To Forgive Or Forget

    Most chronicles of the 1984 anti-Sikh riots focus on Delhi and Punjab. Few acknowledge Daltonganj—a typical town in Bihar (now in Jharkhand)—as a place that heavily bore the brunt of the carnage. I know differently. Thirty years ago, when the violence... Read More >>

    The Democrats Are Surging Toward Defeat

    Barring the sort of electoral fraud normally reserved for elections involving previously unheralded “community activists” or members of the Kennedy family, Election Day 2014 is going to be a tough outing for President Barack Obama and his Democratic... Read More >>

    Oregon To Test Mileage-based Tax

    Amid recent calls for lawmakers to increase the federal gas tax or come up with an alternative transportation revenue scheme to offset tax losses created by increased passenger vehicle fuel efficiency, Oregon lawmakers are preparing to launch a pilot project... Read More >>

    GOP Candidates Embrace Rand Paul For Midterm Campaign Help As Democrats Continue Run From Obama

    As Democrats continue to distance themselves from President Obama ahead of the midterm elections, Republicans are rallying around firebrands in their party — especially Senator Rand Paul of Kentucky. According to a piece published in Breitbart this week,... Read More >>

    Ted Cruz: Run A Moderate Republican In 2016 If You Want Hillary To Win

    Many conservative voters decried Mitt Romney’s nomination as the GOP presidential candidate in the 2012 election, calling the former Massachusetts governor too moderate to excite right-leaning voters. Sen. Ted Cruz (R-Texas) appeared to agree with those... Read More >>

    Chicago PMI Smashes Expectations, Jumps To 12-Month High

    Despite plunging consumer spending, Chicago PMI surged to 66.2 (against expectations of 60.0), its highest in 12 months. This is above even the highest economist estimate and is a 4-sigma beat having been at one-year lows just 3 months ago. Click to read... Read More >>

    Charting Banzainomics: What The BOJ’s Shocking Announcement Really Means

    Still confused what the BOJ's shocking move was about, aside from pushing the US stock market to a new record high of course? This should explains it all: as the chart below show, as a result of the BOJ's stated intention to buy 8 trillion to 12 trillion yen... Read More >>

    Despite Surprise Rate-Hike, Russian Ruble Crashes Most In 6 Years

    Yesterday's record-breaking surge in the Ruble appears, as we warned, to have been front-running today's rate-hike announcement... and despite its surprise size, it is disappointing the market. The 5%-plus swing higher in the Ruble yesterday has been notably... Read More >>

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