Interesting video on the Financial Times about poverty and inflation in Hong Kong. 7% of low income households live in apartments under 200 square feet.
inflation
Is China headed towards an economic crisis
Paul Krugman thinks so With efforts to cool the economy falling short, China has been trying to limit inflation with price controls — a policy that rarely works. In particular, it’s a policy that failed dismally the last time it was tried here, during the Nixon administration. (And, yes, this means that right now China [...]
What’s at Stake?
Several people sent me this link about what is at stake with the United States running $1 trillion deficits. The non-partisan Congressional Budget Office has also said the U.S. budget deficit will swell to a record $1.186 trillion in fiscal-year 2009 and come in at $703 billion in the 2010 fiscal year, which begins October [...]
