Those enthusiasts about China’s perky economy should heed the warnings of Premier Wen Jiabao on the dangers of overinvestment producing another economic bubble.
Those enthusiasts about China’s perky economy should heed the warnings of Premier Wen Jiabao on the dangers of overinvestment producing another economic bubble, writes The Washington Post’s David Ignatius. China watchers need to look more closely as its biggest problem is that its growth is unstable, Wen cautioned during a press conference two years ago. Last week he echoed these sentiments again, saying "We still face a very complex situation," in reference to what Ignatius calls "the twin dangers of overheating at home and the global recession abroad". He continues: "The rise of China is one of the blessed miracles of modern economic history. But Chinese leaders know they cannot repeal the economic laws of gravity. As the economist Herbert Stein observed decades ago, ‘"If something is 'unsustainable,' that means it won't be sustained.’ That is surely true with the unbalanced, export-led growth that has powered China's ascent."
These five main food groups are important for your brain's health and likely to boost the production of feel-good chemicals.
We all know eating “healthy” food is good for our physical health and can decrease our risk of developing diabetes, cancer, obesity and heart disease. What is not as well known is that eating healthy food is also good for our mental health and can decrease our risk of depression and anxiety.
Infographics show the classes and anxieties in the supposedly classless U.S. economy.
For those of us who follow politics, we’re used to commentators referring to the President’s low approval rating as a surprise given the U.S.'s “booming” economy. This seeming disconnect, however, should really prompt us to reconsider the measurements by which we assess the health of an economy. With a robust U.S. stock market and GDP and low unemployment figures, it’s easy to see why some think all is well. But looking at real U.S. wages, which have remained stagnant—and have, thus, in effect gone down given rising costs from inflation—a very different picture emerges. For the 1%, the economy is booming. For the rest of us, it’s hard to even know where we stand. A recent study by Porch (a home-improvement company) of blue-collar vs. white-collar workers shows how traditional categories are becoming less distinct—the study references "new-collar" workers, who require technical certifications but not college degrees. And a set of recent infographics from CreditLoan capturing the thoughts of America’s middle class as defined by the Pew Research Center shows how confused we are.
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