Worldcrunch
–Editorial- BEIJING – It is a well-known fact that Chinese people don’t like to spend money. Since the 1998 financial crisis, China’s policy makers have been trying to expand domestic demand, and in particular Chinese consumption, to let the “caged tiger” loose. In other words, it is time that people dig into their savings. Since […]
PANAMA CITY – Panama’s fiscal incentives are luring more and more people to its shores: multinationals, retirees in search of sun and investors seeking new opportunities. Real estate prices are ballooning into a mini Manhattan-on-the-Pacific. The latest notable arrival is PKB Privatbank, the first private Swiss bank to open a “banking center” in Panama City. […]
NEW YORK TIMES, WASHINGTON POST, MOTHER JONES (US), FINANCIAL TIMES (UK) Mitt Romney’s campaign team hastily scrambled together a press conference late Monday night to respond to a leaked video, in which the Republican candidate labels 47% of Americans as “people who pay no income tax” and are “dependent upon government.” Romney said he stands […]