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China's Stimulus Payoff

Yesterday I compared China's stimulus plan with our own. China made a major investment in public infrastructure but a key strategic part of that was that they focused on developing strategic industries. For example, because China's government has invested heavily...

Wall Street's Meltdown and Wealth's Maldistribution

The Great Recession, new research shows, has left wealth in the United States even more concentrated at America's economic summit. Average American households have been riding an economic roller coaster over the last quarter century. The stock market has boomed and...

Liveblogging The Goldman Sachs Hearing

10:00 Goldman Sachs CEO Lloyd Blankfein won't appear before Levin's committee until this afternoon, but his written testimony is here: http://hsgac.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=c5099cfc-f6f9-41cb-ad11-aac3dab82fe0 So is that of...

Lessons From China's Stimulus

China and the United States have both engaged in economic stimulus plans. This provides an opportunity to compare, and hopefully to learn. China's stimulus brought them through the economic crisis, even as they lost some exports because of the slowdown. They made the...

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