The principle, according to the Chinese, is straightforward, writes University of Edinburgh senior lecturer Kristen Hopewell: “If foreign multinationals are going to reap large profits from producing and selling goods in the massive Chinese market, then the country should be able to harness that investment to aid its own national development.” The government views the program as helping bridge its way to the developed world. Hopewell notes the country has a long way to go: “Average per capita income is just $8,000 compared to $56,000 in the United States. Although China has achieved remarkable success in fostering economic development and reducing poverty, it still faces immense challenges in boosting incomes to anywhere close to the level of advanced economies.” … [Read more...] about The Finance 202: Beijing trade talks conclude with no progress. Get ready for a long slog.
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Gallagher, who left teaching to become one of the first employees at the education tech startup ClassDojo, said city leaders need to be aware of ever-evolving new technology as plans for the Diridon area move forward. How will something like Hyperloop, an idea initially conceived by Tesla’s Elon Musk to move people at quick speeds using pressurized capsules that increasingly appears plausible, or flying cars affect those plans, Gallagher asked. … [Read more...] about San Jose City Council candidates face off over homelessness, transportation
TrendingTrump Engaged in Suspect Tax Schemes as He Reaped Riches From His FatherOpinion: The Senate Should Not Confirm Kavanaugh. Signed, 1,000+ Law Professors (and Counting).Senate Republicans Ready for Confirmation Vote, Ahead of F.B.I. Review In Risky Shift, Trump and G.O.P. Directly Assail Kavanaugh’s Accuser11 Takeaways From The Times’s Investigation Into Trump’s WealthOpinion: Three Questions for Judge KavanaughPlanning to Vote in the November Election? Why Most Americans Probably Won’tOpinion: Oh No, Trump Is Buzzing!Opinion: The Trump CircusElon Musk’s Ultimatum to Tesla: Fight the S.E.C., or I Quit … [Read more...] about On Politics: Republicans Condemn Trump’s Mockery of Kavanaugh Accuser