When firms raise prices, “gouging” their customers, many governments complain. Some cannot resist intervening. But in today’s China, the opposite is happening. In May the state reprimanded carmakers not for raising prices, but for cutting them. “There are no winners in this price war,” it said, blithely ignoring the happy customers who can now buy a zippy electric car for less than $8,000.
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 385.88 points or 0.87% to...
Treasury Secretary Scott Bessent said Thursday that U.S. economic growth could be hurt by the government shutdown."This isn't the way...
For some reason, urban planning has become a hot topic on social media. Even more strangely, it has become ideologized....
The recent indictment of James Comey has galvanized the usual suspects of the Washington establishment, who have reacted predictably to...
This is Naked Capitalism fundraising week. 554 donors have already invested in our efforts to combat corruption and predatory conduct,...
Taiwan will lose protection if it fails to move semiconductor chip manufacturing to the United States. The nation must determine...
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