Global policymakers may finally be able to spur long-sought inflation, if they just wait. That’s because across the globe, the post-World War II baby boom generation is getting ready to leave the workforce in droves, potentially spurring what many economists have said is the missing link: Wage growth. Maurice Obstfeld, economic counselor and director of […]
Read moreWhen a brutal, communist dictatorship is able to attract tourists, the most obvious question is: Who? North Korea was isolated further Friday as the United States that it will ban its citizens from visiting the country. Given the worrying headlines that consistently swirl around the Democratic People’s Republic of Korea, common sense suggests that you’d […]
Read moreThe diamond industry is expected to grow in coming years on strong demand from China, India and the U.S., but there is a key hurdle ahead: millennials. Speaking with CNBC’s “Street Signs” last week, Charles Rosario, senior vice president of Lazare Diamonds, reflected on the role the millennial generation — broadly defined as those born […]
Read moreChina’s military has set up a new department modelled on the Pentagon’s hi-tech research agency to develop state-of-the-art weapons such as stealth aircraft and electromagnetic cannons. The Scientific Research Steering Committee was set up early this year, according to a documentary aired on state broadcaster CCTV that revealed the new department for the first time. […]
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