May 17, 2021

NY Times: China in ‘Biggest Borrowing Binge’ in history

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By F McGuire From Newsmax   China is in the midst of one of the biggest borrowing binges in history, which is eerily similar to that of the United States before the 2008 financial crisis. China’s pile of public and private debt soared to $26.6 trillion in 2015, “about five times what it was a decade […]

Some CEOs are being paid too much simply by accident

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By Noah Smith By Newsmax Why are chief executive officers paid so much? Although skyrocketing CEO pay is not a substantial factor behind the increase in income inequality, it is certainly startling. The average U.S. CEO now makes about 350 times what the average worker makes. That means CEOs typically make in one day what […]