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China’s Fire Next Time

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China’s Fire Next Time

BEIJING – Earlier this year, rumors of China’s impending financial doom – triggered by either a housing-market crash or local-government debt defaults – were rampant. But, in recent months, the economy has stabilized, leaving few doubts about China’s ability to grow by more than 7% this year. Given that the Chinese government had ample scope for policy intervention, this turnaround should come as no surprise. But the moment of financial reckoning has merely been postponed, not averted.

 

The Ratings Revolution

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The Ratings Revolution

CAMBRIDGE – “Bonjour Monsieur, comment pourrais-je vous aider?” asks the obsequious concierge at my Paris hotel. I immediately wonder what happened to the city’s infamous haughtiness – especially toward American tourists. If the French capital is no longer Europe’s rudest city, we can perhaps thank the growth of online rating tools, such as TripAdvisor.

 

In Search of Convergence

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In Search of Convergence

CAMBRIDGE – One puzzle of the world economy is that for 200 years, the world’s rich countries grew faster than poorer countries, a process aptly described by Lant Pritchett as “Divergence, Big Time.” When Adam Smith wrote The Wealth of Nations in 1776, per capita income in the world’s richest country – probably the Netherlands – was about four times that of the poorest countries. Two centuries later, the Netherlands was 40 times richer than China, 24 times richer than India, and ten times richer than Thailand.

 

Visit to the Crematorium Center and How Corpses are Cremated

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Visit to the Crematorium Center and How Corpses are Cremated

It was a fateful Tuesday evening of August 20, 2014 when I chose to embark on a fact-finding mission to ascertaining whether seventeen Ebola patients who fled the densely popular West point quarantined center were traced based on the government’s pronouncement. I was in the Township of West Point to observe the center and take some photo, but upon my arrival, I could only see people gathered in different groups discussing with some police officers how to retrieve items looted on Saturday, August 17, 2014 from the quarantined center by looters from the township.

 

The High Cost of Cheap Meat

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The High Cost of Cheap Meat

BERLIN – Factory-style livestock production is a critical driver of agricultural industrialization. Its remorseless expansion is contributing to climate change, deforestation, biodiversity loss, and human-rights violations – all to satisfy Western societies’ unhealthy appetite for cheap meat.

 
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