by Harvard Zhang | Jul 14, 2016 | Business & Tech
WASHINGTON — China is likely to fall into the same economic trap as Japan did to muddle along with sluggish growth as it hesitates to deal with the overcapacity and excess debt issues, economists told a Senate hearing Thursday. A further slowdown in the Chinese...
by Katie Murar | Jul 13, 2016 | Business & Tech
WASHINGTON — Businesses are pushing back at Obama White House proposals aimed at eliminating corporate inversions, a controversial strategy in which companies merge with foreign firms to escape higher U.S. corporate taxes. At an event in Washington, tax experts...
by Harvard Zhang | Jul 12, 2016 | Business & Tech
WASHINGTON — Puerto Rico Governor Alejandro Garcia Padilla suggested Tuesday the commonwealth’s central government may not be able to borrow from the $3.7 trillion municipal bond market any time soon, as the uncertainty of restructuring the island’s $70 billion debt...
by Harvard Zhang | Jul 11, 2016 | Business & Tech
WASHINGTON — A top economic adviser to President Barack Obama Monday said Congress should reform unemployment benefits to protect workers in the event of another recession. Jason Furman, chairman of the White House Council of Economic Advisers, stressed the importance...
by Katie Murar | Jul 11, 2016 | Business & Tech
Health care experts Thursday claimed the recent spike in pharmaceutical drug prices comes from the sector that has no competition. Consumer spending on drugs “has gone from $350 billion to $450 billion a year, and it is going to continue to climb because we are in a...
by Harvard Zhang | Jul 7, 2016 | Business & Tech
WASHINGTON — A top economic adviser to President Barack Obama said Thursday that American manufactured goods compete well in the global market, but acknowledged the U.S. lags behind other countries in training workers for skills needed in today’s economy. “I get...
