AMERICAN manufacturers complain that China undervalues its exchange rate. But which one? The nominal exchange rate is now 6.67 Yuan to the dollar, having strengthened by almost 2% since September 5th (when Larry Summers, an adviser to President Barac

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PITY the engineers responsible for keeping Americas coal-fired power plants up to standard. a court halted the adoption of new regulations on that would have affected lots of themjust two days before they were due to go into force. The suspended regu

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GEORGE BUSH wanted to close it. So did John McCain. And Barack Obama promised to do so within a year of taking office. But nearly three years since then, and ten years after the first inmates stepped through its barbed-wired gates in January 2002, th

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THE flow of oil from cracks in the seabed off the coast of Rio de Janeiro has long since slowed to a mere trickle. Not so the retribution against Chevron, an American oil company that was drilling in the Frade oilfield on November 7th when a sudden r

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THAT city will, in the course of time, become the granary of the world, the emporium of commerce, the seat of manufactures, the focus of great monied operations, predicted DeWitt Clinton, governor of New York in 1824. He was speaking about the effect

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SINCE the 2010 mid-term elections, tea party Republicans have enjoyed influence out of proportion to their numbers. They forced Barack Obama and congressional Democrats to accept spending cuts without any tax increases to keep the government from shu

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JANUARY is a busy month in capitals across America. New laws are implemented; Congress and legislatures reconvene, hoping to pass more. If ones political party is in the minority, this is a terrifying prospect. For opponents of abortion, the outlook

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AMERICANS looking for a new car nowadays often use online price-comparison sites such as AutoTrader, Edmunds and eBay to find the best deal. Most such sites charge dealers a small fee for passing on sales leads from shoppers who have submitted their

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EVERYONE complains that corporate America is reluctant to hire additional workers. Far less attention has been paid to the flip side of the jobless recovery: the remarkable improvement in American productivity. How long can this continue? I see no li

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ONE of the unforgettable experiences to be had in California is to go whale watching in Monterey Bay. Nancy Black, a licensed marine biologist, is one of the scientists who lead these commercial outings, besides doing her own whale research. As Lawre

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RICH rewards for departing bosses are not popular. After Sir Fred Goodwin led Royal Bank of Scotland into a ditch and dumped the bill on British taxpayers, he left with a pension of over ?700,000 ($980,000) a year. The Sun, a tabloid, said he had scr

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BEFORE the European Union summit on January 30th, Italys new prime minister, Mario Monti, will have visited the German chancellor, Angela Merkel, the French president, Nicolas Sarkozy, and the British prime minister, David Cameron, whom he saw on Jan

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A FREIGHT train, its dozen cars loaded with coal covered in a light dusting of snow, snaked through the narrow valley, sometimes following the two-lane highway and sometimes crossing it. The valley was silent and snowy, and though it was two days int

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DOES raising taxes on those who are doing well economically stifle growth and slow down the recovery? That depends on how rich people behave when their taxes rise. Do they work less when they are allowed to keep a smaller chunk of their income? Do th

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FOR the chief executives of Deutsche Boerse (DB) and NYSE Euronext, this weeks hobnobbing in Davos was strictly business. A $9.5 billion plan to unite the two exchanges was derailed in early December when European Commission staff revealed they were

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FOR four years New York was adrift. When Eliot Spitzer, a crusading lawyer, became governor in 2007, his uncompromising ways caused political gridlock in Albany, the state capital. Just over a year later, he was caught frolicking with a prostitute an

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THE young must shout if they want to be heard. In a stone hangar in the old port of Jaffa, 30 entrepreneurs have five minutes each to present their start-up companies to a panel of digital luminaries and an audience that includes potential investors.

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Chicagos budget 芝加哥财政预算 Reality bites 陷入水深火热之中 How to slash a deficit without raising taxes 如何大幅削减赤字,又不提高税收 Promises to keep 恪守承诺 AT ABOUT 8.30am on Saturday October 15th, close to t

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Back to basics 节能以人为本 Energy efficiency is not very flashy. That may be a selling point 能源增效并不那么高高在上,也许它还是个卖点。 Hope those are energy-saving bulbs 希望大家都使节能灯泡 WHEN Richard Sanc

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The cradle will rock 摇篮将覆 Lynne Ramsay has crafted an elegant adaptation of a tricky book 琳恩?拉姆塞将一本难处理的书精心改编成了一部优雅的作品 WHAT is more taboo than a woman who is repulsed by her own child? This i

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