Chinese textile firms are now opening new factories, not in China but in the American South. With the steep rise in the wages of Chinese workers and the stagnation (at best) of the wages of American workers—Southern workers most particularly—and with the higher levels of productivity and lower energy costs in the South, it is …
Continue reading ‘South Carolina wages lower than in China’ »
I always thought my mathematics were a bit weak, and that teaching at my school on this subject was poor, until I read an article in the New York Times of February 28th 2016 by Andrew Hacker. The author quoted a national survey that found that 82% of all Americans could not compute the cost …
The U.S. is ranked 41 out of 180 countries in the Reporters Without Borders’ World Press Freedom Index, which measures the “level of freedom of information in 180 countries.” It moved from 49 in 2015 to 41 this year, although the “relative improvement by comparison hides overall negative trends”. Citing the U.S. government’s “war on whistleblowers who …
George Soros is worried about the outlook for the global economy and concerned that large market shifts may be at hand. The billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments. The Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and …
The Guardian reports that the number of rough sleepers across England has doubled, and there are some 3,600 sleeping on the streets every night. This is put down to rising rents, cuts to government housing benefit allowances and a 45% reduction of the help offered by local councils to avoid homelessnes. 40% of the rough …
