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Baltic Index president Jeremy Penn cautions that shipping rates can sometimes fluctuate dramatically, and are often driven by specific factors such as carrier availability in key locations. Indeed the current boost is best explained by Chinese steel production demand and a shortage of the Capesize vessels to haul the iron ore. Penn notes that it is not yet clear whether the core manufacturing that is turning again in China is linked to coming export demand or domestic infrastructure investment. "There are always quirks in the pricing," he notes. "And at the moment it seems a very China-centric market." (Read...
...Arithmetic aside, the idea of taxing employer-provided health insurance as income has plenty of merit. The current system is regressive, with three-quarters of the tax break going to those who are in the top half of the income-distribution scale. And because these more privileged Americans are not buying health care with after-tax money, they have less incentive to use it carefully...
...another. What's your take on that notion? When Adam and I set out to write the book, of course, we had absolutely no idea that we were going to be publishing it in the middle of a global financial meltdown. Pushing the book out into the current situation has been fascinating because there's clearly a great deal of moral questioning going on and a lot of anxiety about the mentalities that have been encouraged over the last quarter-century: this whole "greed is good" and "me first" and the kind of triumphalism that has accompanied capitalism...
...meet at a time of tension between the United States and Muslims around the world - tension rooted in historical forces that go beyond any current policy debate. The relationship between Islam and the West includes centuries of co-existence and cooperation, but also conflict and religious wars. More recently, tension has been fed by colonialism that denied rights and opportunities to many Muslims, and a Cold War in which Muslim-majority countries were too often treated as proxies without regard to their own aspirations. Moreover, the sweeping change brought by modernity and globalization led many Muslims to view the West...
...Others aren't so sure that the lid can be kept on the numerous problems causing unhappiness in large chunks of Chinese society. Cheng of Brookings, for one, believes the current lockdown can't last. "After one or two years, it will be impossible to keep quiet all the complaints about problems with the environment and corruption and so on," he says. "This can't go on forever...