Once upon a time there was a group of people. They were a small group and they all were like family, (actually in those days they pretty much were all family but no matter), because of this they trusted each other and were willing to forgive each others shortcomings. In this group everyone contributed as
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China is trying to make the transition to a consumer based economy, but they face a hurdle which will take decades to overcome. Since China has had no social safety nets to speak of they have an economy which requires a great deal of personal savings. The Chinese system must make people feel more secure
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O.k. a rather inflammatory title, but bear with me, let’s think about this for a moment. If we take a big picture view of the forces which are shaping the global economy it may be possible to make the argument that income and wealth Inequality serve a purpose. This would be primarily because in an
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