Wednesday Briefing: China’s Economy Grew Faster Than Expected

Wednesday Briefing: China’s Economy Grew Faster Than Expected

Good morning. We’re covering unexpected growth in China’s economy and possible new U.S. sanctions on Iran. Plus, Australia’s feral cat problem. China’s economy grew more than expected China’s National Bureau of Statistics said yesterday that the economy grew 1.6 percent in the first quarter over the previous three months, despite a severe real estate crisis … Read more

Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

Fed Chair Powell says there has been a 'lack of further progress' this year on inflation

Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its … Read more

How the Sewol Sinking Changed South Korea

How the Sewol Sinking Changed South Korea

The South Korean ferry MV Sewol capsized off the southwestern coast of the peninsula on the morning of April 16, 2014. Sewol’s departure from the port of Incheon the night before had been delayed by nearly two-and-a-half hours, due to a thick, persistent fog. Sewol commenced its journey shortly after the low visibility warning was … Read more

A Wealthy Democratic Representative Is Among Top Self-Funders in Senate Primary History

A Wealthy Democratic Representative Is Among Top Self-Funders in Senate Primary History

Representative David Trone, a Democrat who apologized for using a racial slur during a recent House committee meeting, has poured nearly $42 million from his personal fortune into his Senate bid in Maryland, according to the latest federal quarter filings, putting him among the top self-funders in Senate primary history. Mr. Trone, who founded and … Read more

Open Society Foundations Closes Down Kyrgyzstan Operation

Kyrgyz Opposition Leader Madumarov Again Under Pressure

On April 15, two weeks after Kyrgyz President Sadyr Japarov signed the “foreign representatives” bill into law, the Open Society Foundations cited the law in its announcement that it would close its Kyrgyzstan foundation after 31 years. The Open Society Foundations, formerly the Open Society Institute, is a grantmaking network founded by George Soros. According … Read more