In spring 2020, state and local governments were confronted with cascading costs in managing the public health response to the pandemic, spiking unemployment, and steep sales tax and user fee revenue declines resulting from business disruption and restrictions. The situation appeared dire. During the second quarter of 2020, from April to June, the U.S. Government…
Watchdog Warns States Blowing ‘Budget Surpluses’ on Wants Not Needs
April 15, 2022
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2022 Mid-term electionseconomygovernment debtPolicies & ImpactsPoliticsState budgetsTruth-in-AccountingUncategorizedUSUS News
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US Registers $119 Billion Monthly Budget Surplus As People Get Back to Work
The United States government has posted a budget surplus for January 2022, the first time in over two years, displaying a considerable change over the deficit registered during the same month last year as government revenue collection improved post-pandemic. For January 2022, the United States posted a $118.70 billion surplus, up from a deficit of…
South Korea’s Debt Growth Projects Fastest Among Developed Countries, Citing Super Aging Population
November 11, 2021
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aging populationAsia & PacificBusiness & Economydebt-to-GDPEconomiesgovernment debtlow birth ratesSouth KoreaWorld
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South Korea’s debt-to-GDP ratio is projected to grow at the fastest pace among the world’s 35 most advanced economies over the next five years, and its potential GDP growth rate from 2030 to 2060 is also projected to be the lowest among the 38 OECD member countries. According to the International Monetary Fund’s (IMF) latest…
The CCP Is Still Fooling Around With Its Economic Lies
Commentary The Chinese Communist Party (CCP) has relied on a series of economic lies to sway many people’s perceptions of the current situation. In this article, we look at some of the biggest lies and present the true picture behind those lies. The First Economic Lie: Development Is the Absolute Principle In the past decades,…
When It Comes to China, Western Media Often Sees Economic Strength When There Is Weakness
June 8, 2021
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China’s top-down centralized economic systemgovernment debtgreat economic wasteincorrect centralized decisionOpinionThinking About ChinaViewpoints
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Commentary Too frequently western media misses the weakness implicit in China’s top-down centralized economic system. Indeed, reporters and commentators with a frustrating regularity describe those weakness as strengths. They will write with awe about Beijing’s grand projects—miles of high-speed rail, for example, phalanxes or shinny locomotives staggered artfully for the photo opportunity, cities that have…
Europe’s Debt Cancellation Would Mean Recognition of Insolvency
Commentary More than 100 economists, led by French economist Thomas Piketty, creator of some of the most absurd proposals embraced by the extreme left, on Feb. 5 published an open letter in which they called for a cancellation of government debt in the hands of the European Central Bank (ECB) “in exchange for greater public…
Chinese Liquor Giant’s Stock Falls as Free Handover of Shares to Local Government Draws Scrutiny
January 20, 2021
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BusinessCapital GroupChinaChina Business & EconomyChina SocietyChinese RegimeCompaniesgovernment debtGuizhouGujing GongjiuKweichow MoutaiLaobaiganjiuLuzhou LaojiaoMaotai baijiu
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Stock prices for Chinese liquor brand Kweichow Moutai have fluctuated for four consecutive trading days, causing losses to its 100,000 shareholders. Meanwhile, Moutai and other liquor giants have recently given a large amount of their stock shares to local governments that are heavily in debt. These transactions have attracted attention from Chinese media outlets. Kweichow…
Chinese Liquor Giant’s Stock Price Plummets After Free Handover of Shares to Local Government
January 20, 2021
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BusinessCapital GroupChinaChina Business & EconomyChina SocietyChinese RegimeCompaniesgovernment debtGuizhouGujing GongjiuKweichow MoutaiLaobaiganjiuLuzhou LaojiaoMaotai baijiu
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Stock prices for Chinese liquor brand Kweichow Moutai have fluctuated for four consecutive trading days, causing losses to its 100,000 shareholders. Meanwhile, Moutai and other liquor giants have recently given a large amount of their stock shares to local governments that are heavily in debt. These transactions have attracted attention from Chinese media outlets. Kweichow…
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