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Chinese firms going global

…a global trend, peaking and subsequently declining between 1990 and 2010. After the Cold War, the world eagerly entered what could be called a golden era of “hyper-globalization”, during which…

Current fiscal deficit hawks…oops!

Projected growth in spending on the federal government’s big health and retirement programs–Medicare, Medicaid, and Social Security–dominates the long-run budget outlook. If current policies continue, that spending is likely to…

What is the Economic Middle Class?

…to what the word “middle” actually means. Thinking about all this prompted a look at the various income quintiles.  The data, through 2009, is available at the Census Bureau web…