1 March, 2015 by The TZ Newswire Staff Comments Off on Guest Post: The 145 Solution – Sapience, Not Sentience
Guest Post: The 145 Solution – Sapience, Not Sentience
In the modest and unassuming manner natural to this column, I advance a small proposal for the emendation of such tatters of the Constitution as can be found:
For voting in federal elections, we should employ a literacy test to disenfranchise the majority of the population, to the infinite betterment of the country. This wise move should be accompanied by an increase in the voting age to twenty-five.
1 March, 2015 by The TZ Newswire Staff Comments Off on Craig Stephen’s This Week in China: Hong Kong’s rich-government, poor-growth economy
Craig Stephen’s This Week in China: Hong Kong’s rich-government, poor-growth economy
Hong Kong features an unusual combination of a rich government and weak economic growth, and as Craig Stephen explains, this is largely a function of the territory’s powerful property market.
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1 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Huawei hopes to take a bite out of Apple’s smartwatch push
The Wall Street Journal: Huawei hopes to take a bite out of Apple’s smartwatch push
China’s Huawei Technologies Co.
1 March, 2015 by The TZ Newswire Staff Comments Off on Corruption Crackdown Costs – Macau Casino Revenues Collapse "Shockingly Bad" 53%
Corruption Crackdown Costs – Macau Casino Revenues Collapse "Shockingly Bad" 53%
Despite a 7% rise in actual tourist arrivals to Macau from China during this Lunar New Year’s holiday, ‘The Year of The Goat’ is off to an extremely inauspicious start. As Bloomberg reports, even with expectations of a 40% drop, Macau casino revenues is now projected to crash a stunning 53.5% from last year.
1 March, 2015 by The TZ Newswire Staff Comments Off on Asia stocks edge up on China rate cut, dollar index at 11-year high
Asia stocks edge up on China rate cut, dollar index at 11-year high
Asian stocks edged higher on Monday as China’s weekend interest rate cut partially offset soft U.S. data, while the dollar hit an 11-year high against a basket of currencies. China on Saturday stepped up its easing tempo and cut its lending and deposit rates as the world’s second largest economy tries to ward off deflation. Australian shares posted some of the biggest gains in Asia following the China rate cut, gaining 0.6 percent (.AXJO) after touching a seven-year peak as resource shares surged.
1 March, 2015 by The TZ Newswire Staff Comments Off on China February HSBC PMI at seven-month high
China February HSBC PMI at seven-month high
Activity in China’s factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will be needed. Chinese policymakers are embarking on their biggest easing campaign since the depths of the global crisis as the world’s second-largest economy is weighed down by a cooling property market, high debt levels and excess factory capacity.
1 March, 2015 by The TZ Newswire Staff Comments Off on Oil falls on supply concerns; pick-up in China manufacturing helps
Oil falls on supply concerns; pick-up in China manufacturing helps
Oil stayed in the red on Monday on supply concerns despite partly recovering from earlier losses after a private business survey showed an improvement in China’s manufacturing sector in February. “The key drivers over the next few months are going to come from supply dynamics more than demand dynamics,” said Ric Spooner, chief market analyst at CMC Markets in Sydney. Brent crude (LCOc1) was down 34 cents at $62.24 a barrel by 2248 ET after an 18 percent gain in February, the largest monthly rise since May 2009.