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asiablues's picture

When Obama sets foot in China for the first time, he will confront a dramatically altered balance of power between China and the United States. This seismic shift is driven by China's astonishing economic growth over the past two decades and has accelerated during the global financial crisis. Its 9% to 10% annualized GDP growth rate in the past two and a half decades is unprecedented in world history.

Leo Kolivakis's picture

Risks Rising at the PBGC?

The Pension Benefit Guaranty Corporation on Friday said its potential exposure to future pension losses had increased to about $168 billion in fiscal 2009. The PBGC's ongoing deficits will require another massive bailout down the road. That's why Uncle Ben will let this bubble blow for as long as he possibly can.