It was a hot day much like this one back in August 1762. An overweight British bureaucrat in his mid-forties, who preferred to sit on his butt and gamble, as many Londoners knew, got hunger. His name was John Montagu and he was rich, had the title of Earl, was falsely empowered and as a […]
China’s Middle Class
China’s Middle Class Economic pundits are coming to grips with a new global realty check. The realization that industrialized double digit export growth in China is unsustainable. However, that has not deterred Chinese policymakers from eyeing new sustainable growth strategies to propel China into the preeminent world economic power. One secret weapon could […]
Change Happens (Part 2 of a 3-part series)
Encore Performance from 2003 Change Happens Part 2 of a 3-part series On January 1st 1999 a new reserve currency called the “Euro” was introduced and by July 16th 2002 the Euro would become the strongest currency in the world. September 19th 2000, China with its 1.2 billion citizens was granted permanent normal trade relations status […]
John Dillinger Public Enemy #1
As temperatures around the country hit scorching highs, I try to remember it could be worse. Like in 1934 when much of the U.S. was trapped in a heat wave. In Chicago temperatures soared above 100 degrees so it made sense for Polly Hamilton a divorced waitress, to take in an air-conditioned movie. She […]
True Economic Engines of Growth
The True Economic Engines of Growth By Kevin J. Palmer under American Dream accumulated wealth, american income, China Economic projections for muted growth in China have thrown global markets into a frenzy. Volatility and fast markets have been the order of business for global exchanges as of late. On Wall Street last week stocks suffer their second worst mid-year low since […]
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