When firms raise prices, “gouging” their customers, many governments complain. Some cannot resist intervening. But in today’s China, the opposite is happening. In May the state reprimanded carmakers not for raising prices, but for cutting them. “There are no winners in this price war,” it said, blithely ignoring the happy customers who can now buy a zippy electric car for less than $8,000.
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 1,085.73 points or 2.12% to...
Shoppers carry Macy's and Nordstrom bags at Broadway Plaza in Walnut Creek, California, US, on Monday, Dec. 16, 2024. The...
Part the First: Where Have All the Grownups Gone? Corey Robin is always worth reading (the first edition of The...
There is a certain genius in simplicity and clarity. Conceptual and written clarity is one of the aspects of the...
“Expert failure” is clearly having a moment. Pollsters, Wall Street analysts, tech futurists… all are facing demands to reckon with...
How SOS Became the Universal Distress Signal Laughing Squid Dictionary.com’s word of the year is ‘6-7.’ But is it even...
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