China cutting overcapacity

The Chinese are getting serious about addressing overcapacity that has developed in industry, according to statements released by the state press. This should be seen as a positive development given concerns about a bubble in property and…

News from around the web: 2009-08-27

July U.S. new home sales jump most in four years Sales increased 9.6%, the most since February 2005, to a 433,000 annual pace, figures from the Commerce Department showed Wednesday in Washington. The number of houses on the market…

Edward Moore Kennedy: 1932-2009

Senator Ted Kennedy died last night after a year's battle with cancer. However one might feel about his politics, one must admit that Ted Kennedy had a remarkable life, one that is celebrated in the video clip below.

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