Alibaba Looks West
Washington may once again be careening toward an abyss of its own making. It makes good theater, but for now we don't know how or if it will fundamentally shape our lives. So what will? Half a world away, a Chinese company is considering a public offering.
Read moreHas China's Business Climate Cooled To U.S. Firms?
Google recently anounced it is moving part of its operations to Hong Kong; and harsh corruption sentences have been handed down to China-based executives of the British-Australian firm Rio Tinto. Zachary Karabell, author of Superfusion tells Renee Montagne that the recent events don't mean the business environment is souring for foreign firms in China.
Read moreIT’S A SMALL WORLD AFTER ALL
If there is one ubiquitous piece of financial advice, it is this: invest in different markets. Each month, the major private wealth banks in the world publish their recommended allocations. They might suggest putting 60 percent in stocks, and in turn breaking that down into U.S., European and emerging-market stocks, and an additional 40 percent in bonds, varying from U.S. Treasuries to municipal notes.
Read moreHong Kong, Doha, and the WTO - Huh?
In the continued interest of counter-programming, let’s turn our attention away, for a moment, from the fascinating saga unfolding in Washington. And it is fascinating — and disturbing — no doubt. But a world away, another saga is unfolding, one which, like the rise of China as an economic behemoth, is shaping everyday life in more prosaic, but probably more significant, ways than anything that George Bush does or does not do with the latest golly-gee technologies of the NSA.
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