Why No One Trusts China's Markets (Yet)
Earlier this summer, China's top securities regulator said that it would take the rare step of delisting a company from Shenzhen's ChiNext board. Its offense: falsifying IPO documents. Christopher Balding says this crackdown on fraud is welcome, but it might not be enough to fix Chinese markets' credibility problem.
In a Normal Election, We'd Be Talking Taxes
The issue is serious; the candidates' differences are clear. (Just one example: The Clintons would pay $224,000 more in taxes under Hillary's plan, and $1.7 million less under Trump's.) Albert R. Hunt says substantive debate on tax policy is long overdue.
The Brexit Question That Nobody Asked
With or without Britain, where is the European Union headed? Nowhere good, according to Mervyn King, former governor of the Bank of England, and Clive Crook is inclined to agree. The EU is structurally unsound and lacking in popular support, Crook says, and not even its strongest defenders seem to have a plan for its future.
Another Reason to Cheer for Local U
Higher education pays off for students, and apparently it does for communities, too. Stephen Carter says new research shows regions with universities have stronger economies than those without (and not just because they have better-educated workers).
The Fed's Impact on Black Americans
Central-bank policy makers try to do what's best for the nation as a whole, but their choices don't affect white and black Americans equally. Narayana Kocherlakota applauds the Federal Reserve for paying more attention to a long-neglected issue.
- The end of brawn and the future of work (The Atlantic)
- Walmart's out-of-control crime problem is driving police crazy (Businessweek)
- The painkillers that could end the opioid crisis (MIT Technology Review)
(Read Barry Ritholtz's full daily news roundup.)
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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.