The Pope’s visit to Cuba is of course a test of the regime: how much of a crackdown will it undertake to prevent him from seeing a single demonstrator or dissident? But it is also a test of Pope Fra…

In the Financial Times, former U.S. Treasury Secretary and Director of the National Economic Council Lawrence Summers writes that 2013 is the year the U.S. tax code should undergo a major overhaul. "…

OK, we don’t know how much corporate profits increased  But 29% increase in China’s corporate tax revenues in 2006 tops the 22.2% y/y increase in US corporate tax revenues so far FY 2007  … I thi…

Please allow me a bit of latitude.  China won’t add $500b to its reserves in 2007 for the simple reason that the central bank will sell some of its reserves to the state investment company.  Moreover…

China now exports more than it imports – a lot more.   Even most American economist are starting to recognize that the “China runs a surplus with the US but its overall trade is balanced” argument is…