10,428 Results for:

October 10, 2019

Sub-Saharan Africa
Rich People and Wealth in Africa

Rich people are everywhere, and they can have something to say about the level of economic development in their home countries. Afrasia Bank and New World Wealth have just published the 2019 Africa Wealth Report, which includes North Africa and African island states in the Atlantic and Indian Oceans. It identifies the continent’s six wealthiest cities, defined as total individual private wealth—equities, real estate, businesses—less liabilities. They are Johannesburg, Cape Town, Cairo, Lagos, Durban, and Nairobi.

Visitors walk past a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building

October 10, 2019

Economics
Housing Market Points to Recession By Election Day

Looking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices and household income—as can be seen in the main graphi…

Housing Market Points to Recession By Election Day

October 10, 2019

Southeast Asia
A Review of “The Hidden History of Burma: Race, Capitalism, and the Crisis of Democracy in the 21st Century”

By Hunter Marston and Joshua Kurlantzick Hunter Marston is a doctoral candidate at Australian National University. In the run-up to Myanmar’s elections next year, there is little positive news …

Myanmar Author Thant Myint-U speaks during the DSC Jaipur Literature Festival (JLF) in Jaipur on January 23, 2012.

October 10, 2019

China
Game On: The NBA Runs Afoul of China but Scores Big

The facts are not in dispute. On October 6, Houston Rockets General Manager Daryl Morey tweeted: “Fight for Freedom: Stand with Hong Kong,” igniting a political firestorm in Beijing. Other Rockets he…

Fans in LeBron James jerseys pose for pictures with Chinese flags near security personnel outside the Mercedes-Benz Arena before the NBA exhibition game between Brooklyn Nets and Los Angeles Lakers in Shanghai, October 10, 2019.

October 9, 2019

India
Xi Jinping to India: Mamallapuram Edition

The Indian government announced today that Chinese President Xi Jinping will visit India later this week for an “informal summit” with Prime Minister Narendra Modi beginning October 11. The leader-le…

Modi and Xi in China

October 9, 2019

Sub-Saharan Africa
The Origins of African States, and Their Names

An article on the origins of the names of African countries was recently published in Quartz. It includes a map of the continent in 1885, shortly after the Berlin Conference. Portuguese and Arabic traders and explorers are the origins of some names, European mispronunciation of tribal names are the origins of others.

A bird flies in front of Mount Kenya on the horizon in Laikipia national park, Kenya.

October 9, 2019

Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank

Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…

fig 19

October 9, 2019

China
China’s Repression of Uighurs in Xinjiang

More than a million Muslims have been arbitrarily detained in China’s Xinjiang Province. The reeducation camps are just one part of the government’s crackdown on Uighurs.  

An ethnic Uyghur shopkeeper works next to a Chinese flag at his shop on June 29, 2017 in the old town of Kashgar, in the far western Xinjiang province, China.

October 8, 2019

North Korea
Why U.S.-North Korea Talks Failed Again

Denuclearization talks over the weekend ended in another stalemate, and it remains to be seen if negotiations will resume in the coming weeks.

October 8, 2019

Taiwan
Could Taiwan’s Commercial Banks Cover the Lifers' Hedging Need? (Part 4)

Who is on the other side of the massive ($250 billion) hedging need of Taiwan's life insurance industry? The local banking system covers at most a quarter of the life insurers hedging need, and forei…

fig 3