The American economic system is focused on maximizing shareholder returns. And it’s achieving that goal: on Friday, the S&P 500 notched a new all-time high. But average Americans have seen no significant gains in their incomes for four decades, adjusted for inflation.
China’s trade war with the United States has tended to dominate the news agenda in the past year. But a bigger challenge for Beijing could be the threat of a water crisis which would submerge the world’s second-largest economy and wash away growth. Two reports by Greenpeace East Asia and Chinadialogue.net, an independent, non-profit organization, have highlighted the risks that President Xi Jinping’s administration faces because of climate change and homegrown pollution.
Google bosses have forced employees to delete a confidential memo circulating inside the company that revealed explosive details about a plan to launch a censored search engine in China, The Intercept has learned.
In China’s remote western province of Xinjiang, the Chinese government has begun constructing a series of internment camps larger than anything the world currently knows. Meant to house upwards of a million — and potentially more — of the region’s indigenous Muslim minority, known as Uyghurs, the camps, according to one U.S. commission studying the region, present the “largest mass incarceration of a minority population in the world today.”