Zhu Rongji’s personal history and political challenges made it highly unlikely that he would rise to the pinnacle of Chinese politics. Once there, he implemented many of the reforms that turned the country into an economic powerhouse.
It was a tough week for stocks, as investors navigated everything from escalating tensions in the Middle East to key tech earnings reports to healthcare developments. Logging their second straight weekly losses, the S & P 500 slipped 0.6%, while the tech-heavy Nasdaq fell 2.1%. Here’s a closer look at what drove the trading action….
Apple customers in the U.S. will soon be able to lease an iPhone for up to two years at a price starting at $17.99 per month, the company announced on Tuesday. The program, called Upgrade, is a partnership with Klarna, a provider of buy now, pay later loans, that will be offered at Apple’s physical…
Earnings inequality among college graduates has grown, and returns to a bachelor’s degree (BA) vary substantially across colleges. We experimentally evaluate a program that shifted high-achieving, low-income students into higher-quality colleges. Students randomly offered a guarantee of four years of tuition and fees at the University of Michigan were 21 percentage points more likely to…
26 June 2026 Compared with April 2026: median consumer perceptions of inflation over the past 12 months remained unchanged, as did median inflation expectations for three and five years ahead, while median expectations for inflation over the next 12 months decreased significantly; expectations for nominal income growth over the next 12 months increased, while expectations…
Eliminating Corporate Subsidies in Canada: An Opportunity to Boost Growth Study beng Mon, 08/10/2026 – 09:49 Published Date August 11, 2026 Image Posted Date Mon, 08/10/2026 – 10:00 Headline Government corporate welfare increased by 142% between 2019 and 2024, reaching $87.7 billion in 2024 Off By: Alex Whalen and Milagros Palacios Document eliminating-corporate-subsidies-in-canada-opportunity-to-boost-growth-newsrelease_0.pdf (188.27 KB)…
Thursday, July 17, 2025 Which Critical Government IT Systems Are Most In Need of Modernization? Each year, the federal government spends more than $100 billion on IT systems and cyber-related investments. About 80% of this funding goes to operating and maintaining existing IT, including old systems known as legacy IT. GAO identified several legacy systems…
CLAREMONT, CALIFORNIA—Since its founding almost 77 years ago, the People’s Republic of China has had eight premiers. But only two—Zhao Ziyang and Zhu Rongji—deserve credit for the country’s economic rise. In the 1980s, Zhao translated Deng Xiaoping’s vision of “reform and opening up” into policy, pushing through the reforms that underpinned China’s economic miracle. In the 1990s, Zhu—who recently passed away at age 97—racked up his own lengthy list of accomplishments, becoming one of China’s most respected senior leaders.