In the US, unemployment is only 5.5%, a near-full employment level. But workers’ wages have not grown much while incomes at the top have increased rapidly. What is going on?
Xinyuan Real Estate (XIN) recently released its SEC-required annual report for 2015. I have reviewed the report. There are a number of points worth noting.
The article examines US government policies to curb the most dangerous addictions: smoking, drinking, drugs, and overeating. Bans never work. It concludes by recommending that for all addicts should pay an increasing share of the health costs they incur.