Global economy on recovery path, risks remain: IMF chief

Reuters– The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.

“The global economy may be on a path to recovery, but there is not a great Read more of this post

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China gives Japan approval to buy $10bn in state bonds

BBC– China has given Japan the go ahead to buy $10billion of government bonds as Beijing tries to create a more international role for its currency.

China wants the yuan to become an alternative global reserve currency to the US dollar.

Last year, Beijing and Tokyo agreed to promote Read more of this post

“Risk vs Fear” from Fukushima: Rare Rationality in Today’s LA Times Op/Ed Pages

Forbes– Not many people read the Los Angeles Times, which may not be a bad thing.  Fewer still read the op/ed pages which–given their general left-wing bias–is a good thing.   So much more the surprise that we happened to see in the LA Times’ March 11 op/ed pages a piece entitled “Risk vs fear” that presents the non-alarmist science on the Fukushima nuclear disaster health risks.

The risks are, in a word, negligible as far as all the science accumulated since Hiroshima would let us conclude.  Not that the average person in Japan or abroad would know or believe this, mainly due to the failure of government to properly and coherently present the science Read more of this post