Several factors underpin the latest housing boom in China. The central government’s de-stocking strategy is a big contributor. The easy monetary and cheap credit environment has boosted the development of the capital-intensive real estate industry. The declining supply and the rising price of land have pushed up housing prices in the high-tier cities.
The peace deal between the Colombian government and the Revolutionary Armed Forces of Colombia had proposed “reforms aimed at bringing the rebels into the political system, addressing drug trafficking through crop substitution and allowing for reduced prison sentences for rebels who lay down their arms.”
One major issue is the mismatch between local governments’ fiscal capacity and their expenditure responsibility. In recent years, local governments have been responsible for over 80 percent of government expenditure, while being assigned only about 50 percent of government revenue.
The first is the transformation from the national to the global economy. The second is the transformation from elite to mass democracy. The third is the shift in the focus of knowledge from the world to the local, and from the macro to the micro scale.
The phenomenon of Pokémon Go was built on the foundations of the real-world physical Pokémon products of the 1990s and early 2000s which was a runaway hit with kids and its influence shaped an entire generation of American children through primetime TV.
Donald Trump’s supporters see him as having “the guts to say what he wants,” and he is “saying what a lot of what America’s feeling right now.” Some who find themselves shocked by his politically incorrect speech still find themselves attracted to his message.
In the past twenty-some years, the number of social protests in China has erupted like a volcano. Many analysts believe that the regime is sitting on the mouth of a social volcano and its days are numbered. These predictions demonstrate the need for a better understanding of social protests in China.
When intellectuals stop presenting options and start demanding outcomes, their democratic function has come to an end. The tyranny of a meritocratic intellectual class, Aristotle’s tyranny of the best, is a tyranny all the same.
Unemployment insurance has become an important component of the social safety net in urban China, especially given the increased turnover rate in the labor market in the recent processes of economic restructuring.