Xianbin Yao

27 Flips | 4 Magazines | 2 Likes | 3 Following | 1 Follower | @XianbinYao | Keep up with Xianbin Yao on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Xianbin Yao”

The economist Joseph Stiglitz explains why he thinks the late Milton Friedman's ideas have contributed to rising inequality in the US

At the World Economic Forum's annual meeting in Davos, Switzerland in January, Business Insider CEO Henry Blodget made the case why it's time for a "better capitalism."<p>The current state of inequality in the United States, he explained, is largely linked to a reaction to 1970s stagnation that has …

Economics

How Chinese overseas students are learning harsh life lessons | Post Magazine | South China Morning Post

When 22-year-old Langou Lian looks back at her decision to study in the United States, one influence sticks out: Disney Channel movie <i>High School</i> …

Steve Jobs Knew How to Write an Email. Here's How He Did It

A detailed look at an old email from Steve Jobs teaches some important lessons.<p>Undoubtedly, Apple co-founder and visionary Steve Jobs wrote several thousands of emails throughout his life. Relatively few of them have been shared with the public, and most of those are short responses to customer …

Watch the History of the World Unfold on an Animated Map: From 200,000 BCE to Today

"Where are you from?" a character at one point asks Babe, the hapless protagonist of the Firesign Theatre's classic comedy album <i>How Can You Be in Two</i> …

How Automation Will Change Work, Purpose, and Meaning

The vast majority of humans throughout history worked because they had to. Many found comfort, value, and meaning in their efforts, but some defined work as a necessity to be avoided if possible. For centuries, elites in societies from Europe to Asia aspired to absolution from gainful employment. …

The 1968 Book That Tried to Predict the World of 2018

If you wanted to hear the future in late May, 1968, you might have gone to Abbey Road to hear the Beatles record a new song of John Lennon’s—something called “Revolution.” Or you could have gone to the decidedly less fab midtown Hilton in Manhattan, where a thousand “leaders and future leaders,” …

The real reason the world economy is surging

By David Ignatius<p>Columnist<p>A year ago, with the election of a U.S. president who had fulminated against the international trade and financial systems, some analysts worried that the engine of global prosperity might soon be sputtering. But that's not what happened.<p>The global economy has surged …

Economy

Introduction to the Book of Habakkuk

Come to Terms With Injustice in This Introduction to Habakkuk<p>The Old Testament book of Habakkuk, written 2,600 years ago, is yet another ancient …

Globalisation: time to look at the past to plot the future | Joseph Stiglitz

Trade deals were hammered out in secret by multinationals at the expense of workers and citizens. Benefits must be shared if the global economy is to work<p>Fifteen years ago, I published Globalisation and Its Discontents<i>,</i> a book that sought to explain why there was so much dissatisfaction with …

All You Need to Know About Bitcoin’s Rise, From $0.01 to $15,000

The initial price of bitcoin, set in 2010, was less than 1 cent. Now it’s crossed $16,000. Once seen as the province of nerds, libertarians and drug …

Huge Human Inequality Study Hints Revolution is in Store for U.S.

Every society has a tipping point.<p>There’s a common thread tying together the most disruptive revolutions of human history, and it has some scientists …

Why China Is Eclipsing Japan in Innovation

It's the Wild West in China right now.<p><i>Is China overtaking Japan in science and technology? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.</i><p><b>Answer by Misha Yurchenko, author of The Star Interview, on …

The fatal flaw of neoliberalism: it's bad economics

Neoliberalism and its usual prescriptions – always more markets, always less government – are in fact a perversion of mainstream economics. By Dani Rodrik<p>As even its harshest critics concede, neoliberalism is hard to pin down. In broad terms, it denotes a preference for markets over government, …

Economics

Three surprising ways the Protestant Reformation shaped our world

<b>(CNN) —</b> If you're a Protestant, the anniversary of the revolution Martin Luther set in motion 500 years ago this Tuesday is a big deal. But even if you're not, it should be. The Reformation was one of the decisive events that made the world we live in, for better or worse.<p>Luther and his followers …

Christianity

China’s Silk Road Illusions

The singular contribution of the man now vying for a place next to Mao in the pantheon of Chinese leaders, Xi Jinping, is the One Belt, One Road …

The department of transportation of the future

Transportation will be dramatically different in ten years. To adapt, public entities and stakeholders must act today.<p><b>In ten years,</b> transportation in …

Disrupting transportation: We need to think bigger than cars

Connectivity could dramatically change the commute of the future.<p><b>Cities are becoming the switchboards of the globalized economy,</b> and for many people …

Everything Under Heaven: Xi Jinping's Belt and Road could cement China as the world's superpower

“Everything under heaven is in utter chaos; the situation is excellent,” wrote Mao Zedong in his little red book. With every crisis comes …

Fixing Macroeconomics Will Be Really Hard

Five or six years ago, with the hangover from the Great Recession still dominating the national conversation, macroeconomic policy was all the rage. Now, it’s an afterthought, with issues like health care, trade and energy taking center stage. But behind the scenes, macroeconomists have been …

Economics

Bank of England Governor Takes a Crack at the Inflation Mystery

Central bank sleuths are on the case. What explains the "mystery," to use Janet Yellen's word, behind low inflation and strong employment?<p>It's a question that requires global detective work, a point amplified by the Federal Reserve minutes this week when someone (who may have been Yellen) remarked …

The Coming Renaissance of Macro Investing

By<p>Oct. 14, 2017 12:56 a.m. ET<p>In the summer of 1974, Treasury Secretary William Simon traveled to Saudi Arabia and secretly struck a momentous deal …

BlackRock's Fink warns global surprise could drive stock market correction

WASHINGTON: BlackRock Inc Chief Executive Officer Larry Fink warned on Friday that financial markets are ignoring underlying risks, which means there …

Dialogue With God

Confessions<p>by Augustine, translated from the Latin by Sarah Ruden<p>Modern Library, 484 pp., $28.00<p>In 2012, Sarah Ruden brought us, in a crackling …

Literature

China treats its foreign aid like a state secret. New research aims to reveal it.

By Adam Taylor<p>Reporter<p>Since the turn of the century, China has become an unavoidable global provider of foreign assistance, funding everything from opera houses in Algeria to tobacco farms in Zimbabwe.<p>Try to find in-depth data about these projects, however, and you are mostly out of luck. China …

China

The Secrets of Google’s Moonshot Factory

A snake-robot designer, a balloon scientist, a liquid-crystals technologist, an extradimensional physicist, a psychology geek, an …

Adam Smith's Concept of Justice

What did Smith mean by justice, and why is it so important for understanding his message?<p>One of the best-known quotations from Adam Smith’s <i>The Wealth</i> …