Irene Milani

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China fines Alibaba $129,000 for pricing violations

SHANGHAI (Reuters) - China’s e-commerce giant, Alibaba Group, has been fined 800,000 yuan ($129,000) by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on its e-commerce platforms.<p>A cleaner waters the flowers below a logo of Alibaba (China) …

China must resist imperial overreach in competition with the U.S.

Empires fall for many reasons. One of them is overreach: the lust for power often drives imperial rulers to extend their commitments beyond what …

How China is upsetting the old global economic order

Beijing's rise was confirmed this week at the Spring meetings of the World Bank and International Monetary Fund in Washington, the two institutions by which the economic vision of the United States has been propagated across the world since their founding in 1944.<p>The US-selected president of the …

GDP Is a Bad Measure of Our Economy—Here's a Better One

Are we in the midst of a great paradigm shift?<p>That was the question raised this morning at the Skoll World Forum by Michael Green, the Executive …

Why China’s economy is slowing and what it means for everything

It’s really happening.<p>China, an increasingly important engine of global economic growth, is slowing fast.<p>Just last week, China’s National Bureau of Statistics reported that growth in the world’s second-largest economy had slowed to 7%, the slowest clip in six years.<p>Skeptics would note the …

Why Larry Summers Thinks Alternative Lending Will Save the World

Former Treasury Secretary Larry Summers believes online lending platforms will rescue the U.S. economy.<p>When economist and former U.S. Treasury Secretary Lawrence H. Summers talks, people tend to listen.<p>And so it was on Wednesday, when small business lending entrepreneurs turned out in droves to …

What Companies Can (And Should) Learn From Lady Gaga

Her millions of "Little Monsters" have a sense of pride and common purpose.<p>Groucho Marx famously said “I don’t want to belong to any club that will accept me as a member.” But, as this picture demonstrates, he was unique. The rest of us spend much of our lives striving to join groups that help us …