| Aug 25, 2008

Subprime-mortgage crisis in third stage

The subprime-mortgage problem has entered a third phase. The first phase, needless to say, involved the decline in housing prices in the United States that crippled many homeowners’ ability to repay their loans. Subprime lending schemes were based on the assumption that housing prices ...

| Mar 24, 2008

Chinese frozen foodand frigid bilateral relations

Bilateral relations can be complicated by conflicting interests, which makes occasional problems inevitable. What’s important, however, is whether the two countries can communicate frankly about the problems, find their causes and resolve them. This is one reason wh countries set up hot lines between ...