Ukraine is facing bankruptcy and Russia may bail it out

Ukraine is facing imminent national bankruptcy—casting Russia in the role of "Abu Dhabi" to Ukraine's "Dubai" in the sense of easing the financial distress of a closely related neighbour.

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China’s round-the-clock auto factories still cannot meet demand

Nissan, Ford Motor and Honda Motor are running their Chinese factories at full capacity, with overtime and weekend shifts, and still can’t deliver enough cars.


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Why is the recession so deep?

Explaining the depth of the US recession is a challenge for just about any macroeconomist. There is no well-established theory that can explain how America got to 10% unemployment.

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