China was the world’s largest economy before 1890. According to Professor Angus Maddison, author of the Chinese Economic Performance in the Long Run, China’s role in the world has changed dramatically in the last thousand years and China is likely to become the world’s largest economy by 2015 beating the US. The author mentioned that …

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We have discussed about the U.S. healthcare system before a few times. On Thursday, the President hosted a day-long televised healthcare summit. It ended without a deal after many hours of bickering by both the parties. Its been more than a year since the President took office and yet the healthcare debate still rages on …

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The U.S. official unemployment rate was 9.7% in January, 2010. The number of unemployed persons in the country stood at 14.8 million. The distribution of unemployment among the major worker groups: Whites= 8.7% Blacks = 16.5% Hispanics =  12.6% Asians= 8.4% Adult Men=  10% Adult Women = 7.9% Teenagers= 26.4% While the above distribution gives …

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A new report from Silicon Valley nonprofit groups Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation casts doubt on the future prosperity of the region and mentions that the valley’s innovation engine is at risk. From a news report: “Silicon Valley’s innovation engine has driven the region’s prosperity for 60 years, but at …

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An interesting chart from a presentation by Richard C. Koo, Chief Economist, Nomura Research Institute, Tokyo: Click to Enlarge Source: The Age of Balance Sheet Recessions: What Post-2008 U.S., Europe and China Can Learn from Japan 1990-2005 by Richard C. Koo, Nomura Research Institute