One could ask the question: how did the financial system got us into such a mess? First one has to look at the value of anything and nothing… On average:
Learning from China
March 17, 2021
Modern China is in many ways a remarkable success: within a generation it has become a moderately high-income country from a low-income one. It has eliminated poverty, and expanded the capability of its citizens with decisiveness and skill.
China has also become the mightiest economy, in terms of purchasing power parity. Its children are top performers in mathematics, science and reading, and it produces the largest amount of scientific literature – all telltale signs of more future progress.
China’s hope of realizing ‘Zhongguo Meng’ (the Chinese dream) and overtaking the West in living standards no longer seems a distant one. Through investments in education and healthcare, it keeps enhancing living standards and labor productivity at faster rates than in any other country.
President Biden’s executive order requiring agencies to weigh the impact of pending policies on underserved groups could have a lasting effect on issues from reforming the Community Reinvestment Act to fair lending.
Racial equity is a crucial measure of a rule s effectiveness americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.