The U.S. doesn't have a jobs problem; it has excess capacity for producing goods and services compared to global demand, says Martin Wolf. How to fix it? Lower taxes would mean more M&A, which would mean less supply, and more jobs. READ»
A Chinese company is trying to buy the Hummer brand from GM and the state-owned oil company is building massive storage tanks to stockpile gasoline and diesel fuel. It may make one chuckle - - they’ll need more gas to serve all those gas-guzzlers - - but there’s a more important message to take away from this news.READ»
