This Week On The Economist No.49:
Hard-up firms in China use cashmere and pork to repay loans
The spate of unorthodox repayments highlights a squeeze in China’s financial system, which has hurt smaller companies and non-bank lenders most. So far this year companies have more than triple the previous annual record. But ome firms that have been pushed to its limit are desperate to avoid the public shame of trying to persuade investors to accept things that they make to replace what they owed.
The moral assumptions embedded in economic models of climate change
Policymakers met in Katowice, Poland, this week to discuss implementing the climate deal signed three years ago in Paris, from which America withdrew under President Donald Trump and the Republican Party persists in climate denialism or which deny climate change.
Donald Trump nominates a new attorney-general
AFTER enduring a week of encomiums to George H.W. Bush, President Donald Trump on December 7th nominated one of his late predecessor’s former attorney-generals, William Barr, to reprise that role.
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