Corporate China’s Black Hole of Debt

For China bulls, things are starting to look up. The property market has been showing signs of life, and October retail sales, investment, and industrial production have come in above forecasts. A manufacturing index also showed improvement, and exports increased 11.6 percent in October, the fastest pace in five months. Yet one figure is going in […]

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Hezbollah Prepares for a Wider War Than It May Want

Hezbollah’s launching of a pilotless spy plane, which was shot down by Israel’s air force in the southern part of the country in early October, has been seen as more evidence that the Lebanese militia is preparing for war. Israelis assume that the drone was gathering visual intelligence to help Hezbollah in its goal of bombarding distant targets with long-range […]

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