Since June 2015, the stock market in China has been posting losses, falling as much as 11% in one week. The crash in China has spilled over into global markets. Last week the Dow Jones, a U.S. stock market index, closed below 17,000 for the first time in almost a year, possibly due to fear that the plunging Chinese economy will bring others down with it. The government in China has been trying to manage its economy by cutting rates and announcing a surprise currency devaluation, but these efforts are not stopping the drop. What more can they do? Listen to hear from investment experts about the stock market crash in China.
Story Length: 4:14
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AIR DATE: 08/26/2015
June 9, 2015
5:11
Since the end of World War II, the United States has served as a dominant military and political power in Asia. The enormous economic growth of China has some former U.S. diplomats worried. When China’s economy shifted from pure government control to a more mixed model they widened their international impact and their scope of interest. Should we continue to see China as a solid ally in the region or as a powerful potential rival? Listen to hear why to former diplomats argue that China is a threat.
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Sometimes you want what you want when you want it, and you will pay to get it quickly. This desire combined with smart phone and GPS technology has created a booming market of services that enable their users to get what they want, when they want it. The instant gratification these services enable has created an “Instant gratification economy” that changes the way people interact with the world and the way people work. Listen to learn more about these services and their impact.
Read MoreJuly 9, 2014
7:47
Tourism in Cuba makes up 10% of the island nation's gross domestic product. If America ever lifts its ban on travel to Cuba, its expected there could be a surge of at least a million Americans visiting. But tourism also brings wage disparity to the Communist country. Those who work in the tourism industry earn much more than other professions. Listen to this public radio story to learn why tourism is important to Cuba's survival.
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