The Great Debate

from Ian Bremmer:

Chinese leader’s reforms are bad news for Hong Kong protesters

By Ian Bremmer
September 8, 2014

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In 1997, Britain returned Hong Kong to China after some 150 years of colonial rule. In exchange, China agreed to a set of principles: Hong Kong would maintain its capitalist system for half a century, by which point its chief executive and members of the legislature would be elected by universal suffrage. As the thinking went, “one country, two systems” would suffice in the interim; Hong Kong and the Mainland would surely converge on democracy in the half-century to come.

Industry defeated on U.S. derivatives reform

May 14, 2010

Senate Democrats have beaten back an ambitious, industry-supported amendment to the derivatives portion of financial reform legislation.