economics

Wikipedia Commons
Wikipedia Commons

  If your eyes glaze over trying to deal with your own budget, imagine the jobs of the State Director of Finance Wes Machida and the Acting State Auditor Jan Yamane. We'll take up the health of the budget, and the intersection of money and policy...that can often bring more than a few eye rolls.

Vinoth Chandar / Flickr
Vinoth Chandar / Flickr

For the first time in more than 15 years, India’s economy is growing faster than China’s.  At least that was the case for 2015; according to government figures released Monday.  But there’s more to this story, and HPR’s Bill Dorman has it in today’s Asia Minute.

India’s economy grew 7.5% last year…faster than China’s growth rate of 6.9%.  But there’s a cautious reaction in some quarters.  Last year, India’s statistics ministry revised some of its measurements, and skeptical economists say it may overstate the case for growth.

Holly Golabek / Flickr
Holly Golabek / Flickr

It’s been another volatile week on global stock markets. Stock prices have rallied around the world today, although they’re still down since the start of the year.  And the declines have been even steeper in several Asia Pacific markets—but not all of them. HPR’s Bill Dorman has more in today’s Asia Minute.

Daniel Ramirez / Flickr
Daniel Ramirez / Flickr

Today is Black Friday – a day where many retailers see their margins go from the red into the black.

But this year more and more people are turning to the digital marketplace to gather up gifts.  A Google search on holiday shopping reveals that last year- 40% of holiday shopping occurred online…with more than half of consumers using a smartphone or tablet.

Wikipedia Commons
Wikipedia Commons

The World Bank says exports make up nearly 14% of the US economy.  For South Korea, the percentage is more than triple that figure - making the economy dependent on trade.  HPR’s Bill Dorman recently returned from a reporting trip to South Korea with the East West Center and has more on the country’s economic picture in today’s Asia Minute.

Wikipedia Commons
Wikipedia Commons

Today is not only the start of a new month, but on the corporate calendar, it’s also the first day of the fourth quarter of 2015.  And investors in Asia are hoping that means better days are coming.  HPR’s Bill Dorman has more in today’s Asia Minute.

The third quarter was a rough one for investors around the world.

Wikipedia Commons
Wikipedia Commons

China’s President is in Washington State today and the Prime Minister of India will be in New York tomorrow.  But the leaders of both countries got some troubling news this week from the Asian Development Bank—which says growth in Asia’s two most populous countries continues to slow. HPR’s Bill Dorman has more in today’s Asia Minute.

The 7% solution may not be working for China’s economy.

denharsh.com / Flickr
denharsh.com / Flickr

Stock market volatility is continuing around the world today.  While investors are making different judgments about various markets, in Asia there’s a particular concern about one category. HPR’s Bill Dorman has more in today’s Asia Minute.

These are challenging days for emerging markets in Asia.

David Dennis / Flickr
David Dennis / Flickr

  Now that China has devalued its currency, what effects could Hawaii feel?  Pacific Business News looks at this from a couple of angles; editor in chief A. Kam Napier has more.

First, it’s worth pointing out that the Chinese yuan is hardly the only currency to lose value against the U.S. dollar, nor has it taken the biggest fall.  As many Menendez, an international business development expert writes in PBN this week: The Euro has declined 18% and the Japanese yen 22% against the dollar over the past year.

Wikipedia
Wikipedia

Hawaii’s legislature won’t be back in session until January, and the U.S. Senate and House of Representatives are both in recess until after Labor Day. India’s parliament just wrapped up its latest proceedings this week—but the headlines are about what did NOT happen. HPR’s Bill Dorman explains in today’s Asia Minute.

Legislative achievements are relative.

It’s true for lawmakers in any representative democracy--some sessions are just more productive than others.

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