Meet the shady foreigners propping up New York’s real estate market – Fortune

In a country beset by increasing wealth and income inequality, few places are more economically disparate than New York City. Part of what drives income inequality in New York is that it’s an extremely attractive place for the global elite to live, or in many cases to park their vast fortunes. On Sunday, The New…

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China January Inflation Hits Five-Year Low, Pressure Builds for More Policy Support – NYTimes.com

close shareTools BEIJING — China’s annual consumer inflation hit a five-year low in January while factory deflation worsened, underscoring deepening weakness in the economy and heaping pressures on policymakers to inject more stimulus to underpin growth. The risk of deflation is rising for the world’s second-largest economy as a property market downturn and widespread factory…

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Argentina’s president sent out this strange, offensive, and frankly racist, tweet – The Washington Post

Diplomacy can be complicated. (Rolex De La Pena/pool photo via European Pressphoto Agency) The only thing worse than mocking an accent heard in another country is doing it publicly, via Twitter, when you’re the president of Argentina, while you’re in that other country on a high-stakes diplomatic visit. Argentine President Cristina Fernandez de Kirchner made a strange attempt at…

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