business & economy
China's been on a road to greater economic freedom for decades. But as the country seeks to move from developing world to developed world, the pressure is on the move state enterprises out of key economic sectors and let the private sector play a greater role in fueling the country's economic growth.
China's rural economy is at a cross-roads. As the government begins reforms designed to give farmers ownership of that land, that effort is running into the cold reality that land sales back the spending of local governments. And that can only happen when farmers land is taken for little compensation.
Mexican entrepreneurs are looking to north to build on successes their businesses are already having in their home country. But this can be difficult. So now, both Mexican and American officials are seeking ways to augment these ties -- for the benefit of both countries.
In China, social benefits are tied to where you live. And they vary widely from urban to rural areas. But as more Chinese decide to abandon their farms and move to cities, this system of denying them benefits in their new homes is proving problematic -- and possibly untenable.
Japan's society has been roiled by the tsunami and disaster at the Fukushima nuclear plant. At one credit union, the CEO has decided that it will do its part to help eliminate nuclear power in the country. And he's rewarding his customers who do the same.
In most of South Korea, people are taking the North's sabre-rattling with a big grain of salt. But on islands along the border, especially on Baengnyeong Island, people are a bit more tense. And all of the strong words are hurting the islands' economy, as well.
Peugeot's hoping to revolutionize the hybrid car market with a little bit of air. Rather than storing energy in a complex system of batteries, Peugeot is building a car that will store energy in an air tank. And they're seeing strong results in fuel savings.
Manilla is known for its traffic, and it's pollution is getting worse too. A bank is hoping to take advantage of those circumstances by financing the production of 100,000 electric trikes to replace the city's fossil-fueled versions.
The U.S. federal courts are being forced to apply 1976 law to modern digital innovations. With respect to two new digital services, judges took two different paths, ruling one was compliant with federal copyright law, while another was not.
Federal officials are considering a plan to open up federal lands to coal mining, with the idea that the coal would be exported, likely to Asia. But two governors, in Washington and in Oregon, are urging federal officials to look closely at the proposals and consider whether its in the national best interest.