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Economists used the business cycle to predict what's next. It doesn't work so well anymore.
Where's the recession? Changes like the pandemic crash and government funding programs have disrupted the expansion-contraction pattern.
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Richard Yu allegedly steps down as CEO of Huawei Consumer Business to serve as Chairman
Huawei's Richard Yu (Yu Chengdong in Chinese) will allegedly no longer serve as the CEO of the Consumer Business Group, instead moving to the position of Chairman. The new CEO will apparently be He Gang, the former Chief Operating Officer (COO). So far Huawei has never had a Chairman for its Consumer Business Group, so Yu will be the first. The point of the move is to allow Yu to expand his scope of duties within the company. He will now look after more parts of the group, including those...
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Mike Johnson’s busy week: Ukraine aid and threats to protesters – what next?
Speaker’s crude interventions on campus have forced many to question if his motives on Ukraine were quite so heroicDemocrat Nancy Pelosi cited his “integrity” and described him as “courageous”. Republican Michael McCaul called him a “profile in courage”. CNN hailed him as “an unlikely Churchill”.Mike Johnson, speaker of the House of Representatives, began the week showered in plaudits for leading the House in approving $95bn in urgently needed wartime aid for Ukraine, Israel and other US allies....