All posts in Business News

Art Auctions in 2012

Last year the two most prominent auction houses in the world, Christie’s and Sotheby’s, had contrasting performances.  Christie’s total sales were up 10 percent from the previous year, while Sotheby’s showed a 12 percent drop.  These figures could be interpreted […]

The Bank of China Expands in the U.S.

In late 2012, the state-controlled Bank of China became the first Chinese lender to participate in the sale of U.S. commercial mortgage-backed securities (CMBS) by joining with other banks to help lend the $950 million needed to build a 43-story […]

Domestic Oil Production Increases, But Does President Obama Deserve Credit?

February 2013 saw the highest level of domestic oil production since 1992.  The United States is currently producing almost as much oil as it imports.  While President Obama has attempted to take credit for this surge in production, several facts […]

Influential Thinker James Buchanan Dies

The American economist James M. Buchanan passed away on January 9, 2013.  He is most famous for developing public choice theory (PCT), which earned him a Nobel Prize in Economics in 1986.  PCT views many of the recurring problems in […]

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