In richistan, all millionaires are not equal

If a million dollars sounds like a lot of money to you … if you think "household manager" is a synonym for Mom … if your idea of a cool set of wheels is a Mercedes-Benz convertible … then you probably don't live in Richistan.

Study shows university research benefits regional economy

Some of the benefits of scientific research conducted in universities are obvious. Great laboratory discoveries expand our understanding of the world, cure diseases, and make life better in myriad ways.

Creating fair practices for Chinese investors

Too often, Chinese customers buy wealth management products without a real understanding of what they're getting into, according to Xiaoling Wu, deputy governor of the People's Bank of China.

Scalping goes upscale: The secondary ticket market's online revolution

The Internet has revolutionized ticket scalping, turning it into an electronic extension of the box office, driven by sleek advances in computer hardware and software and by a spate of clever, aggressive online ticketing companies.

Podcast: What information is used to determine stock price?

A company's financial statements play a critical part in how its share prices fare in the markets. But financial statements aren't the only sources of information markets use to determine the valuation of a company.

Service as innovation: China's coming service revolution

Soon, innovation in China will take the form of a move from a primarily manufacturing economy to a more service-oriented one, according to experts gathered at the Fourth Annual Executive Forum in Shanghai.

Shouldering triple responsibilities: Social responsibility in Chinese banking

Social responsibility is not just about handing out money, or establishing a charity or a fund, said Huaqing Wang, assistant chairman of the China Banking Regulatory Commission and director-general of the China Banking Regulatory Commission (CBRC), Shanghai office.

Following the money: What's really behind the slowdown in Mexican border arrests?

In the past year, the U.S. government took strong measures to seal the border with Mexico, and the U.S. Border Patrol is reporting that arrests are down 10 percent from last year. Advocates of tougher enforcement point to these facts and say that the crackdown is deterring would-be illegals.

A tale of two professions: Why you may know a hospitalist but not an RCT

Since their first appearance some 20 years ago, "hospitalists" — doctors who manage patient care during a hospital stay — have assumed an increasingly complex role in the healthcare system.

Does consortium bidding by private equity firms undermine competition?

Paralleling the boom in private equity deals in recent years has been a growing sense of alarm about these multibillion dollar transactions.