Best business commentary
Forget central banks, said Parmy Olson in Forbes.com. The governments of hot emerging-markets are the world's new sources of "stability, liquidity, and support in times of dire need." "There is such a thing as a free lunch," said Marsh
China to the rescue
Forget central banks, said Parmy Olson in Forbes.com. The governments of hot emerging-markets are the world's new sources of "stability, liquidity, and support in times of dire need." China's state-run China Investment Corp. provided the latest example when it agreed to pump $5 billion into Morgan Stanley as the investment bank reported a huge loss. By investing in "risky assets" others won't touch, sovereign wealth funds are soothing "crisis-racked" markets.
The cost of a free lunch
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"There is such a thing as a free lunch," said Marshall Loeb in MarketWatch. And even a free dinner. But be on guard if the meal comes courtesy of a broker looking for new customers—especially if the invitation includes promises of "unrealistic returns." Look into the broker's background, keep records of your meetings, and write checks to an independent account, not an individual. Follow those rules and you can "protect your assets from retirement rip-offs."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Sniper kills 2 Idaho firefighters in ambush
Speed Read A man started a wildfire, then fired a rifle at first responders when they arrived
-
Senate advances GOP bill that costs more, cuts more
Speed Read The bill would make giant cuts to Medicaid and food stamps, leaving 11.8 million fewer people with health coverage
-
June 30 editorial cartoons
Cartoons Monday’s political cartoons include Jeff Bezos' wedding, mixed signals from the Democratic party, RFK Jr. denying vaccines, and a love-struck Donald Trump