Posts From King World News

Robert Reich: Why your cable bill is so high

If you’re like most Americans, you have wondered at some point – probably monthly – why your cable bill is so high. And for good reason. The average cable bill in the United States rose 5% in 2012, the latest year available. That’s nearly triple the rate of inflation.

IMF official says China's growth could beat forecast in 2015

China’s economy could overshoot the International Monetary Fund’s forecast and grow close to 7 percent this year although the outlook for the medium term is more uncertain, a senior IMF official said on Wednesday. Changyong Rhee, director of the IMF’s Asia and Pacific Department, said potential spillovers from China to other regional economies were larger than expected. China’s growth rate of 6.9 percent between July and September meant the country

Apple defies China slowdown fears with strong iPhone sales

Apple Inc reported blockbuster iPhone sales in China, suggesting that worries about the company’s growth trajectory in the world’s second-largest economy are overdone. Apple’s shares rose nearly 3 percent in early trading on Wednesday. The stock has lost about 7 percent of its value in the past three months as investors fret that the slowing Chinese economy would derail Apple’s successful run in the country.