Global Notes #10
. Teachers buy ports
The Ontario Teacher’s Pension Fund bought four container terminals for $2.4B from Hong Kong’s Orient Overseas International. Two ports are in New York/New Jersey and the other two in Vancouver. The Pension fund specializes in infrastructure assets.
. China: the rich get richer the poor get poorer
The real income of China’s poorest ten percent fell by 2.4 percent in the last two years. Incomes increased for the other 90 percent, but China, which had relatively even income distribution in 1980 is now less equal (more…)
