Chapter 11 is no longer a haven for deadbeat debtors
Jul 23rd 2020IN THE EARLY 1980s Houston lived through a real-estate frenzy. Then the oil price crashed. Humble Place, a 30-acre tract divided into land parcels, was one of many unfinished projects. The developer filed for Chapter 11 bankruptcy. By the start of the 1990s, his creditors were still unpaid. A court heard that his…
A shift from paper to virtual cash will empower central banks
Officially issued digital currencies could help usher in negative interest rates
The Philippine peso is the champion of emerging-market currencies
Relatively low external debts, high reserves and resilient remittances have kept it buoyant
In the South China Sea, America is churning waters claimed by China
It is decrying Chinese expansionism in the South China Sea much more emphatically
Vloggers show how to migrate illegally on a jet ski
North African migrants share their adventures on YouTube
Can Uganda have a fair election amid covid-19?
Editor’s note: Some of our covid-19 coverage is free for readers of The Economist Today, our daily newsletter. For more stories and our pandemic tracker, see our hubTHE UGANDAN health minister, Jane Ruth Aceng, has won praise for her handling of covid-19, which has yet to cause a single reported death in her country. But…
Meantime In Vegas: Man steals 40-pound, 3-foot-tall dildo from sex shop
A cockamamie criminal act was pulled off by a hardened malefactor — by heisting a mammoth dildo from a sex shop in Las Vegas. The masked perpetrator was busted on video as he swaggered into the Déjà Vu Love Boutique in Sin City and seized the giant 3-foot-tall, 40-pound shaft positioned on the sales floor,…
The hunt for the origins of SARS-CoV-2 will look beyond China
The virus may have been born in South-East AsiaJul 22nd 2020ONE OF THE great questions of the past six months is where SARS-CoV-2, the virus that causes covid-19, came from. It is thought the answer involves bats, because they harbour a variety of SARS-like viruses. Yunnan, one of China’s southernmost provinces, has drawn the attention…