SOUTH EAST ASIA

Kristen Marano

These Laos-Based Designs Are the Opposite of Fast Fashion

When I shop, I want to know how the pieces I like are made. I look at the tag. I ask where the fabrics are from. I read about the designer. These details reveal the process of a piece that earns a hanger in my closet. This is what separates Heather Smith's designs of Laos-based shop Passa Paa from fast fashion retailers and puts a value on owning her pieces.
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Saving Bonds

The seeds are already planted for bond yields to climb over the long-term as we lose the traditional investors in the U.S. debt market. One way out of this dilemma is to get deficits under control and put debt (and debt/GDP ratios) on a more sustainable trajectory. If preventing a return to double-digit bond yields (and mortgage rates) in North America isn't a big enough motivation to do this, I don't know what is.