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As should have been expected, this bet on risky investments did not work and many S&L banks went bankrupt. Since the deposits were insured by the government, the taxpayers were on the hook to pay for the S&L banks' losses, which amounted to more than 2 percent of GDP.

As the president of the world's most-populous nation, Xi Jinping has never taken the issue of poverty lightly.

As political protests continue in Hong Kong, the local insurance sector has taken a hit.

As the United States has promised to use Section 301 in compliance with WTO rules, "the US side should keep its promise and not become a destroyer of multilateral rules," the MOC said in a statement, citing an unidentified spokesperson.

As survivors of Hurricane Dorian enter week three of post-storm life, many in the northwestern Bahamas, known for its casinos, golf courses and mega yachts, worry they will be forced into deep poverty as they scramble to find work in the aftermath of the Category 5 storm that wreaked havoc on two islands.