Save the Euro! The Risky Option that Could Work
Last week was miserable for those hoping the eurozone holds together and its 17 members remain part of the world’s first common-currency union. The bad news kept coming straight through Thanksgiving. But does it all add up to the collapse…
U.S.-China: Obama Foolishly Taunts the Dragon
The most striking outcome of President Obama’s busy crisscrossing of the Pacific last week is this: The U.S. is now going to station 2,500 Marines in Australia and develop (it hopes) a trade-enhancing organization called the Trans-Pacific Partnership, or TPP….
U.S. China Policy: A Snake with Three Heads
It’s dismaying to consider that the world’s largest economy may not know what it’s doing when faced with the planet’s No. 2 economy (and one of the fastest growing). But three of Washington’s most recent moves toward mainland China—the security…
Stealing America: China’s Busy Cyber-Spies
Economic and industrial spying by China appears to be more pervasive and egregious than ever, costing America billions of dollars each year, according to a new report by a U.S. government agency. And the report raises an important question: If…
3 Reasons to Bet the Euro Deal Will Work
Global stock markets today are reflecting the many uncertainties that still surround the eurozone rescue package European Union leaders announced in Brussels late last week. It is not yet clear how some of the EU’s plans will be financed, and…
In Greek Streets, Austerity Leads to Violence
Maybe it had to come to this in Greece, given what the nation’s people are being asked to accept. On Wednesday, just days before a critical summit of European Union leaders intended to resolve the Eurozone crisis, two large unions…
High Global Anxiety as Europe Still Has No Plan
Get ready for a tense week—yes, another one. If Europeans meet their own deadline, by the end of next weekend, when a summit of European Unionleaders is to convene in Brussels, we will see Europe’s proposed solution to its debt…
Behind Apple’s iPollution Problem in China
You could hardly ask for a company with a cleaner image and more conscientious corporate culture than Apple. But now the maker of the iPhone, iPad, and all the other “i’s” seems to be in hot water over pollution allegedly…
Why America Isn’t Headed for a ‘Lost Decade’
You have a country with a banking crisis that spreads to the financial markets. Then a puffy bubble in the real estate market pops. After that, there’s a persistent overhang of private-sector debt, and everyone starts deleveraging. This last renders…
Euro Crisis: How to Stop the Contagion
Even a couple of months ago, the idea that Greece would be forced to default on its debt and exit the eurozone seemed some kind of distant horror. Now both seem all too near as possibilities. What was a short…
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