Europe: The Strings Attached to a Chinese Bailout
Will your children—or maybe even you—someday find it perfectly natural to put the household savings into the Chinese yuan because it is the world’s safest, steadiest currency? That thought would have been unimaginable even a few months ago. Now we…
Trade: How China Is Big-Footing U.S. Companies
General Motors, which has been making Buicks and other cars in China since 1998, wants to sell its new Chevrolet Volt, an electric hybrid, on the mainland. That’s fine, Beijing says, if Chinese companies get to share three of the…
Asian Unrest: An Ominous Sign for the Global Economy
The specter of social unrest is haunting the high-growth economies of Asia. In one nation after another, rising expectations are being dashed as economic conditions deteriorate. In effect, Asia’s nascent middle class is getting its first taste of middle-class insecurity…
Decline of America: Have We Given Away the Store?
The past weeks of wrenching volatility in the financial markets and the evident confusion in both Europe and the U.S. over how to avoid tipping into a double-dip recession — or a straight-out depression — have once again brought the…
Japan Snaps Back, Moody’s Drops Credit Rating. Huh?
This week Japan became the latest nation to get a downgrade from one of the rating agencies that seem to whizz around the world pronouncing this economy or that unworthy of its previous status. On Wednesday, Moody’s dropped Japan from…
Do’s and Don’ts of a Post Qaddafi U.S. Policy
“American aid, not American troops,” President Obama declared from a Martha’s Vineyard vacation house on Monday as news of Tripoli’s fall toinsurgent forces flowed in. In five simple words, the President described a fundamental turn in U.S. policy abroad – a…
The Unwinnable Afghan War: Get Out Now to Save America
It’s supposed to be the dog days of August, but we find ourselves watching global markets on a frightening teeter-totter and waiting for Washington to cobble together a debt deal that may or may not hang together. More tragically, the…
Asia Becomes More Asian as America’s Power Shrinks
Late in June, Chinese fighter jets crossed into Taiwan’s airspace in pursuit of a U.S. spy plane. The U.S. aircraft quickly exited the area, avoiding the kind ofembarrassing push-and-shove that followed when American spies were actually forced down on Hainan Island, off…
The Big Question for China as Global Growth Slows
Part 1 The investing world awoke from America’s debt-ceiling nightmare this week only to realize that global growth is hitting the brakes all around the planet—including China. “China is not collapsing, [but] it’s notably slowing,” Harvard economist Kenneth Rogoff told…
How to Put a Dent in Deficits—and Make Real Money
The federal government and almost all 50 states are constantly searching for solutions to gaping budget deficits. And U.S. corporations are sitting on piles of cash estimated at around $2 trillion. So is there some mutually beneficial intersection here? If…
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