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…
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…
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