In Hong Kong, U.S. Secretary of State Hillary Clinton emphasized that the U.S. will stay in Asia. She implicitly criticized China’s economic policy that favors state-owned enterprises, which results in an unfair competitive environment and uneven wealth distribution.
Some said the speech made in the former British [Read more]
Panic on the markets around the world shows investors’ anxiety: growth is showing signs of weakness while the issue of debt in Europe has not even begun to be addressed.
The fear of the economy taking another dive resurfaced today. Known for his pessimistic views on the global economy, economist Nouriel Roubini [Read more]
In fact American leadership probably habitual of seeing daydreams and normally forget the presence of others global, regional nuclear and economic powers like Russia, China, Korea, Japan and Pakistan.
The stormy US-Pakistan relationship, seen against the backdrop of the US’s mounting economic woes, crystallises a major dilemma facing the Obama administration: can the US continue to champion its role as the world’s policeman, and globally promote its values and democratic outlook?
Exaggerations and errors suggest that King has fallen prey to three fallacies that have, unfortunately, characterised American counterterrorism policy since 9/11, generating a string of counterproductive policies.
Why compromise when they can get all they want – no increase to the debt limit and the entire pain being taken by swingeing cuts to federal spending? Which is why President Obama and Democrat Senate leader, Harry Reid, have given so much ground.
But you would have to be a shining optimist to yet see any electoral downside for mainstream Republicans like him "going to the dark side", as his Democrat predecessor Nancy Pelosi so aptly called the pandering he has done to the Tea Party agenda.
In both Europe and America electorates seem to be turning inward. There is the same division between “ins” and “outs” that has plagued Japan.
Except that winning an amendment to the constitution may be the most difficult trick in the entire U.S. political system, requiring approval by two-thirds of both houses of Congress and ratification by three-quarters of the 50 states.