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Forging his way through the predictable UK media censorship: Dr Andrew Wakefield Responds to Measles Outbreak in Swansea
February 15, 2011 China is building up strategic reserves of rare earth metals in a move that could give it better control over the resource so indispensable to high tech products, the Wall Street Journal reported.
January 24, 2011 The President will have to devote a big part of his speech to the economy, but which economy? Corporate profits are up but jobs and wages remain in the doldrums. People with lots of financial assets, or who are deemed “talent” by large corporations, are enjoying a solid recovery. But most Americans continue to struggle.
January 21, 2011 When President Obama took office, he vowed to repair the damage done to America’s moral standing on the global stage. You may have hoped that human rights would become an organizing principle of our foreign policy. That the U.S. would finally try to engage pariah states like Iran and North Korea, or that Obama’s presidency would elevate the voices of grassroots movements in economic and environmental policy discussions. In 2011, you’ve probably either lowered your expectations or discarded your hopes.
January 20, 2011 Highlighting today’s summit between Chinese President Hu Jintao and President Obama is China’s agreement to buy $45 billion of American exports. The President says this will create more American jobs. That’s not exactly right. It will create more profits for American companies but relatively few new jobs.
January 10, 2011 To hear a number of prominent economists tell it, it doesn't look good for the U.S. economy, not this year, not in 10 years. Leading thinkers in the dismal science speaking at an annual convention offered varying visions of U.S. economic decline, in the short, medium and long term. This year, the recovery may bog down as government stimulus measures dry up.
November 19, 2010 On November 19 and 20, NATO leaders meet in Lisbon for what is billed as a summit on NATOs Strategic Concept. Among topics of discussion will be an array of scary threats, from cyberwar to climate change, as well as nice protective things like nuclear weapons and a high tech Maginot Line boondoggle supposed to stop enemy missiles in mid-air. The NATO leaders will be unable to avoid talking about the war in Afghanistan, that endless crusade that unites the civilized world against the elusive Old Man of the Mountain, Hassan i Sabah, eleventh century chief of the Assassins in his latest reincarnation as Osama bin Laden. There will no doubt be much talk of our shared values.
November 11, 2010 Blocked from major new domestic initiatives by a Republican victory in the midterm elections, President Barack Obama promptly lit out for Asia, a far more promising arena. That continent, after all, is rising, and Obama is eager to grasp the golden ring of Asian success.
November 11, 2010 China has curtly dismissed a US proposal to address global economic imbalances, setting the stage for a potential showdown at next weeks G20 meeting in Seoul.
October 22, 2010 The United States conducts monetary policy the same way it conducts foreign policy; unilaterally. When Fed chairman Ben Bernanke signaled last week that he was planning to restart his bond purchasing program (Quantitative Easing) he didn't consult with allies at the IMF, the G-20 or the WTO. He simply issued his edict, and that was that. The fact that the Fed's policy will flood emerging markets with cheap capital, pushing up the value of their currencies and igniting inflation, is of no concern to Bernanke. He operates on the same theory as former Treasury Secretary John Connally who breezily quipped to a group of euro finance ministers, “The dollar is our currency, but your problem.”
September 30, 2010 It is traditional for politicians to blame foreigners for problems that their own policies have caused. And in today’s zero-sum economies, it seems that if America is losing leadership position, other nations must be the beneficiaries. Inasmuch as China has avoided the financial overhead that has painted other economies into a corner, nationalistic U.S. politicians and journalists are blaming it for America’s declining economic power. I realize that balance-of-payments accounting and international trade theory are arcane topics, but I promise that by the time you finish this article, you will understand more than 99% of U.S. economists and diplomats striking this self-righteous pose.
