Forbes (February 10, 2014)
“Beijing is becoming more dependent on the U.S. and the rest of the world for its strength and prosperity.” Though it may be the largest holder of U.S. Treasuries, this is not a sign of strength. “The idea that a government gains strength by piling up dollars or other foreign currencies is a mercantilist holdover from the 16th to 18th centuries, when France, Spain and others thought amassing gold and silver was how a country became wealthy. Trade, not hoarding, makes for a powerful economy.”
Tags: Beijing, China, Currencies, Dependent, Dollars, Economy, France, Gold, Government, Hoarding, Mercantilist, Prosperity, Silver, Spain, Strength, Trade, U.S. Treasuries, Wealth
The Economist (February 8, 2014)
China is getting “a small breath of fresh air” as new policies stipulate “official data, formerly held secretly, should be published.” This marks “an important step, not just for China’s environment, but also because it gives new power to the large and growing movement of citizen activists who have been lobbying for the government to clean up.”
Tags: Activists, Air, China, Citizens, Data, Environment, Government, Lobbying, Power, Published
New York Times (January 29, 2014)
President Obama delivered his sixth annual State of the Union address to Congress. It “acknowledged the obvious: Congress has become a dead end for most of the big, muscular uses of government to redress income inequality and improve the economy for all, because of implacable Republican opposition.” The President’s determination to bypass Congress and do whatever he can to get things done without legislation is realistic: “Mr. Obama should employ every tool in his box to bypass those barriers.”
Tags: Barriers, Bypass, Congress, Determination, Economy, Government, Inequality, Legislation, Obama, Opposition, President, Republicans, State of the Union
The Economist (January 25, 2014)
“In some ways, China’s market is still the world’s most enticing. Although it accounts for only around 8% of private consumption in the world, it contributed more than any other country to the growth of consumption in 2011-13.” But China is proving vexing to foreign firms as they find themselves subject to government whims, strong local competition, a tighter labor market and slowing growth. Some are scaling down. Others stumbling or even pulling out. “China is still a rich prize. Firms that can boost productivity, improve governance and respond to local tastes can still prosper. But the golden years are over.”
Tags: China, Competition, Consumption, Enticing, Foreign firms, Golden years, Governance, Government, Growth, Labor market, Productivity, Slowing
The Financial Times (January 20, 2014)
“At a time when US federal government is largely paralysed, it is in the states–and particularly the cities–where America’s future is being played out.” City leaders are innovating to solve problems they can no longer rely on Washington to solve. This is hardly new. “The abiding lesson of most of US history is that when Washington fails to function, the action moves to the states, cities and municipalities.” This is what “keeps the US moving.”
Tags: Cities, Federal, Government, Leaders, Municipalities, States, U.S., Washington
New York Times (December 31, 2013)
“The government of Prime Minister Shinzo Abe is moving to lift Japan’s ban on the export of weapons…. It is doubtful that Japan or other Asian nations can resolve the many differences in the region by enhancing their military capabilities, which only aggravates a futile arms race.”
Tags: Abe, Arms race, Asia, Ban, Export, Government, Japan, Military capabilities, Weapons
Los Angeles Times (December 22, 2013)
Following previous battles, one of which recently shut down the U.S. Government, many were encouraged that both parties cooperated in Congress to smoothly pass a budget before the New Year. It would, however, be naive to assume this heralds a new spirit of bipartisan cooperation. “Next year is unlikely to get better, for one simple reason: It’s a congressional election year…. Getting Democrats and Republicans to agree on anything will be harder than ever.”
Tags: Bipartisan, Budget, Congress, Cooperation, Democrats, Election, Government, Republicans, U.S.
Bloomberg (December 18, 2013)
‘Many Chinese consumers underestimate the volume of GMOs in their food, and thus, the debate often lags behind actual situation in China’s kitchens and pantries.” The government is divided on GMOs, which are already pervasive in China. There is broad support from the Ministry of Agriculture and opposition from quarantine officials, who recently stopped 180,000 tons of U.S. corn from entering China. This makes “the anti-GMO justification for blocking the U.S. corn shipments so suspect.” The root cause is likely trade tension and politics.
Tags: China, Consumers, Corn, GMO, Government, Ministry of Agriculture, Politics, Quarantine, Suspect, Trade tension, U.S.
New York Times (December 10, 2013)
“Unesco just picked Japanese cuisine as a world cultural heritage, recognition that the Japanese government had lobbied hard for. Toyota, Sony and Nintendo may have once served as symbols of national identity, but they are now eclipsed.”
Tags: Cuisine, Government, Heritage, Japan, Japanese, Lobbied, National identity, Nintendo, Sony, Symbols, Toyota, Unesco
Wall Street Journal (December 9, 2013)
Former Deputy Prime Minister Suthep Thaugsuban and the protesters he leads have shown a remarkable “capacity for self-delusion. They dismiss anyone who supports the government as either ignorant or in the pay of Ms. Yingluck and her brother, former Prime Minister Thaksin Shinawatra…. The country will continue to pay the price as Mr. Suthep defies the will of the majority. It’s hard to escape the suspicion that a revolution is coming in Thai politics, but it won’t be one to the opposition’s liking.”
Tags: Government, Opposition, Politics, Prime minister, Protesters, Revolution, Self-delusion, Suthep Thaugsuban, Thailand, Thaksin Shinawatra