Nicolas Sarkozy, Flag Burning, And More

There is relentless speculation in the French news media about whether former president Nicolas Sarkozy could announce a political comeback. In a TV interview, Valérie Pécresse, who was Sarkozy’s spokeswoman and budget minister until François Hollande won election in May, was asked if her boss was “dead and buried”; and Pécresse responded, “There is a […]

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Rising Food Prices Have Sparked Protests In India And Elsewhere In The Developing World. But, According To Humanitarian Group Oxfam, Costs Are Increasing Because Of A New Menace

On Wednesday, tens of thousands of landless farmers lined up in Gwalior, a city in northern India, and started a very long walk. Under a flapping canopy of green-and-white flags, demonstrators from several Indian states vowed to spend the next three weeks marching over 320 km from this fort town to New Delhi. They are […]

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A Gasp Of Life

BARACK OBAMA‘S re-election hopes were dealt a setback by Mitt Romney‘s relentless attack on his economic record at Wednesday’s presidential debate. Today, he got a lifeline from an unlikely source: the economy. In September, the unemployment rate plunged, unexpectedly, to 7.8%, from 8.1% in August. It was the first time it fell below 8% since […]

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Chávez’s Most Helpful Campaign Aide: China

Edelmina Flores thanks God and Hugo Chávez for her apartment in a new housing complex in the Venezuelan president’s home state of Barinas. She might also want to thank the Chinese government. Since 2007, the China Development Bank has lent Venezuela $42.5 billion, backed by revenue from Venezuelan crude. That sum accounts for nearly a quarter […]

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America’s Export Surge Is Just Beginning

Despite all the attention the trade deficit receives each month, little heed has been paid to the rapid expansion of U.S. exports, which have been growing nearly three times faster than gross domestic product since 2005. As a share of the U.S. economy, exports are at their highest point in 50 years. Rather than slow […]

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