The Currency of Power

Earlier this year, Bob Carr, Australia’s foreign minister and a longtime friend of the United States, observed with Aussie clarity: “The United States is one budget deal away from restoring its global preeminence.” He added a caution: “There are powers in the Asia-Pacific that are whispering that this time the United States will not get […]

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Congressional Report on Huawei Smacks of Protectionism

The House Intelligence Committee report on Huawei Technologies Co. and ZTE Corp., China‘s two largest phone-equipment makers, breathlessly hints at a massive national security breach in the making. The committee report, out today, says Chinese intelligence services could spy on the U.S. by using the two companies’ equipment to tamper with American telecoms networks. The companies, based in […]

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Romney Casts Obama’s Foreign Policy As Weak, Dangerous

Republican presidential candidate Mitt Romney delivered a sweeping critique on Monday of President Barack Obama’s handling of threats in the Middle East, saying Obama’s lack of leadership had made the volatile region more dangerous. In what his campaign called a major foreign policy address, Romney called for a more assertive use of American influence in […]

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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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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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Back In The Centre, Back In The Game

AFTER months of firing up core supporters in swing states with partisan attack lines and blood-chilling predictions about the other side’s plans, Barack Obama and Mitt Romney found themselves in their first televised debate on October 3rd, obliged to pitch for undecided voters and independents nationwide. Both Mr Obama and Mr Romney duly struck a […]

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