The U.S. unemployment rate fell to 7 percent in November, the lowest since November 2008, raising questions about how much longer the Fed will keep fueling the economy with monetary stimulus. Read Here – Businessweek Let It Ride – The Economist
As a fiscally constrained and war-weary Washington confronts its foreign policy challenges, events in Ukraine and Afghanistan show that economic incentives can play a major role in addressing them. Read Here – The Atlantic
hina’s oil import dependency has risen from 32% at the beginning of this century to 57% last year. In the past few years, Chinese car ownership has exploded while China’s oil production has grown only slightly. Read Here – WorldCrunch
On Dec 1, 1943, China, the United States and Britain jointly issued the Cairo Declaration, which explicitly states “that Japan shall be stripped of all the islands in the Pacific which she has seized or occupied since the beginning of the First World War in 1914, and that all the territories Japan has stolen from […]
Strengthening dialogue and cooperation is the “correct choice” for China and the United States, President Xi Jinping told visiting US Vice-President Joe Biden Read Here – China Daily
Both China and Japan are trying to centralize security decision-making. Could this help avoid a clash? Read Here – The Diplomat
For those seeking to understand the perilous politics of the region today, there is no better place to start than the First Sino-Japanese War, which pitted China’s fading Qing Dynasty against an ascendant Meiji Japan in a contest for regional supremacy. Read Here – National Interest
The Chinese Communist Party’s Third Plenum released its plan for reforms, including moving toward the free market in allocating resources, abolishing prison reeducation, easing the one-child restriction for some families and eliminating local control over the judiciary. Despite such guidance on reforms, though, the plan is also designed to strengthen the party’s control, writes journalist […]
The Indian financial system suffers from a hangover of cronyism and corruption that have brought the government budgets on the verge of bankruptcy Read Here – The Hindu
U.S. Vice President Joe Biden will try to strike a delicate balance of calming military tensions with China while supporting ally Japan against Beijing on a trip to Asia this week that is being overshadowed by a territorial dispute in the East China Sea. Read Here – Reuters
