It’s five years since the collapse of Lehman Brothers, on 15 September 2008. Since then, the legitimacy of capitalism as a way of organising society has been undermined; its promises of prosperity, social mobility and democracy have lost credibility. But there has been no radical change. The system has repeatedly come under fire, but it has […]
Banking reforms alone, however, aren’t going to bring foreign investors back or prevent the rupee from falling further. This is (Raghuram) Rajan’s real challenge: He is stepping into a stew of financial chaos, missed opportunities and political paralysis that has been simmering for years. It’s no longer inconceivable that India could become the first of […]
The reason that U.S. President Barack Obama passed the buck on authorizing a military strike on Syria to Congress is not because getting congressional approval is the constitutional thing to do. It always has been, although presidents have regularly denied it. Rather, Obama passed the buck to Congress because it was the only way out […]
China‘s anti-corruption drive seems to be gathering steam, as President Xi Jinping goes after the “flies” and the “tigers. Here is what it means: Read Here – BBC
As a rising power, China’s current naval capability does not match the country’s developments. China’s strengthening of muscles and increasing expenses in building sea power have not exceeded the normal level, and accordingly, should not be questioned or blamed. Read Here – ChinaUSFocus
President Barack Obama’s case for intervening in Syria is legally weak, internationally divisive and morally hollow Read Here – The Hindu
India and China are neighbors with vexed relations. The most that can be said about them is that they share almost equal measures of mutual incomprehension. Read Here – The Diplomat
If Sharif has learned any lesson from his previous two stints as prime minister, it should be that his chances for serving a full five-year term in office will depend on his establishing a modus vivendi with Pakistan’s powerful military establishment. His prospects for establishing civilian control over the military and intelligence agencies, however desirable […]
Beijing has offered little information about the investigation of several executives from China’s top oil producer, except to accuse them of “severe breaches of discipline,” a phrase often used to invoke bribery and corruption. But the focus on the oil industry itself and specific investigation of two of the four executives adds fuel to a growing sense that […]
China now has an emerging business class that wants to influence the debate on pollution, economic reform, U.S.-China relations, and broader political change. Read Here – BusinessWeek
