Britain Is Now A Developing Country
Britain is a rich country accruing many of the stereotypical bad habits of a developing country. Read Here – The Guardian
Tag: Economy
Decline Of All That Was France
Those who would turn the French economy certainly have their job cut out for them. Apart from the occasional rays of sunshine, France, since before the global financial crisis of 2008-09, has suffered a steady decline in worker productivity and business profitability. Read Here – National Interest
China’s Deep Set Fears Drive Nationalism
Historical subjugation by foreign powers make Chinese fear the future even after it has emerged as a global power and become the world’s second-biggest economy. Read Here – TeaLeafNation
How Much Longer Before The Fed Cracks?
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
Can The Post War Order Be Honoured?
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 […]
Oops…Watch Out For Those Taxes
Between 2008 and 2012, several of the developed world‘s most fiscally challenged nations (including the United Kingdom, Ireland and Spain) increased top personal income tax rates by an average of 8%. In the United States, the expiration of the Bush tax cuts pushed the highest federal income tax bracket to 39.6% from 35%. Read Here […]
Rising China? Responsible China?
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 […]
A German Empress No More
So Merkel-Land is looking at stasis, thanks to too much chumminess among the parties. In the next four years, we won’t be seeing any more magazine covers celebrating Angela I as “queen” or “empress” of the Continent. Read Here – Bloomberg
Trouble In Thailand
In the coming weeks, Thailand’s political crisis is likely to escalate, not de-escalate, ultimately resulting in either a snap election or some kind of extraconstitutional removal of the government. In other words, more political tension with little resolution, a carbon copy of Thai politics going all the way back to 2001, when the populist telecommunications […]
“China Won’t Like It”
“China won’t like it.” That has been a consistent refrain of the UPA government and the Congress party in shaping India‘s recent foreign policy. New Delhi‘s self-induced fear of provoking China has restricted the pursuit of beneficial engagement with other major powers and Asian neighbours. India’s self-denial is hardly consistent with its proclamations on “strategic […]
