One luxury sector in China that hasn’t taken a hit under President Xi Jinping’s austerity and anti-graft campaign is overseas travel. Last year, Chinese tourists made 97 million overseas trips—up from just 10 million in 2000 and 83 million in 2012. And their spending on overseas travel increased 28 percent in the first nine months of 2013, as compared with the same period […]
A new and different kind of global power is on the rise – one that is informal and citizen-based. Attitude surveys indicate that citizens in rich as well as poor countries – aided by dramatically falling costs of communication, participation, and coordination – are aware of the risks a hyper-connected global market system creates, and […]
The poorest half of the world’s population—that’s 3.5 billion people—control as much wealth as the richest 85 individuals! Read Here – Businessweek
Precisely a hundred years ago, the richest man in the world sent New Year’s greetings to a thousand of the most influential leaders in the U.S. and Europe announcing: mission accomplished. “International Peace,” he proclaimed, “is to prevail through the Great Powers agreeing to settle their disputes by International Law, the pen thus proving mightier […]
The world economy is primed for its fastest expansion in four years, with the U.S. propelling the improvement in output. Read Here – Bloomberg
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
Despite the breakthrough, John Kerry is right when he says that the “next phase … will be even more difficult”. The harder part of the P5+1-Iran talks was always going to be reaching a lasting comprehensive solution. The lopsided nature of the interim agreement may have further complicated this process. Read Here – The Nation, […]
The battle of spin has begun in great earnest after the signing of the Iran nuclear deal Read Here – Al Jazeera
Angela Merkel won Germany’s parliamentary elections by a landslide. Two months later, though, she still hasn’t managed to put together a government. Read Here – BusinessWeek
The Obama administration apparently has tired of the global order that American power created. The president seems determined that America should become unexceptional, and his five-year-long efforts are now bearing fruit. The result is that no one knows where global violence will break out next, much less who will stop it. Read Here – National […]
